CEVA is the leading licensor of signal processing platforms and artificial intelligence processors for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, advanced imaging and computer vision for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For artificial intelligence, we offer a family of AI processors capable of handling the complete gamut of neural network workloads, on-device. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (low energy and dual mode) and Wi-Fi (802.11 a/b/g/n/ac/ax up to 4x4). Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube, Facebook and LinkedIn.
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CEVA, INC. AND ITS SUBSIDIARIES | ||
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CONSOLIDATED STATEMENTS OF INCOME – U.S. GAAP | ||
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U.S. dollars in thousands, except per share data | ||
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Quarter ended | |
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March 31, | |
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2018 |
2017 |
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Unaudited |
Unaudited |
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Revenues: |
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Licensing and related revenues |
$ 10,083 |
$ 9,535 |
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Royalties |
7,486 |
11,752 |
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Total revenues |
17,569 |
21,287 |
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Cost of revenues |
1,972 |
1,696 |
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Gross profit |
15,597 |
19,591 |
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Operating expenses: |
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Research and development, net |
12,016 |
9,873 |
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Sales and marketing |
3,176 |
2,938 |
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General and administrative |
2,954 |
2,125 |
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Amortization of intangible assets |
359 |
309 |
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Total operating expenses |
18,505 |
15,245 |
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Operating income (loss) |
(2,908) |
4,346 |
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Financial income, net |
927 |
571 |
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Income (loss) before taxes on income |
(1,981) |
4,917 |
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Income taxes |
201 |
810 |
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Net income (loss) |
$ (2,182) |
$ 4,107 |
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Basic and diluted net income (loss) per share |
( $0.10) |
$0.19 |
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Weighted-average shares used to compute net income (loss) per share (in thousands): |
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Basic |
22,148 |
21,398 |
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Diluted |
22,148 |
22,187 |
