2020 Q4 Form 10-Q Financial Statement

#000143774920022998 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $28.15M $24.96M $23.47M
YoY Change -0.57% 6.34% 9.61%
Cost Of Revenue $2.490M $2.503M $2.767M
YoY Change -11.7% -9.54% 37.94%
Gross Profit $25.66M $22.46M $20.70M
YoY Change 0.67% 8.47% 6.68%
Gross Profit Margin 91.15% 89.97% 88.21%
Selling, General & Admin $6.360M $6.277M $6.341M
YoY Change -9.66% -1.01% 23.53%
% of Gross Profit 24.79% 27.95% 30.63%
Research & Development $16.32M $15.60M $13.87M
YoY Change 14.53% 12.47% 16.61%
% of Gross Profit 63.6% 69.48% 67.01%
Depreciation & Amortization $1.480M $1.420M $1.660M
YoY Change -6.92% -14.46% 62.75%
% of Gross Profit 5.77% 6.32% 8.02%
Operating Expenses $23.25M $22.46M $20.97M
YoY Change 5.54% 7.08% 21.54%
Operating Profit $2.410M $2.000K -$267.0K
YoY Change -30.35% -100.75% -112.41%
Interest Expense $600.0K $1.020M $600.0K
YoY Change -39.39% 70.0% -27.71%
% of Operating Profit 24.9% 51000.0%
Other Income/Expense, Net
YoY Change
Pretax Income $3.000M $1.022M $336.0K
YoY Change -32.58% 204.17% -88.74%
Income Tax $2.370M $1.761M -$439.0K
% Of Pretax Income 79.0% 172.31% -130.65%
Net Earnings $640.0K -$739.0K $775.0K
YoY Change -79.08% -195.35% -69.52%
Net Earnings / Revenue 2.27% -2.96% 3.3%
Basic Earnings Per Share -$0.03 $0.04
Diluted Earnings Per Share $29.14K -$0.03 $0.03
COMMON SHARES
Basic Shares Outstanding 22.25M 22.16M 21.95M
Diluted Shares Outstanding 22.16M 22.40M

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.9M $100.6M $85.31M
YoY Change 25.35% 17.89% -3.05%
Cash & Equivalents $21.14M $22.07M $14.85M
Short-Term Investments $88.75M $78.51M $70.46M
Other Short-Term Assets $6.200M $6.900M $5.700M
YoY Change 8.77% 21.05% -3.39%
Inventory
Prepaid Expenses
Receivables $31.22M $28.98M $26.81M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $167.6M $177.6M $174.8M
YoY Change -6.16% 1.6% 16.93%
LONG-TERM ASSETS
Property, Plant & Equipment $7.586M $8.084M $7.891M
YoY Change -3.72% 2.45% -1.1%
Goodwill $51.07M $51.07M $51.07M
YoY Change 0.0% 0.0% 9.56%
Intangibles
YoY Change
Long-Term Investments $30.50M $12.30M $6.300M
YoY Change 384.13% 95.24% -87.22%
Other Assets $9.023M $8.254M $5.235M
YoY Change 9.5% 57.67% 6.01%
Total Long-Term Assets $139.4M $124.0M $119.1M
YoY Change 17.66% 4.06% -5.27%
TOTAL ASSETS
Total Short-Term Assets $167.6M $177.6M $174.8M
Total Long-Term Assets $139.4M $124.0M $119.1M
Total Assets $307.0M $301.6M $293.9M
YoY Change 3.34% 2.6% 6.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $900.0K $900.0K $1.300M
YoY Change 28.57% -30.77% 30.0%
Accrued Expenses $3.843M $3.756M $4.003M
YoY Change 2.53% -6.17% 2.12%
Deferred Revenue $2.434M $2.777M $4.766M
YoY Change -33.17% -41.73%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.18M $25.89M $25.69M
YoY Change 6.83% 0.77% 21.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.90M $19.10M $18.90M
YoY Change -8.21% 1.06% 92.86%
Total Long-Term Liabilities $17.88M $19.10M $18.87M
YoY Change -8.23% 1.22% 92.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.18M $25.89M $25.69M
Total Long-Term Liabilities $17.88M $19.10M $18.87M
Total Liabilities $46.06M $44.99M $44.57M
YoY Change 0.43% 0.96% 44.22%
SHAREHOLDERS EQUITY
Retained Earnings $57.35M $56.91M $59.37M
YoY Change -8.13% -4.14% -1.98%
Common Stock $233.2M $230.1M $225.5M
YoY Change 2.27% 2.02% 1.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.13M $30.75M $35.49M
YoY Change -23.5% -13.35% -1.87%
Treasury Stock Shares $1.334M $1.362M $1.611M
Shareholders Equity $260.9M $256.6M $249.4M
YoY Change
Total Liabilities & Shareholders Equity $307.0M $301.6M $293.9M
YoY Change 3.34% 2.6% 6.78%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $640.0K -$739.0K $775.0K
YoY Change -79.08% -195.35% -69.52%
Depreciation, Depletion And Amortization $1.480M $1.420M $1.660M
YoY Change -6.92% -14.46% 62.75%
Cash From Operating Activities $6.820M -$4.280M $3.060M
YoY Change 27.48% -239.87% 992.86%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$1.160M -$11.45M
YoY Change -120.3% -89.87% 1131.18%
Acquisitions
YoY Change
Other Investing Activities -$7.480M -$4.160M -$2.510M
YoY Change -254.23% 65.74% -158.37%
Cash From Investing Activities -$7.880M -$5.320M -$13.96M
YoY Change -215.37% -61.89% -515.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -200.0K 1.450M 1.280M
YoY Change -95.31% 13.28% -125.0%
NET CHANGE
Cash From Operating Activities 6.820M -4.280M 3.060M
Cash From Investing Activities -7.880M -5.320M -13.96M
Cash From Financing Activities -200.0K 1.450M 1.280M
Net Change In Cash -1.260M -8.150M -9.620M
YoY Change -115.91% -15.28% 550.0%
FREE CASH FLOW
Cash From Operating Activities $6.820M -$4.280M $3.060M
Capital Expenditures -$400.0K -$1.160M -$11.45M
Free Cash Flow $7.220M -$3.120M $14.51M
YoY Change 113.61% -121.5% 1099.17%

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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Treasury Stock Value Acquired Cost Method
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CY2019Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Investment Income Amortization Of Premium
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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ceva Increase Decrease In Accounts Receivable And Unbilled Receivables
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ceva Increase Decrease In Accounts Receivable And Unbilled Receivables
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ceva Changes In Operating Assets And Liabilities Operating Lease Right Of Use Assets
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ceva Increase Decrease In Accrued Interest On Bank Deposits
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ceva Increase Decrease In Accrued Interest On Bank Deposits
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ceva Increase Decrease In Deferred Tax Net
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ceva Increase Decrease In Accrued Salaries And Related Expenses
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202000 USD
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247000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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ceva Increase Decrease In Accrued Severance Pay Net
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25000 USD
ceva Increase Decrease In Accrued Severance Pay Net
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60000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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ceva Investment In Bank Deposits
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20393000 USD
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InvestmentInBankDeposits
13346000 USD
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ceva Proceeds From Bank Deposits
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us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
32000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Nature Of Operations
