About CEVA, Inc.
CEVA is the leading licensor of wireless connectivity and smart sensing technologies. We offer Digital Signal Processors, AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and artificial intelligence, all of which are key enabling technologies for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, robotics, industrial and IoT. Our ultra-low-power IPs include comprehensive DSP-based platforms for 5G baseband processing in mobile and infrastructure, advanced imaging and computer vision for any camera-enabled device and audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For sensor fusion, our Hillcrest Labs sensor processing technologies provide a broad range of sensor fusion software and IMU solutions for AR/VR, robotics, remote controls, and IoT. For artificial intelligence, we offer a family of AI processors capable of handling the complete gamut of neural network workloads, on-device. For wireless IoT, we offer the industry's most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi 4/5/6 (802.11n/ac/ax) and NB-IoT. Visit us at
www.ceva-dsp.com and follow us on
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Instagram.
CEVA, INC. AND ITS SUBSIDIARIES | ||||
CONSOLIDATED STATEMENTS OF INCOME – 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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| 2019 | 2018 | 2019 | 2018 |
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| Unaudited | |||
Revenues: |
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Licensing and related revenues | $ 10,804 | $ 10,038 | $ 21,815 | $ 20,121 |
Royalties | 7,596 | 7,456 | 13,554 | 14,942 |
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Total revenues | 18,400 | 17,494 | 35,369 | 35,063 |
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Cost of revenues | 2,493 | 1,988 | 4,516 | 3,960 |
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Gross profit | 15,907 | 15,506 | 30,853 | 31,103 |
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Operating expenses: |
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Research and development, net | 12,390 | 11,843 | 24,720 | 23,859 |
Sales and marketing | 2,956 | 3,399 | 5,977 | 6,575 |
General and administrative | 2,534 | 2,833 | 4,851 | 5,787 |
Amortization of intangible assets | 210 | 92 | 420 | 451 |
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Total operating expenses | 18,090 | 18,167 | 35,968 | 36,672 |
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Operating loss | (2,183) | (2,661) | (5,115) | (5,569) |
Financial income, net | 896 | 777 | 1,696 | 1,704 |
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Loss before taxes on income | (1,287) | (1,884) | (3,419) | (3,865) |
| Taxes on income | 225 | 206 | 390 | 407 |
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| Net loss | $ (1,512) | $ (2,090) | $ (3,809) | $ (4,272) |
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| Basic and diluted net loss per share | ($0.07) | (0.09) | ($0.17) | ($0.19) |
| Weighted-average shares used to compute net loss per share (in thousands): |
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| Basic and diluted | 21,936 | 22,129 | 21,927 | 22,139 |
