2018 Q4 Form 10-Q Financial Statement

#000119312518323753 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $21.40M $21.41M $24.04M
YoY Change -0.93% -10.94% 34.73%
Cost Of Revenue $1.990M $2.006M $1.726M
YoY Change 3.65% 16.22% 21.38%
Gross Profit $19.42M $19.41M $22.32M
YoY Change -1.32% -13.04% 35.89%
Gross Profit Margin 90.75% 90.63% 92.82%
Selling, General & Admin $5.020M $5.133M $5.768M
YoY Change -19.68% -11.01% 15.8%
% of Gross Profit 25.85% 26.45% 25.84%
Research & Development $12.00M $11.90M $10.03M
YoY Change 20.36% 18.6% 36.55%
% of Gross Profit 61.79% 61.3% 44.95%
Depreciation & Amortization $1.310M $1.020M $840.0K
YoY Change 50.57% 21.43% 20.0%
% of Gross Profit 6.75% 5.26% 3.76%
Operating Expenses $17.24M $17.26M $16.11M
YoY Change 4.3% 7.12% 27.48%
Operating Profit $2.180M $2.152M $6.210M
YoY Change -30.79% -65.35% 63.94%
Interest Expense $880.0K $830.0K $820.0K
YoY Change 0.0% 1.22% 32.26%
% of Operating Profit 40.37% 38.57% 13.2%
Other Income/Expense, Net
YoY Change
Pretax Income $2.190M $2.983M $7.031M
YoY Change -45.66% -57.57% 59.69%
Income Tax -$120.0K $440.0K $1.181M
% Of Pretax Income -5.48% 14.75% 16.8%
Net Earnings $2.300M $2.543M $5.850M
YoY Change -27.22% -56.53% 72.67%
Net Earnings / Revenue 10.75% 11.88% 24.33%
Basic Earnings Per Share $0.12 $0.27
Diluted Earnings Per Share $96.88K $0.11 $0.26
COMMON SHARES
Basic Shares Outstanding 21.90M shares 22.00M 21.95M shares
Diluted Shares Outstanding 22.43M 22.68M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.73M $88.00M $97.39M
YoY Change -4.48% -9.65% 23.39%
Cash & Equivalents $22.26M $9.212M $22.93M
Short-Term Investments $77.47M $78.78M $74.46M
Other Short-Term Assets $5.300M $5.900M $4.600M
YoY Change 43.24% 28.26% 58.62%
Inventory
Prepaid Expenses
Receivables $26.16M $7.577M $12.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $177.3M $149.5M $155.8M
YoY Change 11.45% -4.07% 11.25%
LONG-TERM ASSETS
Property, Plant & Equipment $7.344M $7.979M $6.698M
YoY Change 6.04% 19.13% 38.65%
Goodwill $46.61M $46.61M $46.61M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $22.80M $49.30M $43.80M
YoY Change -54.31% 12.56% 48.47%
Other Assets $5.569M $4.938M $4.588M
YoY Change 55.6% 7.63% 5.28%
Total Long-Term Assets $99.98M $125.8M $111.3M
YoY Change -15.09% 12.94% 17.94%
TOTAL ASSETS
Total Short-Term Assets $177.3M $149.5M $155.8M
Total Long-Term Assets $99.98M $125.8M $111.3M
Total Assets $277.3M $275.3M $267.2M
YoY Change 0.16% 3.02% 13.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $1.000M $500.0K
YoY Change 50.0% 100.0% -54.55%
Accrued Expenses $4.344M $3.920M $3.070M
YoY Change 10.62% 27.69% -31.63%
Deferred Revenue $3.593M
YoY Change -18.32%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.75M $21.06M $18.47M
YoY Change -4.58% 14.06% -13.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.600M $9.800M $9.800M
YoY Change 3.23% 0.0% 15.29%
Total Long-Term Liabilities $9.632M $9.800M $9.800M
YoY Change 3.57% 0.0% 15.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.75M $21.06M $18.47M
Total Long-Term Liabilities $9.632M $9.800M $9.800M
Total Liabilities $31.38M $30.90M $28.20M
YoY Change -2.23% 9.57% -5.37%
SHAREHOLDERS EQUITY
Retained Earnings $62.85M $60.57M $51.24M
YoY Change 16.67% 18.22% 48.54%
Common Stock $223.3M $221.3M $215.6M
YoY Change 2.68% 2.65% 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.13M $36.17M $27.63M
YoY Change 50.18% 30.89% -31.59%
Treasury Stock Shares $1.807M 1.693M shares 1.624M shares
Shareholders Equity $245.9M $244.4M $239.0M
YoY Change
Total Liabilities & Shareholders Equity $277.3M $275.3M $267.2M
YoY Change 0.16% 3.02% 13.94%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $2.300M $2.543M $5.850M
YoY Change -27.22% -56.53% 72.67%
Depreciation, Depletion And Amortization $1.310M $1.020M $840.0K
YoY Change 50.57% 21.43% 20.0%
Cash From Operating Activities $4.530M $280.0K $7.150M
YoY Change -33.09% -96.08% 118.65%
INVESTING ACTIVITIES
Capital Expenditures -$410.0K -$930.0K -$1.060M
YoY Change -48.75% -12.26% -17.83%
Acquisitions
YoY Change
Other Investing Activities $12.23M $4.300M -$1.440M
YoY Change -257.4% -398.61% -77.03%
Cash From Investing Activities $11.83M $3.360M -$2.500M
YoY Change -238.04% -234.4% -66.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.270M -5.120M 1.160M
YoY Change -654.24% -541.38% -79.32%
NET CHANGE
Cash From Operating Activities 4.530M 280.0K 7.150M
Cash From Investing Activities 11.83M 3.360M -2.500M
Cash From Financing Activities -3.270M -5.120M 1.160M
Net Change In Cash 13.09M -1.480M 5.810M
YoY Change -1181.82% -125.47% 340.15%
FREE CASH FLOW
Cash From Operating Activities $4.530M $280.0K $7.150M
Capital Expenditures -$410.0K -$930.0K -$1.060M
Free Cash Flow $4.940M $1.210M $8.210M
YoY Change -34.74% -85.26% 80.04%

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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ceva Investment In Bank Deposits
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ceva Increase Decrease In Accounts Receivable And Unbilled Receivables
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ceva Increase Decrease In Accrued Salaries And Related Expenses
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ceva Increase Decrease In Accrued Severance Pay Net
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ceva Increase Decrease In Accrued Interest On Bank Deposits
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ceva Proceeds From Bank Deposits
