CEVA Inc reported Q4 2024 revenue of USD 29.223 million, up 20.95% year over year and 7.41% quarter over quarter, driven by continued demand for its DSP/AI processing IP and wireless connectivity platforms. Gross profit reached USD 25.852 million, delivering a robust gross margin of 88.46%, underscoring the high-margin nature of CEVA’s licensing model. Operating income was marginal at USD 0.074 million (0.25% margin) and EBITDA stood at USD 1.22 million, highlighting a tight operating leverage within a licensing-centric business. Net income declined to USD -1.736 million, with earnings per share of USD -0.0734, reflecting non-operational items and tax-related impacts that offset operating profitability.
CEVA generated strong operating cash flow of USD 8.042 million in the quarter, supported by modest capital expenditures (USD -1.029 million) and working capital movement. Free cash flow reached USD 7.013 million, contributing to a cash balance of USD 18.498 million and a net cash position of USD -12.937 million (net debt negative), aided by substantial short-term investments (USD 145.146 million) and total cash plus investments of USD 163.644 million. Balance sheet remains solvent with total assets of USD 310.09 million and stockholders’ equity of USD 266.556 million, while leverage remains modest (Total debt USD 5.561 million; Debt-to-capitalization effectively negligible at ~2.04%). The company continues to invest in R&D and IP development, positioning CEVA for sustained licensing opportunities in 5G, IoT, automotive, and AI-enabled devices.
Note: The provided data set includes an empty earnings transcript. Accordingly, this report cannot cite management quotes from an earnings call. The forward-looking commentary relies on the reported results and disclosed metrics rather than verbatim call content.