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CEVA Q4 revenues reached all-time high

Staff Writer | January 9, 2017
CEVA, a licensor of signal processing IP, announced that its revenues for the fourth quarter of 2016 are approximately $21.2 million, an all-time high.
Technology   Earnings per share exceeded guidance
This is above the high end of the company's previously issued revenue guidance of $18.5 to $19.5 million.

Earnings per share exceeded the previously stated guidance range of 15-17 cents on a GAAP basis and 24-26 cents on a non-GAAP basis.

Strong licensing demand across the CEVA technology portfolio generated more than $8 million in licensing revenue for the quarter.

On royalties, a one-time catch-up payment of approximately $1.1 million from a handset baseband customer relating to prior quarters, along with good demand for CEVA-powered products, drove royalty revenue close to $13 million for the quarter.