CEVA, Inc. (CEVA) 10-Year Financial Performance & Capital Metrics

CEVA • • Industrial / General

TechnologySemiconductorsSemiconductor Design & IPConnectivity & Interface IP

AboutCEVA, Inc. operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI). The company licenses a family of wireless connectivity and smart sensing technologies, and integrated IP solutions, including DSP-based platforms for 5G baseband processing in mobile, IoT, and infrastructure; imaging and computer vision for any camera-enabled devices; audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets; sensor fusion software and inertial measurement unit solutions for hearables, wearables, AR/VR, PC, robotics, remote controls, and IoT; and wireless IoT for Bluetooth, Wi-Fi 4/5/6/6E, Ultra-wideband (UWB), and NB-IoT. Its technologies are licensed to companies, which design, manufacture, market, and sell application-specific integrated circuits and application-specific standard products to mobile, consumer, automotive, robotics, industrial, aerospace and defense, and IoT companies for incorporation into various end products. The company delivers its DSP cores, platforms, and AI processors in the form of a hardware description language definition; and offers development platforms, software development kits, and software debug tools that facilitate system design, debug, and software development. The company licenses its technology through a direct sales force. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. CEVA, Inc. was incorporated in 1999 and is headquartered in Rockville, Maryland.Show more

Revenue $107M +9.8%
EBITDA -$3M +60.3%
Net Income -$9M +26.0%
EPS (Diluted) -0.37 +27.5%
Gross Margin 88.06%
EBITDA Margin -3.19% +63.8%
Operating Margin -7.06% +49.0%
Net Margin -8.22% +32.6%
ROE -3.31% +27.1%
ROIC -2.26% +44.8%
Debt/Equity 0.02 -14.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.73%

5Y4.18%

3Y-2.06%

TTM5.55%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-243.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-3231.08%

