CEVA Earnings Prediction
The chart below shows how CEVA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CEVA sees a +1.94% change in stock price 10 days leading up to the earnings, and a +1.56% change 10 days following the report. On the earnings day itself, the stock moves by -1.61%. This data can give you a slight idea of what to expect for the next quarter's release.
CEVA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
27.21M
13.02%
-4.33%
Gross Margin
84.89%
-5.25%
-4.79%
Operating Margin
-9.64%
-14.16%
7933.33%
Net Margin
-4.82%
-57.79%
372.55%
EPS
-0.06
-71.43%
500.00%
No Data Available
CEVA Earnings Analysis
CEVA Inc. Corporation (CEVA.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Total revenue for the quarter came in at $27.2 million, up 13% year-over-year benefiting from our innovative product offerings to the market.
Licensing Revenue Increase: Licensing and related revenue was $15.6 million, increased 12% year-over-year, reflecting 57% of total revenue.
Royalty Revenue Increase: Royalty revenues were $11.6 million, reflecting 43% of our total revenue increased 15% year-over-year.
Backlog and Pipeline Improvement: Our backlog and pipeline continue to improve and we are in a healthy position as we head into the fourth quarter and 2025.
Updated 2024 Guidance: We are raising our guidance for the fully year 2024, which will be elaborated on later in the call.
Negative
Quarterly Revenue Increase: Total revenue for the quarter came in at $27.2 million, up 13% compared to $24.1 million for the same quarter last year. The revenue breakdown is as follows; licensing and related revenue was $15.6 million, reflecting 57% of total revenue, increased 12% year-over-year.
Gross Margins and Expenses: Gross margins came below our guidance due to slightly higher equity-based compensation expenses. Total non-GAAP operating expenses for the third quarter excluding equity-based compensation expenses amortization of intangibles and related acquisition costs were $21.4 million just over the mid-range of our guidance and in the same expense level as the second quarter.
Operating Loss Comparison: GAAP operating loss for the third quarter of 2024 was $2.6 million as compared to a GAAP operating loss of $2.7 million for the same period in 2023.
Quarterly Net Loss Comparison: GAAP net loss for the third quarter of 2024 was $1.3 million and diluted loss per share was $0.06 as compared to a net loss of $2.8 million and diluted loss per share of $0.12 for the same period last year.
Operating Expenses Overview: Total gross operating expenses for the third quarter were $25.9 million at the higher end of our guidance due to slightly higher equity-based compensation expenses.
CEVA FAQs
How does CEVA typically perform around its earnings report dates?
Is CEVA, Inc. (CEVA) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CEVA Earning Call Sentiment
CEVA, Inc. (CEVA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CEVA.O
-0.35%Positive
The earnings call reveals strong financial performance with a 13% revenue increase, a significant rise in non-GAAP net income, and a healthy cash position. The Q&A indicates a robust pipeline and strategic focus on expanding Wi-Fi and AI capabilities. Despite some margin concerns, the positive guidance, share repurchase program, and strategic agreements suggest a positive outlook. The market is likely to react positively, with a predicted stock price movement of 2% to 8% over the next two weeks, given the company's strategic initiatives and financial health.