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.
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