ROCE

10Y Avg1.17%

5Y Avg-0.81%

3Y Avg-2.08%

Latest-2.72%

Peer Comparison

Connectivity & Interface IP

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XPERXperi Inc.	286.82M	6.19	-19.97	-5.3%	1.53%	1.68%		0.20
AIPArteris, Inc.	758.79M	17.37	-20.20	7.56%	-52.25%	-483.48%
CEVACEVA, Inc.	602.5M	22.30	-60.27	9.77%	-10.49%	-4.2%	0.09%	0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	59.5M	72.65M	87.51M	77.88M	87.15M	100.33M	113.83M	120.58M	97.42M	106.94M
Revenue Growth %	0.17%	0.22%	0.2%	-0.11%	0.12%	0.15%	0.13%	0.06%	-0.19%	0.1%
Cost of Goods Sold+	5.42M	6.09M	6.95M	7.95M	10.11M	10.75M	10.38M	15.13M	11.65M	12.77M
COGS % of Revenue	0.09%	0.08%	0.08%	0.1%	0.12%	0.11%	0.09%	0.13%	0.12%	0.12%
Gross Profit+	54.08M	66.57M	80.55M	69.93M	77.05M	89.58M	103.45M	105.45M	85.77M	94.17M
Gross Margin %	0.91%	0.92%	0.92%	0.9%	0.88%	0.89%	0.91%	0.87%	0.88%	0.88%
Gross Profit Growth %	0.18%	0.23%	0.21%	-0.13%	0.1%	0.16%	0.15%	0.02%	-0.19%	0.1%
Operating Expenses+	47.76M	52.18M	64.68M	71.17M	78.97M	90.34M	96.41M	101.56M	99.24M	101.72M
OpEx % of Revenue	0.8%	0.72%	0.74%	0.91%	0.91%	0.9%	0.85%	0.84%	1.02%	0.95%
Selling, General & Admin	18.35M	20.11M	23.06M	22.52M	24.2M	26.02M	25.02M	25.66M	25.95M	29.5M
SG&A % of Revenue	0.31%	0.28%	0.26%	0.29%	0.28%	0.26%	0.22%	0.21%	0.27%	0.28%
Research & Development	28.11M	30.84M	40.38M	47.76M	52.84M	62.01M	69.09M	70.32M	72.69M	71.62M
R&D % of Revenue	0.47%	0.42%	0.46%	0.61%	0.61%	0.62%	0.61%	0.58%	0.75%	0.67%
Other Operating Expenses	1.3M	1.24M	1.24M	901K	1.92M	2.31M	2.3M	5.58M	594K	599K
Operating Income+	6.31M	14.39M	15.87M	-1.25M	-1.92M	-763K	7.04M	3.9M	-13.47M	-7.54M
Operating Margin %	0.11%	0.2%	0.18%	-0.02%	-0.02%	-0.01%	0.06%	0.03%	-0.14%	-0.07%
Operating Income Growth %	3.32%	1.28%	0.1%	-1.08%	-0.55%	0.6%	10.23%	-0.45%	-4.46%	0.44%
EBITDA+	7.61M	17.02M	19.12M	2.91M	3.35M	5.06M	14.03M	11.46M	-8.58M	-3.41M
EBITDA Margin %	0.13%	0.23%	0.22%	0.04%	0.04%	0.05%	0.12%	0.1%	-0.09%	-0.03%
EBITDA Growth %	2.6%	1.24%	0.12%	-0.85%	0.15%	0.51%	1.77%	-0.18%	-1.75%	0.6%
D&A (Non-Cash Add-back)	1.3M	2.63M	3.25M	4.16M	5.27M	5.82M	6.99M	7.56M	4.88M	4.14M
EBIT	8.49M	17.49M	20.08M	2.08M	1.92M	2.96M	9.64M	4.59M	-13.47M	-7.54M
Net Interest Income+	1.73M	2.24M	3.05M	3.73M	3.67M	2.85M	1.45M	2.79M	4.49M	5.88M
Interest Income	2.85M	3.3M	4.23M	4.5M	4.22M	3.28M	1.87M	3.19M	4.49M	5.88M
Interest Expense	1.11M	1.06M	1.18M	773K	554K	444K	420K	397K	0	0
Other Income/Expense	1.07M	2.04M	3.03M	2.55M	3.29M	3.28M	2.18M	301K	5.26M	4.79M
Pretax Income+	7.38M	16.43M	18.9M	1.3M	1.37M	2.52M	9.22M	4.2M	-8.21M	-2.75M
Pretax Margin %	0.12%	0.23%	0.22%	0.02%	0.02%	0.03%	0.08%	0.03%	-0.08%	-0.03%
Income Tax+	1.11M	3.33M	1.87M	729K	1.34M	4.9M	6.82M	18.07M	10.23M	6.03M
Effective Tax Rate %	0.85%	0.8%	0.9%	0.44%	0.02%	-0.94%	0.04%	-5.52%	1.45%	3.19%
Net Income+	6.27M	13.1M	17.03M	574K	28K	-2.38M	396K	-23.18M	-11.88M	-8.79M
Net Margin %	0.11%	0.18%	0.19%	0.01%	0%	-0.02%	0%	-0.19%	-0.12%	-0.08%
Net Income Growth %	8.65%	1.09%	0.3%	-0.97%	-0.95%	-85.96%	1.17%	-59.54%	0.49%	0.26%
Net Income (Continuing)	6.27M	13.1M	17.03M	574K	28K	-2.38M	2.4M	-13.88M	-18.44M	-8.79M
Discontinued Operations	0	0	0	0	0	0	-2M	-9.3M	6.56M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.30	0.61	0.75	0.03	0.00	-0.11	0.02	-1.00	-0.51	-0.37
EPS Growth %	8.56%	1.03%	0.23%	-0.97%	-0.95%	-	1.15%	-59.82%	0.49%	0.27%
EPS (Basic)	0.31	0.63	0.78	0.03	0.00	-0.11	0.02	-1.00	-0.51	-0.37
Diluted Shares Outstanding	20.99M	21.57M	22.56M	22.5M	22.32M	22.11M	23.25M	23.17M	23.48M	23.61M
Basic Shares Outstanding	20.48M	20.85M	21.77M	22.03M	21.93M	22.11M	22.82M	23.17M	23.48M	23.61M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	106.03M	146.12M	159.08M	177.29M	178.55M	167.56M	188.98M	177.63M	209.37M	216.34M
Cash & Short-Term Investments	97.94M	126.52M	138.84M	145.87M	144.59M	130.13M	154.86M	138.31M	166.54M	163.64M