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<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 54pt;"> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>NOTE <em style="font: inherit;">1:</em></b></p> </td><td> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>BUSINESS </b></p> </td></tr> </tbody></table> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The financial information in this quarterly report includes the results of CEVA, Inc. and its subsidiaries (the “Company” or “CEVA”).</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">CEVA licenses a family of signal processing IPs in <em style="font: inherit;">two</em> types of categories: wireless connectivity and smart sensing products. These products include comprehensive DSP-based platforms for <em style="font: inherit;">5G</em> baseband processing in mobile and infrastructure, advanced imaging and computer vision for any camera-enabled device and audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For sensor fusion, CEVA’s Hillcrest Labs sensor processing technologies and SensPro™ sensor hub DSP provide a broad range of sensor fusion processing, software and IMU solutions for AR/VR, robotics, remote controls, and IoT. For artificial intelligence, CEVA offers a family of AI processors capable of handling the complete gamut of neural network workload and on-device. For wireless IoT, CEVA offers the industry’s most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi <em style="font: inherit;">4/5/6</em> (<em style="font: inherit;">802.11n/ac/ax</em>) and NB-IoT.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">CEVA’s technologies are licensed to leading semiconductor and original equipment manufacturer (OEM) companies. These companies design, manufacture, market and sell application-specific integrated circuits (“ASICs”) and application-specific standard products (“ASSPs”) based on CEVA’s technology to wireless, consumer electronics and automotive companies for incorporation into a wide variety of end products.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">Subsequent to CEVA’s acquisition of the business of Hillcrest Laboratories, Inc. (“Hillcrest Labs”) located in Rockville, Maryland, CEVA has extended such business into industrial, robotics and automotive spaces, and is developing new products that combine Hillcrest Labs’ sensor processing with CEVA’s other sensing and connectivity technologies to offer complete contextual computing solutions. Hillcrest Labs’ core technologies and research and development team play a pivotal role in these initiatives and CEVA’s future technological developments. As a result, CEVA has determined to make its Maryland office the U.S. headquarters, effective immediately.</p>
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b><i>Use of </i></b><b><i>E</i></b><b><i>stimates </i></b></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">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’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>
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CY2020Q3 us-gaap Revenue Remaining Performance Obligation
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CY2020Q3 us-gaap Revenue Remaining Performance Obligation
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
23471000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
58840000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
23471000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
226000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3541000 USD
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P6Y11M19D
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Payments
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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881000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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2171000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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1861000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1500000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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1149000 USD
CY2020Q3 ceva Lessee Operating Lease Liability To Be Paid Year Five And Thereafter
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
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11870000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2020Q3 us-gaap Operating Lease Liability
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10465000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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12486000 USD
CY2020Q3 ceva Available For Sale Matures Within One Year Gross Unrealized Gains
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72000 USD
CY2020Q3 ceva Available For Sale Matures Within One Year Gross Unrealized Loss
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CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
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CY2020Q3 ceva Available For Sale Matures After One Year Through Five Years Gross Unrealized Gains
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610000 USD
CY2020Q3 ceva Available For Sale Matures After One Year Through Five Years Gross Unrealized Loss
AvailableForSaleMaturesAfterOneYearThroughFiveYearsGrossUnrealizedLoss
268000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
65948000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
682000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
268000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
78506000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
18224000 USD
CY2019Q4 ceva Available For Sale Matures Within One Year Gross Unrealized Gains
AvailableForSaleMaturesWithinOneYearGrossUnrealizedGains
16000 USD
CY2019Q4 ceva Available For Sale Matures Within One Year Gross Unrealized Loss
AvailableForSaleMaturesWithinOneYearGrossUnrealizedLoss
11000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
18229000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
46593000 USD
CY2019Q4 ceva Available For Sale Matures After One Year Through Five Years Gross Unrealized Gains
AvailableForSaleMaturesAfterOneYearThroughFiveYearsGrossUnrealizedGains
168000 USD
CY2019Q4 ceva Available For Sale Matures After One Year Through Five Years Gross Unrealized Loss
AvailableForSaleMaturesAfterOneYearThroughFiveYearsGrossUnrealizedLoss
123000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
46638000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
64817000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
184000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
134000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
64867000 USD
CY2020Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
34352000 USD
CY2020Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
233000 USD
