CEVA Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

CEVA (NASDAQ:CEVA) Full Year 2024 Results

Key Financial Results

• Revenue: US$106.9m (up 9.8% from FY 2023).
• Net loss: US$8.79m (loss narrowed by 52% from FY 2023).
• US$0.37 loss per share (improved from US$0.79 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CEVA Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 6.5%.

The primary driver behind last 12 months revenue was the China segment contributing a total revenue of US$52.7m (49% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$71.6m (70% of total expenses). Explore how CEVA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 1.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of CEVA's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.