CEVA, Inc. (NASDAQ:CEVA) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Richard Kingston - VP, Market Intelligence & IR Amir Panush - CEO Yaniv Arieli - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Chris Reimer - Barclays David O'Connor - BNP Paribas Suji Desilva - ROTH Capital Operator Good day and welcome to the CEVA, Inc. Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please no ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.001 per share CEVA The NASDAQ Stock Market LLC Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended: September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition pe ...

CEVA, Inc. (NASDAQ:CEVA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Richard Kingston - Vice President of Market Intelligence & Investor Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matt Ramsay - TD Cowen Kevin Cassidy - Rosenblatt Securities Chris Reimer - Barclays Operator Good day, and welcome to the CEVA Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, today's even ...

Revenue Performance - Total revenues for Q2 2023 were $26.2 million, a decrease of 21% compared to Q2 2022, and $54.9 million for the first half of 2023, down 19% year-over-year [142]. - Licensing, NRE, and related revenues were $16.8 million for Q2 2023, a 24% decrease from Q2 2022, and $37.5 million for the first half of 2023, down 16% year-over-year [145]. - Royalty revenues were $9.4 million for Q2 2023, a 15% decrease from Q2 2022, and $17.4 million for the first half of 2023, down 25% year-over-year [146]. - Total revenues for the first half of 2023 were $39.7 million, a decrease from $50.0 million in the first half of 2022, reflecting a 20% decline [150]. - The five largest customers accounted for 43% of total revenues in Q2 2023, up from 36% in Q2 2022, indicating increased customer concentration [143]. Product and Market Insights - Connectivity products represented 77% of total revenues for the first half of 2023, compared to 74% in the same period of 2022 [145]. - CEVA shipped 1.7 billion devices in 2022, averaging over 50 devices per second, showcasing strong market presence [128]. - The addressable market for Bluetooth, Wi-Fi, UWB, and cellular IoT is projected to exceed 15 billion devices annually by 2027 [136]. - CEVA's technologies have been incorporated into over 16 billion chips shipped to date, highlighting the extensive reach of its product offerings [128]. Financial Metrics - CEVA's royalty revenues accounted for 36% of total revenues in Q2 2023, slightly up from 33% in Q2 2022, indicating a stable revenue stream [146]. - Cost of revenues for the second quarter of 2023 was $5.6 million, accounting for 21% of total revenues, compared to $6.8 million and 21% in the second quarter of 2022 [151]. - Gross margin for the first half of 2023 remained stable at 80%, consistent with the same period in 2022 [152]. - Research and development expenses for the first half of 2023 were $40.4 million, representing 74% of total revenues, up from 59% in the first half of 2022 [154]. - Operating expenses for the second quarter of 2023 were $26.9 million, slightly higher than $26.6 million in the second quarter of 2022 [153]. Cash Flow and Investments - Financial income, net, for the first half of 2023 was $2.58 million, significantly higher than $0.69 million in the first half of 2022 [159]. - The company recorded a foreign exchange gain of $0.36 million for the first half of 2023, compared to a loss of $0.26 million in the first half of 2022 [160]. - General and administrative expenses for the first half of 2023 were $8.2 million, up from $7.3 million in the first half of 2022, with a percentage of total revenues increasing from 11% to 15% [157]. - As of June 30, 2023, the company had approximately $135.6 million in cash, cash equivalents, short-term bank deposits, and marketable securities, a decrease from $147.7 million at December 31, 2022 [172]. - Cash used in operating activities for the first six months of 2023 was $9.9 million, consisting of a net loss of $10.7 million and adjustments for non-cash items of $10.7 million [176]. - The company invested $2.5 million in marketable securities during the first half of 2023, while cash inflow from marketable securities amounted to $21.7 million [174]. - Net cash provided by investing activities for the first six months of 2023 was $14.4 million, compared to a net cash outflow of $12.3 million for the same period in 2022 [179]. - The company had a cash outflow of $3.6 million for the acquisition of the VisiSonics business during the first half of 2023 [179]. - Interest income and gains from marketable securities for the second quarter of 2023 were $1.03 million, up from $0.58 million in the same period of 2022 [189]. - The unrealized losses associated with the company's investments were approximately $6.0 million as of June 30, 2023, due to changes in the interest rate environment [188]. - The company received $1.7 million from the exercise of stock-based awards during the first six months of 2023, consistent with the same period in 2022 [181]. - As of June 30, 2023, the company had 278,799 shares available for repurchase under its share repurchase program [180]. - The company expects its cash and cash equivalents, along with cash from operations, to be sufficient to fund operations for at least the next 12 months [181]. Workforce and Taxation - The number of research and development personnel increased to 339 as of June 30, 2023, from 333 a year earlier [155]. - The company is applying the Technological Preferred Enterprise tax track for its Israeli subsidiary, which is taxed at a rate of 12% on profits from intellectual property [168].

CEVA, Inc. (NASDAQ:CEVA) Q1 2023 Results Conference Call May 10, 2023 8:30 AM ET Company Participants Richard Kingston - Vice President, Market Intelligence and Investor Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matt Ramsay - TD Cowen Kevin Cassidy - Rosenblatt Securities Martin Yang - Oppenheimer Suji Desilva - ROTH MKM Chris Reimer - Barclays David O'Connor - Exane BNP Paribas Operator Good day, and welcome to the CEVA, Inc., First ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended: March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number: 000-49842 CEVA, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 77-0556376 (State or Other J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 000-49842 CEVA, INC. (Exact name of registrant as specified in its charter) Delaware 77-0556376 (State or other jurisdict ...

CEVA, Inc. (NASDAQ:CEVA) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Richard Kingston - Vice President, Market Intelligence and Investor Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matt Ramsay - Cowen Kevin Cassidy - Rosenblatt Securities Suji Desilva - Roth Capital Chris Reimer - Barclays Martin Yang - Oppenheimer David O’Connor - BNP Paribas Gus Richard - Northland Operator Good day, and welcome ...

CEVA, Inc. (NASDAQ:CEVA) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Richard Kingston - VP, Market Intelligence, Investor & Public Relations Gideon Wertheizer - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Kevin Cassidy - Rosenblatt Securities Chris Reimer - Barclays Sean O'Loughlin - Cowen Martin Yang - Oppenheimer Suji Desilva - Roth Capital Operator Good day, and welcome to the CEVA, Inc., Third Quarter 2022 Earnings Con ...