Cash Only	18.91M	18.4M	21.74M	22.26M	22.8M	21.14M	33.15M	20.12M	23.29M	18.5M
Short-Term Investments	79.03M	108.11M	117.1M	123.61M	121.78M	108.99M	121.71M	118.19M	143.25M	145.15M
Accounts Receivable	4.07M	15.04M	16.49M	26.16M	28.31M	31.22M	27.45M	29.83M	30.31M	37.21M
Days Sales Outstanding	24.96	75.58	68.8	122.59	118.55	113.6	88.01	90.29	113.55	127
Inventory	2	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	0	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	5.66M	6.21M	6.67M	9.48M	12.53M	15.49M
Total Non-Current Assets+	106.62M	96.37M	117.74M	99.97M	120.02M	140.98M	142.79M	130.82M	94.71M	92.61M
Property, Plant & Equipment	3.73M	4.8M	6.93M	7.34M	18.95M	16.64M	15.59M	15.11M	13.71M	12.69M
Fixed Asset Turnover	15.95x	15.12x	12.63x	10.60x	4.60x	6.03x	7.30x	7.98x	7.11x	8.43x
Goodwill	46.61M	46.61M	46.61M	46.61M	51.07M	51.07M	74.78M	56.79M	58.31M	58.31M
Intangible Assets	4.21M	2.98M	1.74M	2.7M	13.42M	10.84M	14.61M	2.39M	2.97M	1.88M
Long-Term Investments	43.14M	31.78M	44.52M	21.86M	6.3M	30.46M	2.92M	8.61M	406K	312K
Other Non-Current Assets	7.3M	7.94M	14.29M	15.53M	18.12M	19.56M	15.93M	39.42M	17.71M	17.97M
Total Assets+	212.65M	242.5M	276.81M	277.26M	298.57M	308.54M	331.77M	308.44M	304.08M	308.95M
Asset Turnover	0.28x	0.30x	0.32x	0.28x	0.29x	0.33x	0.34x	0.39x	0.32x	0.35x
Asset Growth %	0.02%	0.14%	0.14%	0%	0.08%	0.03%	0.08%	-0.07%	-0.01%	0.02%
Total Current Liabilities+	18.98M	22.59M	22.8M	21.75M	26.38M	28.18M	35.44M	33.28M	26.89M	30.53M
Accounts Payable	693K	571K	392K	632K	701K	894K	1.46M	1.86M	1.15M	1.13M
Days Payables Outstanding	46.63	34.24	20.58	29.01	25.32	30.36	51.49	44.84	36.16	32.16
Short-Term Debt	0	0	0	0	2.39M	2.97M	3.27M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.8M	2.53M	3.88M	4.2M	3.66M	3.61M	3.61M	1.59M	3.91M	0
Current Ratio	5.59x	6.47x	6.98x	8.15x	6.77x	5.95x	5.33x	5.34x	7.79x	7.09x
Quick Ratio	5.59x	6.47x	6.98x	8.15x	6.77x	5.95x	5.33x	5.34x	7.79x	7.09x
Cash Conversion Cycle	-21.68	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	7.57M	8.35M	9.35M	9.63M	21.03M	19.47M	19.6M	16.29M	12.86M	11.86M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	8.27M	5.77M	5.13M	5.21M	3.94M	2.96M
Deferred Tax Liabilities	0	653K	0	0	1.55M	1.58M	3.11M	0	0	0
Other Non-Current Liabilities	7.57M	8.35M	9.35M	9.63M	11.21M	12.11M	11.36M	11.09M	8.91M	8.9M
Total Liabilities	26.55M	30.94M	32.14M	31.38M	47.41M	47.65M	55.04M	49.57M	39.74M	42.39M
Total Debt+	0	0	0	0	10.67M	8.74M	8.4M	7.89M	6.46M	5.56M
Net Debt	-18.91M	-18.4M	-21.74M	-22.26M	-12.14M	-12.4M	-24.75M	-12.23M	-16.83M	-12.94M
Debt / Equity	-	-	-	-	0.04x	0.03x	0.03x	0.03x	0.02x	0.02x
Debt / EBITDA	-	-	-	-	3.19x	1.73x	0.60x	0.69x	-	-
Net Debt / EBITDA	-2.48x	-1.08x	-1.14x	-7.64x	-3.63x	-2.45x	-1.76x	-1.07x	-	-
Interest Coverage	5.68x	13.52x	13.46x	-1.61x	-3.47x	-1.72x	16.76x	9.81x	-	-
Total Equity+	186.09M	211.55M	244.67M	245.88M	251.16M	260.89M	276.73M	258.87M	264.34M	266.56M
Equity Growth %	0.04%	0.14%	0.16%	0%	0.02%	0.04%	0.06%	-0.06%	0.02%	0.01%
Book Value per Share	8.87	9.81	10.84	10.93	11.25	11.80	11.90	11.17	11.26	11.29
Total Shareholders' Equity	186.09M	211.55M	244.67M	245.88M	251.16M	260.89M	276.73M	258.87M	264.34M	266.56M
Common Stock	21K	21K	22K	22K	22K	22K	23K	23K	23K	24K
Retained Earnings	29.55M	39.43M	53.87M	62.85M	62.43M	57.35M	55.48M	32.16M	20.17M	11.19M
Treasury Stock	-51.8M	-39.51M	-26.06M	-39.13M	-39.39M	-30.13M	-13.79M	-9.9M	-5.62M	-3.22M
Accumulated OCI	-419K	-497K	-586K	-1.11M	94K	478K	-372K	-6.25M	-2.33M	-1.33M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	19.38M	14.46M	24.47M	8.61M	9.67M	15.16M	25.8M	6.92M	-6.33M	3.47M
Operating CF Margin %	0.33%	0.2%	0.28%	0.11%	0.11%	0.15%	0.23%	0.06%	-0.06%	0.03%
Operating CF Growth %	1.13%	-0.25%	0.69%	-0.65%	0.12%	0.57%	0.7%	-0.73%	-1.91%	1.55%
Net Income	6.27M	13.1M	17.03M	574K	28K	-2.38M	396K	-23.18M	-11.88M	-8.79M
