Press release
CEVA, Inc. Announces Third Quarter 2021 Financial Results
- Record total revenue of $32.8 million, up 31% year-over-year - Record high licensing, NRE and related revenue contribution of $21.6 million, including first
About this update from Ceva, Inc.
[{"type":"text","content":"- Record total revenue of $32.8 million, up 31% year-over-year\n - Record high licensing, NRE and related revenue contribution of $21.6 million, including first full quarter contribution from Intrinsix\n - Record high quarterly base station and IoT product category royalty revenues and shipments, surpassing 400 million units for the first time\n - Non-GAAP earnings per share of $0.20, up 25% year-over-year\n\n\nROCKVILLE, Md., Nov. 9, 2021 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies and integrated IP solutions, today announced its financial results for the third quarter ended September 30, 2021.\n\n \n \n \n \n \n \n\n \nOur excellent third quarter results and performance reflect CEVA's central role in the digital transformation era.Total revenue for the third quarter of 2021 was $32.8 million, an all-time record high and a 31% increase compared to $25.0 million reported for the third quarter of 2020. Third quarter 2021 licensing, non-recurring engineering (NRE) and related revenue was $21.6 million, an increase of 74% when compared to $12.4 million reported for the same quarter a year ago. Royalty revenue for the third quarter of 2021 was $11.2 million, a decrease of 11% when compared to $12.5 million reported for the third quarter of 2020. \nTwenty-five IP license and NRE agreements were concluded during the quarter targeting a wide variety of smart and connected devices for the smart home, true wireless stereo (TWS) earbuds, medical, aerospace and defense and Industry 4.0. Thirteen agreements were with first-time customers. Geographically, fifteen of the deals signed were in China, five in the U.S., four in APAC, and one was in Europe.\nGideon Wertheizer, CEO of CEVA, stated: \"Our excellent third quarter results and performance reflect CEVA's central role in the digital transformation era. Our leading-edge technology portfolio along with the chip design capabilities of Intrinsix offers a holistic proposition for incumbents and newcomers in the expanding semiconductor markets. Our IP licensing continues to be very strong, with a growing number of deals for our Bluebud wireless audio platform and Wi-Fi 6 products. It also includes a full quarter contribution from Intrinsix for the first time, with a number of important agreements signed, including with...