- CEVA reported Q4 2018 revenue of $21.4 million, down 1% year-over-year. Licensing and royalties revenue was $10.5 million, up 17% year-over-year, while non-GAAP net income was $5.7 million, down 14% year-over-year. - For the full year 2018, CEVA reported revenue of $77.9 million, up 11% from 2017, with licensing revenue of $40.5 million. Non-GAAP earnings per share for 2018 were $0.53. - CEVA signed 49 licensing agreements in 2018 targeting markets including 5G, cellular IoT, AI, Bluetooth

1. Fourth Quarter and Year End
2018 Earningswww.ceva-dsp.com
Quarterly Performance Overview
Revenue Breakdown Earnings
Q4 2017 Q4 2018
Total
Revenue
Licensing
& Related
Royalties Non-GAAP
net income
$5.2M
YoY Change
- 1%
YoY Change
+ 17%
YoY Change
- 14%
YoYChange
- 9%
$21.6M
$9M
$12.6M*
$5.7M
$21.4M
$10.5M $10.9M
Gideon Wertheizer, CEO
“ “Our licensing business made solid progress in 2018, with forty nine
license agreements signed with customers targeting a range of
large and diversified markets, including 5G, cellular IoT, AI,
Bluetooth and Wi-Fi connectivity.
2018 Total Revenue
$77.9M
v 11% Year over Year
Q4 Total Revenue
$21.4M
v1% Year over Year
2018 Earnings Per Share
53¢NON-GAAP
Q4 Earnings Per Share
v 55% Year over Year
23¢ NON-GAAP
v 8% Year over Year
Annual Performance Overview
Royalties
Licensing
2018
$77.9M
$37.4M
$40.5M
13 Deals Signed in the Quarter
Imaging & vision
2
Connectivity Narrowband IoT (NB-IoT)
7 2
Other DSP
2
49 Deals Signed in 2018
26 Connectivity
4 Cellular IoT
8 Vision / AI
5 Other DSP
1
6 Sound / AI
Shipment Data
354M
Feature Phones
Smartphones
249M
Units
Non-handset
929M
Units
2018 Q4 2018
88M
201M 46M
374M 114M
Down 36% year over year Down 28% year over year
Down 40% year over year Down 43% year over year
Up 41% year over year Up 43% year over year
visit us at investors.ceva-dsp.comNASDAQ:CEVA ||
$168m
in cash and cash equivalent balances,
marketable securities and bank deposits,
debt free
341 CEVA employees worldwide as of Q4,
278 of which are engineers
Fast Facts
30 CEVA-powered devices were
sold every second in 2018
1
1
Q4 2018
91M
2018
u50% year-over-year
303M
units
u45% year-over-year
units
Non-handset Baseband Licensing Momentum
non-handset baseband
deals in Q4, of which
13
are first-time
customers
non-handset baseband
deals in 2018, of which
48
are first-time
customers
non-handset baseband
deals from ‘14-’18, of which
212
are first-time
customers
6 15 81
20162014 2015
$72.7M
$59.5M
$50.8M
$40.8M
$31.9M
$22.5M
$28.3M
$27.4M
$32.1M
2017
$87.5M
$44.6M
$42.9M
Bluetooth Shipments
*Q4’17 royalties included a one-time royalty catch-up of $0.9 million following an audit of a customer
$20m
returned to shareholders in 2018 via
stock repurchase of approximately
656,000 shares