Depreciation & Amortization	2.36M	2.63M	3.25M	4.16M	5.27M	5.82M	6.99M	7.56M	4.88M	4.14M
Stock-Based Compensation	4.01M	6.24M	8.69M	10.37M	10.72M	13.64M	0	14.51M	15.53M	15.57M
Deferred Taxes	-1.21M	-613K	-613K	-2.19M	0	-335K	-6.3M	-6.3M	6.68M	-68K
Other Non-Cash Items	2.53M	1.15M	1.75M	4.05M	831K	194K	12.64M	12.47M	-11.66M	334K
Working Capital Changes	5.43M	-8.66M	-5.64M	-8.35M	-7.17M	-1.77M	12.09M	1.87M	-9.89M	-7.72M
Change in Receivables	4.28M	-10.97M	-1.45M	-463K	-2.15M	-2.92M	5.84M	-3.75M	-25K	-6.78M
Change in Inventory	1.44M	-386K	-775K	-5.12M	0	2.5M	0	0	-9.02M	0
Change in Payables	-161K	-190K	-184K	226K	53K	186K	404K	511K	-818K	-261K
Cash from Investing+	-9.64M	-21.03M	-28.79M	9.83M	-2.44M	-15.22M	-16.71M	-15.12M	10.84M	-2.45M
Capital Expenditures	-2.18M	-2.39M	-4.13M	-5.28M	-3.46M	-2.94M	-2.19M	-3.5M	-2.88M	-2.96M
CapEx % of Revenue	0.04%	0.03%	0.05%	0.07%	0.04%	0.03%	0.02%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.96M	-18.64M	-4.96M	-1.96M	-7.36M	11.05M	0	29.89M	-30.59M	-753K
Cash from Financing+	-6.95M	6.2M	7.49M	-17.76M	-6.68M	-2.11M	3.24M	-3.31M	-2.77M	-5.57M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.13M	9.62M	7.49M	2.25M	2.44M	2.67M	0	3.48M	3.39M	2.88M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	17.2M	12.07M	20.33M	3.33M	-1.15M	12.23M	23.61M	3.42M	-9.21M	516K
FCF Margin %	0.29%	0.17%	0.23%	0.04%	-0.01%	0.12%	0.21%	0.03%	-0.09%	0%
FCF Growth %	1.24%	-0.3%	0.68%	-0.84%	-1.35%	11.62%	0.93%	-0.85%	-3.69%	1.06%
FCF per Share	0.82	0.56	0.90	0.15	-0.05	0.55	1.02	0.15	-0.39	0.02
FCF Conversion (FCF/Net Income)	3.09x	1.10x	1.44x	15.00x	345.50x	-6.37x	65.16x	-0.30x	0.53x	-0.40x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	2.19M	3.29M	5.2M	4.29M	5.06M	4.73M	0	10.19M	7.4M	6.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.43%	6.59%	7.46%	0.23%	0.01%	-0.93%	0.15%	-8.66%	-4.54%	-3.31%
Return on Invested Capital (ROIC)	2.87%	5.99%	5.72%	-0.42%	-0.62%	-0.23%	2.11%	1.17%	-4.09%	-2.26%
Gross Margin	90.88%	91.62%	92.05%	89.79%	88.4%	89.29%	90.88%	87.45%	88.04%	88.06%
Net Margin	10.53%	18.03%	19.46%	0.74%	0.03%	-2.37%	0.35%	-19.23%	-12.19%	-8.22%
Debt / Equity	-	-	-	-	0.04x	0.03x	0.03x	0.03x	0.02x	0.02x
Interest Coverage	5.68x	13.52x	13.46x	-1.61x	-3.47x	-1.72x	16.76x	9.81x	-	-
FCF Conversion	3.09x	1.10x	1.44x	15.00x	345.50x	-6.37x	65.16x	-0.30x	0.53x	-0.40x
Revenue Growth	17.11%	22.11%	20.45%	-11%	11.91%	15.12%	13.46%	5.93%	-19.21%	9.77%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
License	-	-	-	-	-	-	-	-	57.55M	60M
License Growth	-	-	-	-	-	-	-	-	-	4.25%
Royalty	-	-	-	-	-	-	-	-	39.86M	46.94M
Royalty Growth	-	-	-	-	-	-	-	-	-	17.75%
Connectivity Products	-	-	-	18.41M	70.68M	78.67M	89.42M	96.27M	-	-
Connectivity Products Growth	-	-	-	-	283.88%	11.30%	13.67%	7.66%	-	-
Smart Sensing Products	-	-	-	-	16.48M	21.66M	33.29M	38.38M	-	-
Smart Sensing Products Growth	-	-	-	-	-	31.48%	53.67%	15.31%	-	-
DSP Products	-	-	-	59.47M	-	-	-	-	-	-
DSP Products Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia Pacific	42.7M	52.62M	69.31M	21.64M	21.63M	27.93M	35.91M	35.08M	75.68M	73.83M
Asia Pacific Growth	-	23.23%	31.73%	-68.78%	-0.06%	29.13%	28.58%	-2.29%	115.72%	-2.45%
CHINA	29.98M	30.03M	41.06M	-	-	-	-	-	57.51M	52.68M
CHINA Growth	-	0.16%	36.73%	-	-	-	-	-	-	-8.39%
UNITED STATES	9.74M	9.13M	7.19M	2.09M	1.42M	14.1M	10.03M	7.1M	9.55M	20.3M
UNITED STATES Growth	-	-6.19%	-21.31%	-70.87%	-32.00%	889.96%	-28.83%	-29.23%	34.52%	112.59%
Europe and Middle East	7.06M	10.9M	11.01M	13.7M	16.21M	5.79M	3.94M	3.21M	12.18M	12.8M
Europe and Middle East Growth	-	54.32%	0.97%	24.45%	18.35%	-64.28%	-31.99%	-18.61%	280.16%	5.02%
Other	-	-	-	-	-	-	-	-	-	13K
Other Growth	-	-	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF	6.17M	15.51M	17.84M	-	-	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	151.29%	15.02%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

