Bringing Human-Like Intelligent Vision Processing to Low-Power Embedded Systems
As you probably know, one of my strange hobbies is listening to quarterly investor calls of companies that I have intimate knowledge of. As an insider it is interesting to see if what I know matches up to what the company says publicly. Which brings us to CEVA, one of my favorite companies to watch because what they say actually matches what I know, absolutely.
CEVA had a great 2015 with:
- Quarterly revenues of $16.1 million, up 16% year-over-year
- Strong adoption of imaging & vision; five agreements for CEVA-XM4
- Annual revenue growth of 17% year-over-year
- Annual non-GAAP EPS growth of 51% year-over-year
Gideon Wertheizer, Chief Executive Officer, stated: "We are extremely pleased with our strong finish for the year, as both licensing and royalty revenues delivered year-over-year growth. In licensing, the adoption of our CEVA-XM4 imaging and vision DSP by five licensees during the quarter expands our footprint in the growing use of advanced camera processing in automotives, drones and smartphones. In royalties, our quarterly royalty revenues reached its highest total since 2012, driven by record CEVA-powered smartphone shipments of more than 92 million units."
In Q1 2016 the CEVA success continues:
- All time-high revenues of $16.5 million, up 19% year-over-year
- GAAP and non-GAAP EPS growth of 350% and 113% year-over-year
- Quarterly record of 35 million CEVA-powered LTE devices shipped
Yaniv Arieli, Chief Financial Officer of CEVA, stated: "In addition to another strong licensing quarter, our market share expansion in LTE continues, with a record thirty five million shipped units reported in the quarter, resulting in 31% year-over-year royalty revenue growth. Reflecting our confidence in our business, we repurchased approximately 180,000 shares of our common stock during the quarter for an aggregate consideration of approximately $3.4 million. At the end of the quarter, our cash balance, marketable securities and bank deposits totaled $137 million."
You can meet with CEVA at the Design Automation Conference next week where they will be demonstrating in the BRITE Semiconductor booth (#1520). CEVA will show a new and exciting Deep Neural Network demo running on CEVA's award winning Imaging Processor (CEVA-XM4). Hope to see you there!
About CEVA, Inc.
CEVA is the leading licensor of signal processing IP 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, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, computer vision and computational photography for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (BLE and Dual Mode), Wi-Fi (802.11a/b/g/n/ac up to 4x4) and serial storage (SATA and SAS). Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube and LinkedIn.