Benzinga | Aug 10, 2020 07:19AM EDT

CEVA: Q2 Earnings Insights

Shares of CEVA (NASDAQ:CEVA) rose 2.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 140.00% year over year to $0.12, which beat the estimate of $0.04.

Revenue of $23,606,000 rose by 28.29% year over year, which beat the estimate of $20,780,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

CEVA hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 10, 2020

Time: 08:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/984/35676

Recent Stock Performance

52-week high: $42.36

52-week low: $20.45

Price action over last quarter: Up 29.14%

Company Description

CEVA Inc is a licensor of signal-processing intellectual property. Through partnerships with semiconductor companies and original equipment manufacturers globally, the company helps produce devices for a range of end markets. OEMs and semiconductor companies choose to sell products with CEVA equipment to wireless, consumer, automotive, and Internet of Things companies. Revenue is derived primarily from licensing fees and related revenue, and royalties generated from the shipments of products utilizing its intellectual properties. CEVA also engages in the training and sale of development systems.