CEVA, Inc. (CEVA) reported $107.5M in revenue for fiscal year 2024. This represents a 79% increase from $60.2M in 2011.

CEVA, Inc. (CEVA) grew revenue by 9.8% over the past year. This is steady growth.

CEVA, Inc. (CEVA) reported a net loss of $11.3M for fiscal year 2024.

Dividend & Returns

CEVA, Inc. (CEVA) has a return on equity (ROE) of -3.3%. Negative ROE indicates the company is unprofitable.

CEVA, Inc. (CEVA) had negative free cash flow of $6.5M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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CEVA, Inc. (CEVA) 10-Year Financial Performance & Capital Metrics

CEVA • • Industrial / General

TechnologySemiconductorsSemiconductor Design & IPConnectivity & Interface IP

Revenue $107M +9.8%
EBITDA -$3M +60.3%
Net Income -$9M +26.0%
EPS (Diluted) -0.37 +27.5%
Gross Margin 88.06%
EBITDA Margin -3.19% +63.8%
Operating Margin -7.06% +49.0%
Net Margin -8.22% +32.6%
ROE -3.31% +27.1%
ROIC -2.26% +44.8%
Debt/Equity 0.02 -14.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.73%

5Y4.18%

3Y-2.06%

TTM5.55%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-243.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-3231.08%

