Ceva Inc is a leading technology company that specializes in developing digital signal processing (DSP) and advanced wireless communication technologies
The company provides a range of semiconductor intellectual property (IP) solutions that enable manufacturers to design and implement innovative products across various industries, including mobile, IoT, automotive, and consumer electronics. Ceva's versatile platforms are designed to enhance efficiency and performance in applications such as audio, vision, and connectivity, empowering its clients to create cutting-edge devices that meet the demands of today's advanced digital landscape.
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CEVA, Inc (NASDAQCEVA) reported Q4 FY23 revenue decline of 20% to $24.16M, missed consensus. Adjusted EPS of $0.10 beat consensus. Gross margin improved. Concluded 17 agreements. Cash and equivalents at $166.54M. CEO comments on market challenges. CEVA stock closed down 7.93% at $20.19.
