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CEVA, INC. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS – U.S. GAAP U.S. dollars in thousands, except per share data | ||||||||
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Three months ended |
Six months ended | ||||||
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June 30, |
June 30, | ||||||
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2015 |
2014 |
2015 |
2014 | ||||
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Unaudited | |||||||
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Revenues: |
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Licensing and related revenues |
$ 7,669 |
$ 4,355 |
$ 15,508 |
$ 12,261 | ||||
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Royalties |
5,690 |
4,860 |
11,685 |
10,628 | ||||
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Total revenues |
13,359 |
9,215 |
27,193 |
22,889 | ||||
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Cost of revenues |
1,550 |
1,370 |
2,735 |
2,482 | ||||
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Gross profit |
11,809 |
7,845 |
24,458 |
20,407 | ||||
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Operating expenses: |
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Research and development, net |
7,241 |
6,051 |
14,604 |
12,047 | ||||
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Sales and marketing |
2,548 |
2,197 |
4,974 |
4,590 | ||||
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General and administrative |
1,666 |
1,861 |
3,638 |
3,901 | ||||
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Amortization of intangible assets |
324 |
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649 |
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Total operating expenses |
11,779 |
10,109 |
23,865 |
20,538 | ||||
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Operating income (loss) |
30 |
(2,264) |
593 |
(131) | ||||
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Financial income, net |
269 |
417 |
242 |
877 | ||||
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Income (loss) before taxes on income |
299 |
(1,847) |
835 |
746 | ||||
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Income tax expenses (benefit) |
131 |
(321) |
181 |
287 | ||||
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Net income (loss) |
168 |
(1,526) |
654 |
459 | ||||
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Basic and diluted net income (loss) per share |
$0.01 |
($0.07) |
$0.03 |
$0.02 | ||||
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Weighted-average number of Common Stock used in computation of net income (loss) per share (in thousands): |
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Basic |
20,564 |
20,778 |
20,491 |
20,968 | ||||
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Diluted |
20,984 |
20,778 |
20,971 |
21,368 | ||||
