📊 CEVA Key Takeaways
Investment Thesis
CEVA is experiencing profitability deterioration with negative operating and net margins despite strong gross margins, indicating operational inefficiency or structural challenges. Negative free cash flow and operating cash flow suggest the company is burning cash, while modest revenue growth of 2.5% YoY is insufficient to offset mounting losses.
CEVA Strengths
- Exceptional gross margin of 87.1% demonstrates strong pricing power and product value proposition
- Fortress balance sheet with zero debt and current ratio of 9.93x provides substantial liquidity cushion
- Modest revenue growth of 2.5% YoY shows market traction despite profitability challenges
CEVA Risks
- Operating losses of -11.3M and negative operating margin of -10.4% indicate unsustainable cost structure relative to revenue
- Negative free cash flow of -6.3M with -5.7% FCF margin means cash burn despite positive gross profit
- Declining profitability with net income down 21.1% YoY signals deteriorating business momentum and execution issues
Key Metrics to Watch
- Path to operating cash flow breakeven and elimination of negative FCF
- Operating margin expansion and expense control relative to revenue growth
- Sustainability of cash position given current burn rate and quarterly cash depletion trajectory
CEVA Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 9.93x current ratio provides a solid financial cushion.
CEVA Profitability Ratios
CEVA vs Technology Sector
How CEVA INC compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CEVA Balance Sheet & Liquidity
CEVA 5-Year Financial Trend
5-Year Trend Summary: CEVA INC's revenue has declined by 11% over the 5-year period, indicating business contraction. The most recent EPS of $-0.51 indicates the company is currently unprofitable.
CEVA Growth Metrics (YoY)
CEVA Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $27.2M | -$1.3M | $-0.06 |
| Q2 2025 | $25.7M | -$291.0K | $-0.01 |
| Q1 2025 | $22.1M | -$3.3M | $-0.14 |
| Q3 2024 | $24.1M | -$1.3M | $-0.06 |
| Q2 2024 | $22.9M | -$291.0K | $-0.01 |
| Q1 2024 | $22.1M | -$4.9M | $-0.21 |
| Q3 2023 | $24.1M | -$5.0M | $-0.21 |
| Q2 2023 | $26.2M | -$1.1M | $-0.05 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CEVA Capital Allocation
CEVA SEC Filings
Access official SEC EDGAR filings for CEVA INC (CIK: 0001173489)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CEVA
What is the AI rating for CEVA?
CEVA INC (CEVA) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CEVA's key strengths?
Exceptional gross margin of 87.1% demonstrates strong pricing power and product value proposition. Fortress balance sheet with zero debt and current ratio of 9.93x provides substantial liquidity cushion.
What are the risks of investing in CEVA?
Operating losses of -11.3M and negative operating margin of -10.4% indicate unsustainable cost structure relative to revenue. Negative free cash flow of -6.3M with -5.7% FCF margin means cash burn despite positive gross profit.
What is CEVA's revenue and growth?
CEVA INC reported revenue of $109.6M.
Does CEVA pay dividends?
CEVA INC does not currently pay dividends.
Where can I find CEVA SEC filings?
Official SEC filings for CEVA INC (CIK: 0001173489) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CEVA's EPS?
CEVA INC has a diluted EPS of $-0.44.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.