CEVA Beats Q3 Backed by Edge Tech, Intrinsix Chip Design

CEVA Beats Q3 Backed by Edge Tech, Intrinsix Chip Design
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 18, 2021. Brendan McDermid/Reuters
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CEVA Inc (CEVA) reported third-quarter FY21 revenue growth of 31 percent year-on-year to $32.8 million, beating the consensus of $31.2 million.

Segments

Licensing, non-recurring engineering (NRE), and related revenue increased 74 percent Y/Y to $21.6 million. Royalty revenue declined 11 percent Y/Y to $11.2 million.

The Q3 saw 25 license agreements, including 13 with first-time customers.