UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 5, 2015
CEVA, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-49842 |
77-0556376 | |
(Commission File Number) | (I.R.S. Employer Identification No.) | |
1174 Castro Street, Suite 210, Mountain View, CA |
94040 | |
(Address of Principal Executive Offices) | (Zip Code) |
(650) 417-7900
(Registrants Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On October 5, 2015, CEVA, Inc. (the Company) announced certain financial results relating to revenues and earnings per share for the quarter ended September 30, 2015. A copy of the press release, dated October 5, 2015, is attached and filed herewith as Exhibit 99.1. This information, including Exhibit 99.1 attached hereto, shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference to such filing.
ITEM 7.01. REGULATION FD DISCLOSURE
The disclosure in Item 2.02 above is incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Press Release of CEVA, Inc., dated October 5, 2015. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CEVA, INC. | ||||||
Date: October 5, 2015 | By: | /s/ Yaniv Arieli | ||||
Yaniv Arieli | ||||||
Chief Financial Officer |
Exhibit 99.1
CEVA, Inc. Announces All-Time High Revenues for the Third Quarter and Schedules Third Quarter 2015 Earnings Release and Conference Call
MOUNTAIN VIEW, Calif., October 05, 2015 - CEVA, Inc. (NASDAQ: CEVA), the leading licensor of DSP and IP platforms for cellular, multimedia and connectivity, today announced that its revenues for the third quarter of 2015 are approximately $16.2 million, an all-time high, and above the high end of the Companys previously issued revenue guidance of $15 to $16 million. Earnings per share exceed the previously stated guidance range of 7-9 cents on a GAAP basis and 14-16 cents on a non-GAAP basis due to a combination of higher revenues and lower than expected operating expenditures for the quarter. Robust licensing demand across the CEVA technology portfolio and acceleration of shipments of LTE based smartphones powered by CEVA DSPs are driving this record high revenue.
The company will release its full third quarter 2015 results on November 2, 2015 before the NASDAQ market opens. Following the release, CEVA management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.
The conference call will be available via the following dial in numbers:
| U.S. Participants: Dial 1-866-364-3869 (Access Code: CEVA) |
| International Participants: Dial +1-412-902-4215 (Access Code: CEVA) |
The conference call will also be available live via the Internet at the following link: https://www.webcaster4.com/Webcast/Page/984/10882. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.
For those who cannot access the live broadcast, a replay will be available by dialing 1-877-344-7529 or +1-412-317-0088 (access code: 10073703) from one hour after the end of the call until 9:30 a.m. (Eastern Time) on November 15, 2015. The replay will also be available at CEVAs web site www.ceva-dsp.com.
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About CEVA, Inc.
CEVA is the leading licensor of cellular, multimedia and connectivity technologies to semiconductor companies and OEMs serving the mobile, consumer, automotive and IoT markets. Our DSP IP portfolio includes comprehensive platforms for multimode 2G/3G/LTE/LTE-A baseband processing in terminals and infrastructure, computer vision and computational photography for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industrys most widely adopted IPs for Bluetooth (Smart and Smart Ready), Wi-Fi (802.11 a/b/g/n/ac up to 4x4) and serial storage (SATA and SAS). One in every three phones sold worldwide is powered by CEVA, from many of the worlds leading OEMs including Samsung, Huawei, Xiaomi, Lenovo, HTC, LG, Coolpad, ZTE, Micromax and Meizu. Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube and LinkedIn.
For More Information Contact:
Yaniv Arieli CEVA, Inc. CFO +1.650.417.7941 yaniv.arieli@ceva-dsp.com |
Richard Kingston CEVA, Inc. VP Market Intelligence, Investor & Public Relations +1.650.417.7976 richard.kingston@ceva-dsp.com |
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