CEVA Reports Financial Condition & Operations in New 8-K Filing
Ticker: CEVA · Form: 8-K · Filed: Feb 14, 2024 · CIK: 1173489
Sentiment: neutral
Topics: earnings, financial-report, regulatory-filing
TL;DR
**CEVA filed an 8-K today, signaling an update on their financial results and operational status.**
AI Summary
CEVA, INC. filed an 8-K Current Report on February 14, 2024. This filing indicates the company is reporting on its results of operations and financial condition. It also includes financial statements and exhibits, providing an update on the company's financial performance.
Why It Matters
This 8-K filing provides investors with an update on CEVA, Inc.'s financial condition and operational results, offering crucial insights that can impact investment decisions and market perception.
Risk Assessment
Risk Level: medium — This 8-K reports on CEVA's results of operations and financial condition, which are key indicators that can significantly impact investor sentiment and stock performance.
Key Players & Entities
- CEVA, INC. (company) — Registrant
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION (company) — Regulator
FAQ
What company filed this 8-K?
CEVA, INC. filed this 8-K.
What is the earliest event reported date in this filing?
The earliest event reported date is February 14, 2024.
What is the primary purpose of this 8-K filing according to the item information?
The primary purpose is to report on Results of Operations and Financial Condition, and Financial Statements and Exhibits.
What is CEVA, Inc.'s state of incorporation?
CEVA, Inc.'s state of incorporation is Delaware.
What is the Commission File Number for CEVA, Inc. as stated in the filing?
The Commission File Number for CEVA, Inc. is 000-49842.
Filing Stats: 1,249 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-02-14 09:15:14
Key Financial Figures
- $0.001 — ge on which registered Common Stock , $0.001 par value CEVA The NASDAQ Stock Mark
Filing Documents
- ceva20240211_8k.htm (8-K) — 35KB
- ex_625426.htm (EX-99.1) — 365KB
- ex_625427.htm (EX-99.2) — 70KB
- cevalogo.jpg (GRAPHIC) — 13KB
- cevalogosmall.jpg (GRAPHIC) — 6KB
- 0001437749-24-004004.txt ( ) — 665KB
- ceva-20240214.xsd (EX-101.SCH) — 3KB
- ceva-20240214_def.xml (EX-101.DEF) — 11KB
- ceva-20240214_lab.xml (EX-101.LAB) — 15KB
- ceva-20240214_pre.xml (EX-101.PRE) — 11KB
- ceva20240211_8k_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 14, 2024, C EVA , Inc. (the "Company") announced its financial results for the quarter and year ended December 31, 2023. A copy of the press release, dated February 14, 2024, is attached and filed herewith as Exhibit 99.1. On the same day, the Company will hold a conference call to discuss its financial results for the fourth quarter and year ended December 31, 2023. A copy of the script of the conference call is attached hereto as Exhibit 99.2. This information, including Exhibits 99.1 and 99.2 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they 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. In addition to the disclosure of financial results for the quarter and year ended December 31, 2023 and 2022 in accordance with generally accepted accounting principles in the United States ("GAAP"), the press release and script also included non-GAAP gross margin, operating income, net income and diluted earnings per share ("EPS") figures for the referenced periods. Non-GAAP gross margin for (1) the fourth quarter of 2023 excluded: (a) equity-based compensation expenses and (b) amortization of acquired intangibles and (2) the fourth quarter of 2022 excluded (i) equity-based compensation expenses and (ii) amortization of acquired intangibles. Non-GAAP operating income for (1) the fourth quarter of 2023 excluded (a) equity-based compensation expenses, (b) the impact of the amortization of acquired intangibles and (c) costs associated with business acquisitions and (2) the fourth quarter of 2022 excluded (i) equity-based compensation expenses, (ii) the impact of the amortization of acquired intangibles, (iii) impairment cost associated with the closing of an office and (iv) retirement expenses for executives. Non-GAAP n
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Earnings release of C EVA , Inc., dated February 14, 2024 99.2 Script of the conference call of C EVA , Inc., dated February 14, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Signature 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: February 14, 2024 By: /s/ Yaniv Arieli Name: Yaniv Arieli Title: Chief Financial Officer