ROCE

10Y Avg1.17%

5Y Avg-0.81%

3Y Avg-2.08%

Latest-2.72%

Peer Comparison

Connectivity & Interface IP

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XPERXperi Inc.	286.82M	6.19	-19.97	-5.3%	1.53%	1.68%		0.20
AIPArteris, Inc.	758.79M	17.37	-20.20	7.56%	-52.25%	-483.48%
CEVACEVA, Inc.	602.5M	22.30	-60.27	9.77%	-10.49%	-4.2%	0.09%	0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	59.5M	72.65M	87.51M	77.88M	87.15M	100.33M	113.83M	120.58M	97.42M	106.94M
Revenue Growth %	0.17%	0.22%	0.2%	-0.11%	0.12%	0.15%	0.13%	0.06%	-0.19%	0.1%
Cost of Goods Sold+	5.42M	6.09M	6.95M	7.95M	10.11M	10.75M	10.38M	15.13M	11.65M	12.77M
COGS % of Revenue	0.09%	0.08%	0.08%	0.1%	0.12%	0.11%	0.09%	0.13%	0.12%	0.12%
Gross Profit+	54.08M	66.57M	80.55M	69.93M	77.05M	89.58M	103.45M	105.45M	85.77M	94.17M
Gross Margin %	0.91%	0.92%	0.92%	0.9%	0.88%	0.89%	0.91%	0.87%	0.88%	0.88%
Gross Profit Growth %	0.18%	0.23%	0.21%	-0.13%	0.1%	0.16%	0.15%	0.02%	-0.19%	0.1%
Operating Expenses+	47.76M	52.18M	64.68M	71.17M	78.97M	90.34M	96.41M	101.56M	99.24M	101.72M
OpEx % of Revenue	0.8%	0.72%	0.74%	0.91%	0.91%	0.9%	0.85%	0.84%	1.02%	0.95%
Selling, General & Admin	18.35M	20.11M	23.06M	22.52M	24.2M	26.02M	25.02M	25.66M	25.95M	29.5M
SG&A % of Revenue	0.31%	0.28%	0.26%	0.29%	0.28%	0.26%	0.22%	0.21%	0.27%	0.28%
Research & Development	28.11M	30.84M	40.38M	47.76M	52.84M	62.01M	69.09M	70.32M	72.69M	71.62M
R&D % of Revenue	0.47%	0.42%	0.46%	0.61%	0.61%	0.62%	0.61%	0.58%	0.75%	0.67%
Other Operating Expenses	1.3M	1.24M	1.24M	901K	1.92M	2.31M	2.3M	5.58M	594K	599K
Operating Income+	6.31M	14.39M	15.87M	-1.25M	-1.92M	-763K	7.04M	3.9M	-13.47M	-7.54M
Operating Margin %	0.11%	0.2%	0.18%	-0.02%	-0.02%	-0.01%	0.06%	0.03%	-0.14%	-0.07%
Operating Income Growth %	3.32%	1.28%	0.1%	-1.08%	-0.55%	0.6%	10.23%	-0.45%	-4.46%	0.44%
EBITDA+	7.61M	17.02M	19.12M	2.91M	3.35M	5.06M	14.03M	11.46M	-8.58M	-3.41M
EBITDA Margin %	0.13%	0.23%	0.22%	0.04%	0.04%	0.05%	0.12%	0.1%	-0.09%	-0.03%
EBITDA Growth %	2.6%	1.24%	0.12%	-0.85%	0.15%	0.51%	1.77%	-0.18%	-1.75%	0.6%
D&A (Non-Cash Add-back)	1.3M	2.63M	3.25M	4.16M	5.27M	5.82M	6.99M	7.56M	4.88M	4.14M
EBIT	8.49M	17.49M	20.08M	2.08M	1.92M	2.96M	9.64M	4.59M	-13.47M	-7.54M
Net Interest Income+	1.73M	2.24M	3.05M	3.73M	3.67M	2.85M	1.45M	2.79M	4.49M	5.88M
Interest Income	2.85M	3.3M	4.23M	4.5M	4.22M	3.28M	1.87M	3.19M	4.49M	5.88M
Interest Expense	1.11M	1.06M	1.18M	773K	554K	444K	420K	397K	0	0
Other Income/Expense	1.07M	2.04M	3.03M	2.55M	3.29M	3.28M	2.18M	301K	5.26M	4.79M
Pretax Income+	7.38M	16.43M	18.9M	1.3M	1.37M	2.52M	9.22M	4.2M	-8.21M	-2.75M
Pretax Margin %	0.12%	0.23%	0.22%	0.02%	0.02%	0.03%	0.08%	0.03%	-0.08%	-0.03%
Income Tax+	1.11M	3.33M	1.87M	729K	1.34M	4.9M	6.82M	18.07M	10.23M	6.03M
Effective Tax Rate %	0.85%	0.8%	0.9%	0.44%	0.02%	-0.94%	0.04%	-5.52%	1.45%	3.19%
Net Income+	6.27M	13.1M	17.03M	574K	28K	-2.38M	396K	-23.18M	-11.88M	-8.79M
Net Margin %	0.11%	0.18%	0.19%	0.01%	0%	-0.02%	0%	-0.19%	-0.12%	-0.08%
Net Income Growth %	8.65%	1.09%	0.3%	-0.97%	-0.95%	-85.96%	1.17%	-59.54%	0.49%	0.26%
Net Income (Continuing)	6.27M	13.1M	17.03M	574K	28K	-2.38M	2.4M	-13.88M	-18.44M	-8.79M
Discontinued Operations	0	0	0	0	0	0	-2M	-9.3M	6.56M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.30	0.61	0.75	0.03	0.00	-0.11	0.02	-1.00	-0.51	-0.37
EPS Growth %	8.56%	1.03%	0.23%	-0.97%	-0.95%	-	1.15%	-59.82%	0.49%	0.27%
EPS (Basic)	0.31	0.63	0.78	0.03	0.00	-0.11	0.02	-1.00	-0.51	-0.37
Diluted Shares Outstanding	20.99M	21.57M	22.56M	22.5M	22.32M	22.11M	23.25M	23.17M	23.48M	23.61M
Basic Shares Outstanding	20.48M	20.85M	21.77M	22.03M	21.93M	22.11M	22.82M	23.17M	23.48M	23.61M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	106.03M	146.12M	159.08M	177.29M	178.55M	167.56M	188.98M	177.63M	209.37M	216.34M
Cash & Short-Term Investments	97.94M	126.52M	138.84M	145.87M	144.59M	130.13M	154.86M	138.31M	166.54M	163.64M
Cash Only	18.91M	18.4M	21.74M	22.26M	22.8M	21.14M	33.15M	20.12M	23.29M	18.5M
Short-Term Investments	79.03M	108.11M	117.1M	123.61M	121.78M	108.99M	121.71M	118.19M	143.25M	145.15M
