Ceva, Inc. Announces Second Quarter 2024 Financial Results

 


Three months ended

Six months ended


June 30,

June 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited

GAAP Operating loss

$  (35)

$  (5,343)

$  (4,995)

$  (7,963)

Equity-based compensation expense included in cost of revenues

191

214

394

420

Equity-based compensation expense included in research and development expenses

2,438

2,344

4,445

4,446

Equity-based compensation expense included in sales and marketing expenses

451

449

816

827

Equity-based compensation expense included in general and administrative expenses

820

903

1,816

1,769

Amortization of intangible assets related to acquisition of businesses

278

251

556

475

Costs associated with business and asset acquisitions

252

95

532

95

Total non-GAAP Operating Income (Loss)

$  4,395

$  (1,087)

$  3,564

$  69

 


Three months ended

Six months ended


June 30,

June 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited






GAAP Gross Profit

$  25,504

$  19,398

$  45,073

$  42,152

GAAP Gross Margin

90 %

85 %

89 %

86 %






Equity-based compensation expense included in cost of revenues

191

214

394

420

Amortization of intangible assets related to acquisition of businesses

129

109

257

179

Total Non-GAAP Gross profit

25,824

19,721

45,724

42,751

Non-GAAP Gross Margin

91 %

86 %

91 %

87 %







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