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Wireless

Ceva profit almost flat as revenues dip 3% in Q1

Monday 6 May 2019 | 16:03 CET | News
Ceva said revenues for the first quarter fell 3 percent from the year before to USD 17.0 million, with Licensing up 9 percent to USD 11.0 million and Royalty down 20 percent to USD 6.0 million. The net loss widened somewhat to USD 2.3 million from a loss of 2.2 million, with the diluted loss per share flat at USD 0.10. CEO Gideon Wertheizer said royalty revenue suffered from excess channel inventory but that royalties from the company's non-handset baseband customer base grew 22 percent.

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Categories: Mobile & Wireless
Countries: World
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