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10-Q Filing

CEVA INC CIK: 1173489 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001193125-18-157506
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance ceva-20180331.xml
Filing Contents
Balance Sheet 85 line items
Line Item Tag Value Unit Period
Preferred Stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred Stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred Stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred Stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $12.62M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.40M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $21.74M USD Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short term bank deposits ShortTermBankDeposits $34.43M USD Point-in-time
Short term bank deposits ShortTermBankDeposits $33.27M USD Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $85.21M USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $82.66M USD Point-in-time
Trade receivables AccountsReceivableNetCurrent $13.90M USD Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Trade receivables AccountsReceivableNetCurrent $14.48M USD Point-in-time
Common Stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Common Stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Accrued revenues UnbilledReceivablesCurrent $2.01M USD Point-in-time
Accrued revenues UnbilledReceivablesCurrent $9.43M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $4.14M USD Point-in-time
Common Stock, shares outstanding CommonStockSharesOutstanding 22.22M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.75M USD Point-in-time
Common Stock, shares outstanding CommonStockSharesOutstanding 22.06M shares Point-in-time
Total current assets AssetsCurrent $159.08M USD Point-in-time
Treasury stock, shares TreasuryStockShares 1.37M shares Point-in-time
Total current assets AssetsCurrent $164.33M USD Point-in-time
Treasury stock, shares TreasuryStockShares 1.53M shares Point-in-time
Long term bank deposits LongTermBankDeposits $44.52M USD Point-in-time
Long term bank deposits LongTermBankDeposits $45.97M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $8.91M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $9.09M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $3.64M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $4.08M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.80M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.93M USD Point-in-time
Goodwill Goodwill $46.61M USD Point-in-time
Goodwill Goodwill $46.61M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $3.58M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.74M USD Point-in-time
Investments in other company OtherLongTermInvestments $1.81M USD Point-in-time
Investments in other company OtherLongTermInvestments $1.81M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $3.58M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $4.27M USD Point-in-time
Total long-term assets AssetsNoncurrent $117.74M USD Point-in-time
Total long-term assets AssetsNoncurrent $122.22M USD Point-in-time
Total assets Assets $286.54M USD Point-in-time
Total assets Assets $276.81M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $499.00K USD Point-in-time
Trade payables AccountsPayableTradeCurrent $392.00K USD Point-in-time
Deferred revenues DeferredRevenueCurrent $4.40M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $4.97M USD Point-in-time
Accrued expenses and other payables AccruedLiabilitiesCurrent $3.93M USD Point-in-time
Accrued expenses and other payables AccruedLiabilitiesCurrent $4.11M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $14.08M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $13.96M USD Point-in-time
Total current liabilities LiabilitiesCurrent $22.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $23.54M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $9.78M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $9.35M USD Point-in-time
Other long term liabilities OtherLiabilitiesNoncurrent $400.00K USD Point-in-time
Total long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $9.35M USD Point-in-time
Total long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $10.18M USD Point-in-time
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at March 31, 2018 (unaudited) and December 31, 2017. 22,220,608 and 22,064,007 shares outstanding at March 31, 2018 (unaudited) and December 31, 2017, respectively CommonStockValue $22.00K USD Point-in-time
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at March 31, 2018 (unaudited) and December 31, 2017. 22,220,608 and 22,064,007 shares outstanding at March 31, 2018 (unaudited) and December 31, 2017, respectively CommonStockValue $22.00K USD Point-in-time
Additional paid in-capital AdditionalPaidInCapitalCommonStock $217.42M USD Point-in-time
Additional paid in-capital AdditionalPaidInCapitalCommonStock $217.92M USD Point-in-time
Treasury stock at cost (1,374,552 and 1,531,153 shares of common stock at March 31, 2018 (unaudited) and December 31, 2017, respectively) TreasuryStockValue $24.15M USD Point-in-time
Treasury stock at cost (1,374,552 and 1,531,153 shares of common stock at March 31, 2018 (unaudited) and December 31, 2017, respectively) TreasuryStockValue $26.06M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.19M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-586.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $60.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $53.87M USD Point-in-time
Total stockholders' equity StockholdersEquity $244.67M USD Point-in-time
Total stockholders' equity StockholdersEquity $252.81M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $286.54M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $276.81M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Licensing and related revenue LicensesRevenue $10.08M USD 1 Quarter
Licensing and related revenue LicensesRevenue $9.54M USD 1 Quarter
Royalties RoyaltyRevenue $7.49M USD 1 Quarter
Royalties RoyaltyRevenue $11.75M USD 1 Quarter
Total revenues Revenues $17.57M USD 1 Quarter
Total revenues Revenues $21.29M USD 1 Quarter
Cost of revenues CostOfRevenue $1.97M USD 1 Quarter
Cost of revenues CostOfRevenue $1.70M USD 1 Quarter
Gross profit GrossProfit $19.59M USD 1 Quarter
Gross profit GrossProfit $15.60M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $12.02M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $9.87M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.94M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $3.18M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.95M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.12M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $359.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $309.00K USD 1 Quarter
Total operating expenses OperatingExpenses $18.50M USD 1 Quarter
Total operating expenses OperatingExpenses $15.24M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-2.91M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $4.35M USD 1 Quarter
Financial income, net InvestmentIncomeNet $571.00K USD 1 Quarter
Financial income, net InvestmentIncomeNet $927.00K USD 1 Quarter
Income (loss) before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.92M USD 1 Quarter
