Press release
Ceva, Inc. Announces First Quarter 2025 Financial Results
Total revenue of $24.2 million, up 10% year-over-year11 license agreements concluded in the quarter, including Wi-Fi 7 deal with long-term strategic
About this update from Ceva, Inc.
[{"type":"text","content":"Total revenue of $24.2 million, up 10% year-over-year11 license agreements concluded in the quarter, including Wi-Fi 7 deal with long-term strategic connectivity customer, edge AI NPU for automotive ADAS and spatial audio software for wireless headsets for a leading PC OEMPowered 420 million devices in the quarter, up 13% year-over-yearCustomer milestone: leading U.S. OEM successfully ramped in-house 5G modem integrating Ceva IPROCKVILLE, Md., May 7, 2025 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced its financial results for the first quarter ended March 31, 2025.\n\n \n \n \n \n \n \n\n \nTotal revenue for the first quarter of 2025 was $24.2 million, compared to $22.1 million reported for the first quarter of 2024. Licensing and related revenue for the first quarter of 2025 was $15.0 million, compared to $11.4 million reported for the same quarter a year ago. Royalty revenue for the first quarter of 2025 was $9.2 million, compared to $10.7 million reported for the first quarter of 2024.\nAmir Panush, Chief Executive Officer of Ceva, commented: \"I am pleased with the continued progress we made in our licensing business this quarter, further solidifying our edge AI strategy and reinforcing key customer engagements across our IP portfolio. While royalty revenue was below expectations, we are encouraged by the adoption and successful implementation of our IP in a leading U.S. OEM's in-house 5G modem launched in the quarter. Additionally, the Wi-Fi 7 design win with a long-term wireless connectivity customer and new licensees for our edge AI and spatial audio IPs are incremental drivers for future royalty growth.\"\nDuring the quarter, eleven IP licensing agreements were concluded, targeting a wide range of end markets and applications, including edge AI NPU for automotive ADAS, Wi-Fi 7 connectivity for AIoT, Bluetooth 6 and Wi-Fi 6 for combo connectivity products, 5G cellular IoT for industrial devices, audio for consumer devices and spatial audio for PC headsets. Two of the deals signed were with first-time customers.\nGAAP gross margin for the first quarter of 2025 was 86%, as compared to 89% in the first quarter of 2024. GAAP operating loss for the first quarter of 2025 wa...