CEVA Second Quarter 2024 Earnings: Beats Expectations

CEVA (NASDAQ:CEVA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$28.4m (up 24% from 2Q 2023).
• Net loss: US$291.0k (loss narrowed by 94% from 2Q 2023).
• US$0.012 loss per share (improved from US$0.21 loss in 2Q 2023).

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

CEVA Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 92%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 25% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its 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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