Income (loss) before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.98M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $201.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $810.00K USD 1 Quarter
Net income NetIncomeLoss $-2.18M USD 1 Quarter
Net income NetIncomeLoss $4.11M USD 1 Quarter
Basic net income (loss) per share EarningsPerShareBasic $0.19 USD 1 Quarter
Basic net income (loss) per share EarningsPerShareBasic $-0.10 USD 1 Quarter
Diluted net income (loss) per share EarningsPerShareDiluted $0.19 USD 1 Quarter
Diluted net income (loss) per share EarningsPerShareDiluted $-0.10 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.15M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 21.40M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 22.19M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 22.15M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-2.18M USD 1 Quarter
Net income (loss) NetIncomeLoss $4.11M USD 1 Quarter
Depreciation Depreciation $576.00K USD 1 Quarter
Depreciation Depreciation $443.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $359.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $309.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $2.77M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.95M USD 1 Quarter
Realized (gain) loss, net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $4.00K USD 1 Quarter
Realized (gain) loss, net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $-38.00K USD 1 Quarter
Amortization of premiums on available-for-sale marketable securities InvestmentIncomeAmortizationOfPremium $304.00K USD 1 Quarter
Amortization of premiums on available-for-sale marketable securities InvestmentIncomeAmortizationOfPremium $236.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-27.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $73.00K USD 1 Quarter
Trade receivables and accrued revenues IncreaseDecreaseInAccountsReceivableAndUnbilledReceivables $-2.37M USD 1 Quarter
Trade receivables and accrued revenues IncreaseDecreaseInAccountsReceivableAndUnbilledReceivables $-1.27M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.62M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.74M USD 1 Quarter
Accrued interest on bank deposits IncreaseDecreaseInAccruedInterestOnBankDeposits $326.00K USD 1 Quarter
Accrued interest on bank deposits IncreaseDecreaseInAccruedInterestOnBankDeposits $-114.00K USD 1 Quarter
Deferred tax, net IncreaseDecreaseInDeferredTaxNet $-355.00K USD 1 Quarter
Deferred tax, net IncreaseDecreaseInDeferredTaxNet $-355.00K USD 1 Quarter
Trade payables IncreaseDecreaseInAccountsPayableTrade $102.00K USD 1 Quarter
Trade payables IncreaseDecreaseInAccountsPayableTrade $-220.00K USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $25.00K USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $574.00K USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-780.00K USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-151.00K USD 1 Quarter
Accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $129.00K USD 1 Quarter
Accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $-63.00K USD 1 Quarter
Accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $108.00K USD 1 Quarter
Accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $267.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $6.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.78M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $455.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.44M USD 1 Quarter
Purchase and capitalization of intangible assets PaymentsToAcquireIntangibleAssets $850.00K USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $1.29M USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $21.00M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $10.50M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $1.30M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $10.70M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $9.51M USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $3.76M USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $2.24M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $2.28M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $5.93M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.76M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-14.46M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $1.46M USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $2.36M USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.06M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-397.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $2.36M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $14.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $25.00K USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-5.78M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.36M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $18.38M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $12.62M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $18.40M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $21.74M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $18.38M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $12.62M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $18.40M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $21.74M USD Point-in-time
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $1.35M USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $1.28M USD 1 Quarter
Cumulative effect of adoption of new accounting standard CumulativeEffectOnRetainedEarningsNetOfTax1 $8.55M USD 1 Quarter
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income (loss): NetIncomeLoss $-2.18M USD 1 Quarter
Net income (loss): NetIncomeLoss $4.11M USD 1 Quarter
Changes in unrealized losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-680.00K USD 1 Quarter
Changes in unrealized losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $169.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $4.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-38.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $207.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-684.00K USD 1 Quarter
Changes in unrealized gains (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $182.00K USD 1 Quarter
Changes in unrealized gains (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-24.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $146.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-19.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-5.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $36.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $243.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $-689.00K USD 1 Quarter
Income tax expense (benefit) related to components of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-87.00K USD 1 Quarter
Income tax expense (benefit) related to components of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $35.00K USD 1 Quarter
Other comprehensive income (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-602.00K USD 1 Quarter
Other comprehensive income (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $208.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-2.78M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $4.32M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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