CEVA - Smallcap Stock CEVA Clocks Mixed Q4 Results Royalty Revenue Gains Amid Licensing Revenue Declines | Benzinga
CEVA, Inc (NASDAQ:CEVA) reported a fourth-quarter FY23 revenue decline of 20% year-on-year to $24.16 million, missing the consensus of $24.32 million.
Adjusted EPS of $0.10 beat the consensus of $0.06.
Segments: Licensing, non-recurring engineering (NRE), and related revenue decreased 39.2% Y/Y to $11.8 million. Royalty revenue climbed by 13% Y/Y to $12.35 million.
The adjusted gross margin improved by 200 bps to 92%.
During the quarter, the company concluded seventeen IP license and NRE ...