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us-gaap Amortization Of Intangible Assets
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us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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dei Current Fiscal Year End Date
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Depreciation
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>NOTE 13: IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In January 2016, the FASB issued ASU <font style="white-space:nowrap">2016-13,</font> &#x201C;Financial Instruments &#x2013; Credit Losses on Financial Instruments,&#x201D; which requires that expected credit losses relating to financial assets measured on an amortized cost basis and <font style="white-space:nowrap"><font style="white-space:nowrap">available-for-sale</font></font> debt securities be recorded through an allowance for credit losses. ASU <font style="white-space:nowrap">2016-13</font> limits the amount of credit losses to be recognized for <font style="white-space:nowrap"><font style="white-space:nowrap">available-for-sale</font></font> debt securities to the amount by which carrying value exceeds fair value and also requires the reversal of previously recognized credit losses if fair value increases. The new standard will be effective for interim and annual periods beginning after January&#xA0;1, 2020, and early adoption is permitted. The Company is currently evaluating whether to early adopt this standard and the potential effect of such adoption on its consolidated financial statements.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In February 2016, the FASB issued ASU <font style="white-space:nowrap">2016-02,</font> &#x201C;Leases (Topic 842),&#x201D; which will replace the existing guidance in ASC 840, &#x201C;Leases.&#x201D; The updated standard aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. This ASU is effective for annual periods beginning after December&#xA0;15, 2018, and interim periods within those annual periods. The provisions of ASU <font style="white-space:nowrap">2016-02</font> are to be applied using a modified retrospective approach. In July 2018, the FASB issued ASU <font style="white-space:nowrap">No.&#xA0;2018-11,</font> &#x201C;Targeted Improvements&#x2014;Leases (Topic 842).&#x201D; This update provides an optional transition method that allows entities to elect to apply the standard prospectively at its effective date, versus recasting the prior periods presented. If elected, an entity would recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company is in the process of evaluating this guidance to determine the impact the adoption will have on its financial statements and related disclosures.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In August 2017, the FASB issued ASU <font style="white-space:nowrap">2017-12,</font> Derivatives and Hedging (Topic 815)&#x2014;Targeted Improvements to Accounting for Hedging Activities (&#x201C;ASU <font style="white-space:nowrap">2017-12&#x201D;),</font> which improves the financial reporting of hedging relationships to better portray the economic results of an entity&#x2019;s risk management activities in its financial statements and makes certain targeted improvements to simplify the qualification and application of the hedge accounting compared to current GAAP. This update is effective for fiscal years beginning after December&#xA0;15, 2018, with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU <font style="white-space:nowrap">2017-12</font> on its consolidated financial statements.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In January 2018, the FASB released guidance on the accounting for tax on the global intangible <font style="white-space:nowrap">low-taxed</font> income (&#x201C;GILTI&#x201D;) provisions of the Tax Cuts and Jobs Act (&#x201C;TCJA&#x201D;). The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. The guidance indicates that either (i)&#xA0;accounting&#xA0;for deferred taxes related to GILTI inclusions, or (ii)&#xA0;treating any taxes on GILTI inclusions as period cost, are both acceptable methods subject to an accounting policy election. In accordance with SEC Staff Accounting Bulletin No.&#xA0;118, and as the Company is not yet able to reasonably estimate the effect of the GILTI tax, as described in note 12 of the Company&#x2019;s 2017 consolidated financial statements included in the Annual Report on Form <font style="white-space:nowrap">10-K</font> for fiscal year 2017, the Company has not yet adopted an accounting policy with respect to the GILTI tax.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Effective no later than January&#xA0;1, 2019, the Company will adopt the accounting standards update that allows for reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the TCJA.&#xA0;The update, which permits early adoption, is effective for annual reporting periods beginning after December&#xA0;15, 2018, including interim periods within those annual periods.&#xA0;The Company continues to evaluate the requirements and does not expect the adoption to have a material effect on its condensed consolidated statements of financial position, operations and cash flows and on the disclosures contained in the notes to condensed consolidated financial statements.</p> </div>
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
CEVA INC
dei Entity Small Business
EntitySmallBusiness
false