Accounts Receivable	4.07M	15.04M	16.49M	26.16M	28.31M	31.22M	27.45M	29.83M	30.31M	37.21M
Days Sales Outstanding	24.96	75.58	68.8	122.59	118.55	113.6	88.01	90.29	113.55	127
Inventory	2	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	0	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	5.66M	6.21M	6.67M	9.48M	12.53M	15.49M
Total Non-Current Assets+	106.62M	96.37M	117.74M	99.97M	120.02M	140.98M	142.79M	130.82M	94.71M	92.61M
Property, Plant & Equipment	3.73M	4.8M	6.93M	7.34M	18.95M	16.64M	15.59M	15.11M	13.71M	12.69M
Fixed Asset Turnover	15.95x	15.12x	12.63x	10.60x	4.60x	6.03x	7.30x	7.98x	7.11x	8.43x
Goodwill	46.61M	46.61M	46.61M	46.61M	51.07M	51.07M	74.78M	56.79M	58.31M	58.31M
Intangible Assets	4.21M	2.98M	1.74M	2.7M	13.42M	10.84M	14.61M	2.39M	2.97M	1.88M
Long-Term Investments	43.14M	31.78M	44.52M	21.86M	6.3M	30.46M	2.92M	8.61M	406K	312K
Other Non-Current Assets	7.3M	7.94M	14.29M	15.53M	18.12M	19.56M	15.93M	39.42M	17.71M	17.97M
Total Assets+	212.65M	242.5M	276.81M	277.26M	298.57M	308.54M	331.77M	308.44M	304.08M	308.95M
Asset Turnover	0.28x	0.30x	0.32x	0.28x	0.29x	0.33x	0.34x	0.39x	0.32x	0.35x
Asset Growth %	0.02%	0.14%	0.14%	0%	0.08%	0.03%	0.08%	-0.07%	-0.01%	0.02%
Total Current Liabilities+	18.98M	22.59M	22.8M	21.75M	26.38M	28.18M	35.44M	33.28M	26.89M	30.53M
Accounts Payable	693K	571K	392K	632K	701K	894K	1.46M	1.86M	1.15M	1.13M
Days Payables Outstanding	46.63	34.24	20.58	29.01	25.32	30.36	51.49	44.84	36.16	32.16
Short-Term Debt	0	0	0	0	2.39M	2.97M	3.27M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.8M	2.53M	3.88M	4.2M	3.66M	3.61M	3.61M	1.59M	3.91M	0
Current Ratio	5.59x	6.47x	6.98x	8.15x	6.77x	5.95x	5.33x	5.34x	7.79x	7.09x
Quick Ratio	5.59x	6.47x	6.98x	8.15x	6.77x	5.95x	5.33x	5.34x	7.79x	7.09x
Cash Conversion Cycle	-21.68	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	7.57M	8.35M	9.35M	9.63M	21.03M	19.47M	19.6M	16.29M	12.86M	11.86M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	8.27M	5.77M	5.13M	5.21M	3.94M	2.96M
Deferred Tax Liabilities	0	653K	0	0	1.55M	1.58M	3.11M	0	0	0
Other Non-Current Liabilities	7.57M	8.35M	9.35M	9.63M	11.21M	12.11M	11.36M	11.09M	8.91M	8.9M
Total Liabilities	26.55M	30.94M	32.14M	31.38M	47.41M	47.65M	55.04M	49.57M	39.74M	42.39M
Total Debt+	0	0	0	0	10.67M	8.74M	8.4M	7.89M	6.46M	5.56M
Net Debt	-18.91M	-18.4M	-21.74M	-22.26M	-12.14M	-12.4M	-24.75M	-12.23M	-16.83M	-12.94M
Debt / Equity	-	-	-	-	0.04x	0.03x	0.03x	0.03x	0.02x	0.02x
Debt / EBITDA	-	-	-	-	3.19x	1.73x	0.60x	0.69x	-	-
Net Debt / EBITDA	-2.48x	-1.08x	-1.14x	-7.64x	-3.63x	-2.45x	-1.76x	-1.07x	-	-
Interest Coverage	5.68x	13.52x	13.46x	-1.61x	-3.47x	-1.72x	16.76x	9.81x	-	-
Total Equity+	186.09M	211.55M	244.67M	245.88M	251.16M	260.89M	276.73M	258.87M	264.34M	266.56M
Equity Growth %	0.04%	0.14%	0.16%	0%	0.02%	0.04%	0.06%	-0.06%	0.02%	0.01%
Book Value per Share	8.87	9.81	10.84	10.93	11.25	11.80	11.90	11.17	11.26	11.29
Total Shareholders' Equity	186.09M	211.55M	244.67M	245.88M	251.16M	260.89M	276.73M	258.87M	264.34M	266.56M
Common Stock	21K	21K	22K	22K	22K	22K	23K	23K	23K	24K
Retained Earnings	29.55M	39.43M	53.87M	62.85M	62.43M	57.35M	55.48M	32.16M	20.17M	11.19M
Treasury Stock	-51.8M	-39.51M	-26.06M	-39.13M	-39.39M	-30.13M	-13.79M	-9.9M	-5.62M	-3.22M
Accumulated OCI	-419K	-497K	-586K	-1.11M	94K	478K	-372K	-6.25M	-2.33M	-1.33M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	19.38M	14.46M	24.47M	8.61M	9.67M	15.16M	25.8M	6.92M	-6.33M	3.47M
Operating CF Margin %	0.33%	0.2%	0.28%	0.11%	0.11%	0.15%	0.23%	0.06%	-0.06%	0.03%
Operating CF Growth %	1.13%	-0.25%	0.69%	-0.65%	0.12%	0.57%	0.7%	-0.73%	-1.91%	1.55%
Net Income	6.27M	13.1M	17.03M	574K	28K	-2.38M	396K	-23.18M	-11.88M	-8.79M
Depreciation & Amortization	2.36M	2.63M	3.25M	4.16M	5.27M	5.82M	6.99M	7.56M	4.88M	4.14M
Stock-Based Compensation	4.01M	6.24M	8.69M	10.37M	10.72M	13.64M	0	14.51M	15.53M	15.57M
Deferred Taxes	-1.21M	-613K	-613K	-2.19M	0	-335K	-6.3M	-6.3M	6.68M	-68K
Other Non-Cash Items	2.53M	1.15M	1.75M	4.05M	831K	194K	12.64M	12.47M	-11.66M	334K
