CEVA INC
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 7, 2024
CEVA$24.45-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income (Loss)
(U.S. dollars in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2021 | 2022 | 2023 | |
| Revenues: | |||
| Licensing and related revenues | $63,953 | $75,194 | $57,555 |
| Royalties | 49,879 | 45,389 | 39,864 |
| Total revenues | 113,832 | 120,583 | 97,419 |
| Cost of revenues | 10,378 | 15,131 | 11,648 |
| Gross profit | 103,454 | 105,452 | 85,771 |
| Operating expenses: | |||
| Research and development, net | 69,089 | 70,317 | 72,689 |
| Sales and marketing | 12,233 | 11,475 | 11,042 |
| General and administrative | 12,790 | 14,183 | 14,913 |
| Amortization of intangible assets | 2,302 | 2,025 | 594 |
| Impairment of long-lived assets | — | 3,556 | — |
| Total operating expenses | 96,414 | 101,556 | 99,238 |
| Operating income (loss) | 7,040 | 3,896 | (13,467) |
| Financial income, net | 197 | 2,812 | 5,264 |
| Remeasurement of marketable equity securities | 1,983 | (2,511) | (2) |
| Income (loss) before taxes on income | 9,220 | 4,197 | (8,205) |
| Taxes on income | 6,823 | 18,075 | 10,232 |
| Net income (loss) from continuing operations | 2,397 | (13,878) | (18,437) |
| Net Income (loss) from discontinued operations | (2,001) | (9,305) | 6,559 |
| Net Income (loss) | $396 | $(23,183) | $(11,878) |
| Basic net income (loss) per share: | |||
| From continuing operations | $0.11 | $(0.60) | $(0.79) |
| From discontinued operations | $(0.09) | $(0.40) | $0.28 |
| Basic net income (loss) per share | $0.02 | $(1.00) | $(0.51) |
| Diluted net income (loss) per share: | |||
| From continuing operations | $0.10 | $(0.60) | $(0.79) |
| From discontinued operations | $(0.08) | $(0.40) | $0.28 |
| Diluted net income (loss) per share | $0.02 | $(1.00) | $(0.51) |
| Weighted average shares used to compute net income (loss) per share (in thousands): | |||
| Basic | 22,819 | 23,172 | 23,484 |
| Diluted | 23,251 | 23,172 | 23,484 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.