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EffectOfExchangeRateOnCashAndCashEquivalents
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dei Entity Central Index Key
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
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IncreaseDecreaseInAccruedIncomeTaxesPayable
55000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Gross Profit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Earnings Per Share Basic
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EntityEmergingGrowthCompany
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dei Entity Filer Category
EntityFilerCategory
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Payments To Acquire Intangible Assets
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<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>NOTE 1: BUSINESS</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The financial information in this quarterly report includes the results of CEVA, Inc. and its subsidiaries (the &#x201C;Company&#x201D; or &#x201C;CEVA&#x201D;).</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> CEVA licenses a family of signal processing IPs, including comprehensive platforms for 5G baseband processing in handsets and base station RAN, highly integrated cellular IoT solutions <font style="white-space:nowrap">(NB-IoT</font> and <font style="white-space:nowrap">Cat-M1),</font> DSP and voice input algorithms and software for voice enabled devices, advanced imaging and computer vision, DSP platforms for any camera-enabled device, and a family of self-contained AI processors that address a wide range of applications. For short-range wireless, we offer the industry&#x2019;s most widely adopted IPs for Bluetooth (low energy and dual mode) and <font style="white-space:nowrap">Wi-Fi</font> <font style="white-space:nowrap">(Wi-Fi</font> 4 (802.11n), <font style="white-space:nowrap">Wi-Fi</font> 5 (802.11ac) and <font style="white-space:nowrap">Wi-Fi</font> 6 (802.11ax) up to 4x4) .</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> CEVA&#x2019;s technologies are licensed to leading semiconductor and original equipment manufacturer (OEM) companies. These companies design, manufacture, market and sell application-specific integrated circuits (&#x201C;ASICs&#x201D;) and application-specific standard products (&#x201C;ASSPs&#x201D;) based on CEVA&#x2019;s technology to wireless, consumer electronics and automotive companies for incorporation into a wide variety of end products.</p> </div>
us-gaap Operating Expenses
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4082000
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
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us-gaap Profit Loss
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> <b><i>Reclassification</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Certain amounts in the prior years&#x2019; financial statements have been reclassified to conform to the current year&#x2019;s presentation. These amounts are associated with trade receivables and accrued revenues. Such reclassifications have no effect on stockholders&#x2019; equity or net income as previously reported.</p> </div>
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
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ProceedsFromSaleOfAvailableForSaleSecurities
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
35756000
ceva Increase Decrease In Accrued Salaries And Related Expenses
IncreaseDecreaseInAccruedSalariesAndRelatedExpenses
1329000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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us-gaap Share Based Compensation
ShareBasedCompensation
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dei Trading Symbol
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CEVA
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22091000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
22091000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
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us-gaap Use Of Estimates
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<div> <p style="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> <b><i>Use of Estimates</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The preparation of the interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company&#x2019;s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the dates of the interim condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
ceva Increase Decrease In Accounts Receivable And Unbilled Receivables
IncreaseDecreaseInAccountsReceivableAndUnbilledReceivables
-1658000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
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2219000
ceva Increase Decrease In Deferred Tax Net
IncreaseDecreaseInDeferredTaxNet
-949000
ceva Investment In Bank Deposits
InvestmentInBankDeposits
21596000
ceva Intangible Assets Expenditures Incurred But Not Yet Paid
IntangibleAssetsExpendituresIncurredButNotYetPaid
750000
ceva Increase Decrease In Accrued Severance Pay Net
IncreaseDecreaseInAccruedSeverancePayNet
149000
ceva Increase Decrease In Accrued Interest On Bank Deposits
IncreaseDecreaseInAccruedInterestOnBankDeposits
643000
ceva Proceeds From Bank Deposits
ProceedsFromBankDeposits
22065000
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsGrantsInPeriod
0 shares
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Exercises In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsExercisesInPeriod
