Q4 2024 CEVA Inc Earnings Call Transcript
Key Points
- CEVA Inc (CEVA) reported a 21% year-on-year revenue growth in the fourth quarter, driven by strong licensing and royalty performance.
- The company achieved record high shipments of Wi-Fi and Bluetooth IP, with Wi-Fi shipments growing 110% and Bluetooth shipments up 41% year over year.
- CEVA Inc (CEVA) signed several key strategic licensing deals, including a long-term agreement with a top-tier global MCU company for their Wi-Fi platform.
- The company reported its strongest royalty quarter of the year, with a record 623 million units shipped, marking the first time surpassing 600 million units in a single quarter.
- CEVA Inc (CEVA) achieved significant milestones in AI products, signing important licensing agreements for AI DSPs and NeuPro-Nano NPUs, indicating strong market interest and demand for their Edge AI portfolio.
- CEVA Inc (CEVA) experienced a negative financial income of $0.1 million due to a significant fall in the value of the EUR versus the US dollar, impacting the value of EUR-dominated assets.
- The company reported a net loss of $1.7 million for the fourth quarter, although this was an improvement from the previous year's loss.
- Gross margins are expected to be slightly lower in the first quarter of 2025 due to lower seasonal royalty revenue and allocation of design activities for strategic customers.
- The company anticipates lower growth in the first half of 2025, with higher growth expected in the second half, reflecting typical seasonal trends.
Good day and welcome to the Shiva 4th quarter and year-end 2024 earnings conference call.
(Operator Instructions)
I would now like to attend a conference over Richard Kingston, Vice President, market intelligence and investor in public relations. Please go ahead, sir.
Thank you, Rocco. Good morning, everyone, and welcome to Siva's fourth quarter and full year 2024 earnings conference call.
Joining me today on the call are Amir Panush, Chief Executive Officer, and Yaniv Arieli, Chief Financial Officer of CEVA.
Before handing over to Amir, I would like to remind everyone that today's discussions contain forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions.
Forward-looking statements include statements regarding our
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