CEVA, Inc. Announces Third Quarter 2024 Financial Results and Expansion of Share Repurchase Program

CEVA, Inc. (NASDAQ: CEVA) released its financial results for the third quarter ended September 30, 2024. The company disclosed both GAAP and non-GAAP figures, including gross margin, operating income, net income, and diluted earnings per share for the specified period. The press release and associated script detailed non-GAAP figures excluding certain expenses like equity-based compensation and acquisition-related costs, aiming to offer investors a more comprehensive analysis of the company’s core operating results and comparing quarterly performance.

Alongside financial results, CEVA, Inc. revealed an expansion of its share repurchase program on November 7, 2024. This move was highlighted in a separate press release issued on the same day. The purpose of the expansion was not only to enhance shareholder value but also to demonstrate the company’s confidence in its long-term growth potential.

The announcement related to the share repurchase program and the financial results detailed in the press release and script are available as part of the 8-K filing with the Securities and Exchange Commission. These documents provide investors with essential information regarding CEVA, Inc.’s performance and strategic decisions through the third quarter of 2024.

Investors and stakeholders are advised to review the financial measures reconciliation in the provided documents in conjunction with the GAAP results for a comprehensive understanding of CEVA, Inc.’s operations, success factors, and future prospects. The figures disclosed in the non-GAAP reconciliation supplement the GAAP results, aiding in a more detailed and insightful analysis of the company’s financial performance over the specified periods.

The documents attached to CEVA, Inc.’s 8-K filing should be considered as crucial resources for shareholders and potential investors seeking a closer look at the company’s financial standing, strategic initiatives, and operational progress going forward.

This correspondence, including the details of the financial results and share repurchase program expansion, is part of CEVA, Inc.’s obligations for regulatory compliance and transparent communication with the investment community and relevant stakeholders.

Please visit CEVA, Inc.’s official website for further details and updates on their latest financial developments and corporate announcements.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CEVA’s 8K filing here.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.