Working Capital Changes	5.43M	-8.66M	-5.64M	-8.35M	-7.17M	-1.77M	12.09M	1.87M	-9.89M	-7.72M
Change in Receivables	4.28M	-10.97M	-1.45M	-463K	-2.15M	-2.92M	5.84M	-3.75M	-25K	-6.78M
Change in Inventory	1.44M	-386K	-775K	-5.12M	0	2.5M	0	0	-9.02M	0
Change in Payables	-161K	-190K	-184K	226K	53K	186K	404K	511K	-818K	-261K
Cash from Investing+	-9.64M	-21.03M	-28.79M	9.83M	-2.44M	-15.22M	-16.71M	-15.12M	10.84M	-2.45M
Capital Expenditures	-2.18M	-2.39M	-4.13M	-5.28M	-3.46M	-2.94M	-2.19M	-3.5M	-2.88M	-2.96M
CapEx % of Revenue	0.04%	0.03%	0.05%	0.07%	0.04%	0.03%	0.02%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.96M	-18.64M	-4.96M	-1.96M	-7.36M	11.05M	0	29.89M	-30.59M	-753K
Cash from Financing+	-6.95M	6.2M	7.49M	-17.76M	-6.68M	-2.11M	3.24M	-3.31M	-2.77M	-5.57M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.13M	9.62M	7.49M	2.25M	2.44M	2.67M	0	3.48M	3.39M	2.88M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	17.2M	12.07M	20.33M	3.33M	-1.15M	12.23M	23.61M	3.42M	-9.21M	516K
FCF Margin %	0.29%	0.17%	0.23%	0.04%	-0.01%	0.12%	0.21%	0.03%	-0.09%	0%
FCF Growth %	1.24%	-0.3%	0.68%	-0.84%	-1.35%	11.62%	0.93%	-0.85%	-3.69%	1.06%
FCF per Share	0.82	0.56	0.90	0.15	-0.05	0.55	1.02	0.15	-0.39	0.02
FCF Conversion (FCF/Net Income)	3.09x	1.10x	1.44x	15.00x	345.50x	-6.37x	65.16x	-0.30x	0.53x	-0.40x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	2.19M	3.29M	5.2M	4.29M	5.06M	4.73M	0	10.19M	7.4M	6.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.43%	6.59%	7.46%	0.23%	0.01%	-0.93%	0.15%	-8.66%	-4.54%	-3.31%
Return on Invested Capital (ROIC)	2.87%	5.99%	5.72%	-0.42%	-0.62%	-0.23%	2.11%	1.17%	-4.09%	-2.26%
Gross Margin	90.88%	91.62%	92.05%	89.79%	88.4%	89.29%	90.88%	87.45%	88.04%	88.06%
Net Margin	10.53%	18.03%	19.46%	0.74%	0.03%	-2.37%	0.35%	-19.23%	-12.19%	-8.22%
Debt / Equity	-	-	-	-	0.04x	0.03x	0.03x	0.03x	0.02x	0.02x
Interest Coverage	5.68x	13.52x	13.46x	-1.61x	-3.47x	-1.72x	16.76x	9.81x	-	-
FCF Conversion	3.09x	1.10x	1.44x	15.00x	345.50x	-6.37x	65.16x	-0.30x	0.53x	-0.40x
Revenue Growth	17.11%	22.11%	20.45%	-11%	11.91%	15.12%	13.46%	5.93%	-19.21%	9.77%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
License	-	-	-	-	-	-	-	-	57.55M	60M
License Growth	-	-	-	-	-	-	-	-	-	4.25%
Royalty	-	-	-	-	-	-	-	-	39.86M	46.94M
Royalty Growth	-	-	-	-	-	-	-	-	-	17.75%
Connectivity Products	-	-	-	18.41M	70.68M	78.67M	89.42M	96.27M	-	-
Connectivity Products Growth	-	-	-	-	283.88%	11.30%	13.67%	7.66%	-	-
Smart Sensing Products	-	-	-	-	16.48M	21.66M	33.29M	38.38M	-	-
Smart Sensing Products Growth	-	-	-	-	-	31.48%	53.67%	15.31%	-	-
DSP Products	-	-	-	59.47M	-	-	-	-	-	-
DSP Products Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia Pacific	42.7M	52.62M	69.31M	21.64M	21.63M	27.93M	35.91M	35.08M	75.68M	73.83M
Asia Pacific Growth	-	23.23%	31.73%	-68.78%	-0.06%	29.13%	28.58%	-2.29%	115.72%	-2.45%
CHINA	29.98M	30.03M	41.06M	-	-	-	-	-	57.51M	52.68M
CHINA Growth	-	0.16%	36.73%	-	-	-	-	-	-	-8.39%
UNITED STATES	9.74M	9.13M	7.19M	2.09M	1.42M	14.1M	10.03M	7.1M	9.55M	20.3M
UNITED STATES Growth	-	-6.19%	-21.31%	-70.87%	-32.00%	889.96%	-28.83%	-29.23%	34.52%	112.59%
Europe and Middle East	7.06M	10.9M	11.01M	13.7M	16.21M	5.79M	3.94M	3.21M	12.18M	12.8M
Europe and Middle East Growth	-	54.32%	0.97%	24.45%	18.35%	-64.28%	-31.99%	-18.61%	280.16%	5.02%
Other	-	-	-	-	-	-	-	-	-	13K
Other Growth	-	-	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF	6.17M	15.51M	17.84M	-	-	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	151.29%	15.02%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

CEVA, Inc. (CEVA) reported $107.5M in revenue for fiscal year 2024. This represents a 79% increase from $60.2M in 2011.

CEVA, Inc. (CEVA) grew revenue by 9.8% over the past year. This is steady growth.

CEVA, Inc. (CEVA) reported a net loss of $11.3M for fiscal year 2024.

Dividend & Returns

CEVA, Inc. (CEVA) has a return on equity (ROE) of -3.3%. Negative ROE indicates the company is unprofitable.

CEVA, Inc. (CEVA) had negative free cash flow of $6.5M in fiscal year 2024, likely due to heavy capital investments.