CY2020Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
4559000 USD
CY2020Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
35000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
22852000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
102000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
14231000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
4000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
1000 USD
CY2020Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0 USD
CY2019Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
1000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
19000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
39000 USD
CY2020Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
-0 USD
CY2019Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
4000 USD
CY2020Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
26000 USD
CY2019Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
56000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21250000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9769000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11481000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21250000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7826000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13424000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
645000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2582000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2581000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1906000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1852000 USD
CY2020Q3 ceva Finitelived Intangible Asset Expected Amortization Year Five And Thereafter
FinitelivedIntangibleAssetExpectedAmortizationYearFiveAndThereafter
1915000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11481000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
72181000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
58840000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24960000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
23471000 USD
us-gaap Net Income Loss
NetIncomeLoss
-3014000 USD
us-gaap Net Income Loss
NetIncomeLoss
-3034000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-739000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
775000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22059000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21936000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22163000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21953000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
451000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22059000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21936000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22163000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22404000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1162650
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
105901
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1385525
CY2020Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
700000
CY2020Q3 ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingNumber
308252
CY2019Q4 ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingNumber
642253
CY2019Q4 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Outstanding Weightedaverage Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingWeightedaverageExercisePrice
20.14
CY2019 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingWeightedAverageRemainingContractualTerm
P3Y6M
CY2019Q4 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsAggregateIntrinsicValueOutstanding
4718000 USD
ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsGrantsInPeriod
0
ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Exercised In Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsExercisedInPeriod
333980
ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Exercised Weightedaverage Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsExercisedWeightedaverageExercisePrice
18.42
ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Forfeited Or Expired In Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsForfeitedOrExpiredInPeriod
21
ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Forfeited Or Expired Weightedaverage Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsForfeitedOrExpiredWeightedaverageExercisePrice
16.20
CY2020Q3 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Outstanding Weightedaverage Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingWeightedaverageExercisePrice
22.02
ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingWeightedAverageRemainingContractualTerm
P3Y8M12D
CY2020Q3 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsAggregateIntrinsicValueOutstanding
5349000 USD
CY2020Q3 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Exercisable Number
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsExercisableNumber
298752
CY2020Q3 ceva Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsExercisableWeightedAverageExercisePrice
21.74
ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Execisable Weighted Average Remaining Contractual Terms
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsExecisableWeightedAverageRemainingContractualTerms
P3Y7M6D
CY2020Q3 ceva Sharebased Compensation Arrangement By Sharebased Payment Award Options And Stock Appreciation Rights Aggregate Intrinsic Value Exercisable
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndStockAppreciationRightsAggregateIntrinsicValueExercisable
5266000 USD
CY2019Q2 ceva Projected Revenue Goal
ProjectedRevenueGoal
41000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10070000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7847000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3546000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2752000 USD
CY2020Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
5000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
5500000 USD
CY2020Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
26000 USD
CY2019Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
56000 USD
CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
352000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
514000 USD
CY2019Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
117000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
304000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
202392
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
23.62
ceva Treasury Stock Value Acquired Weighted Average Method
TreasuryStockValueAcquiredWeightedAverageMethod
4780000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
194316
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
25.01
ceva Treasury Stock Value Acquired Weighted Average Method
TreasuryStockValueAcquiredWeightedAverageMethod
4861000 USD
CY2020Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
497608

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