19474 shares
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsForfeituresInPeriod
2128 shares
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Exercisable Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsExercisableWeightedAverageRemainingContractualTerms
P4Y2M12D
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingWeightedAverageRemainingContractualTerms
P4Y6M
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Grant In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsGrantInPeriodWeightedAverageExercisePrice
0
ceva Share Based Compensation Arrangements By Share Based Payment Award Options And Stock Appreciation Rights Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndStockAppreciationRightsExercisesInPeriodWeightedAverageExercisePrice
16.22
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
20.50
CY2017 ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingWeightedAverageRemainingContractualTerms
P5Y2M12D
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
309000
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2017Q3 us-gaap Available For Sale Securities Gross Realized Gains
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8000
CY2017Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
1000
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5927000
CY2017Q3 us-gaap Cost Of Revenue
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1726000
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2017Q3 us-gaap Gross Profit
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22318000
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2711000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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7031000
CY2017Q3 us-gaap Income Tax Expense Benefit
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1181000
CY2017Q3 us-gaap Investment Income Net
InvestmentIncomeNet
821000
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
737000 shares
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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96000
CY2017Q3 us-gaap Operating Expenses
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16108000
CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
89000
CY2017Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
79000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
7000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-2000
CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
12000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
5850000
CY2017Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
89000
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
77000
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-2000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6210000
CY2017Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
2000
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3057000
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24044000
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10031000
CY2017Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22683000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21946000 shares
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
225000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2467000
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
136113 shares
CY2018Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
32000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2676000
CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
2006000
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2018Q3 us-gaap Gross Profit
GrossProfit
19407000
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2406000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2983000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
440000
CY2018Q3 us-gaap Investment Income Net
InvestmentIncomeNet
831000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
431000 shares
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
16000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
17255000
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
48000
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
46000
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-32000
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-63000
CY2018Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
2543000
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
132000
CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
84000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
133000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
21000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2152000
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14528000
CY2018Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-87000
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2727000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21413000
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11897000
CY2018Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
216156 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22428000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21997000 shares
CY2018Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
29.18
CY2018Q3 ceva Treasury Stock Value Acquired Weighted Average Method
TreasuryStockValueAcquiredWeightedAverageMethod
6308000

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