First Quarter 2016 saw CEVA hit all-time record high total revenues, reaching $16.5 million for the quarter and non-GAAP earnings per share was 17 cents. Revenues were driven by strong licensing, particularly for our vision processor which is gaining a lot of traction recently for machine-learning applications. Royalty revenue of $7.9 million was derived from 230 million CEVA-powered devices in the quarter, including a record 35 million LTE smartphones.
Below is an infographic outlining CEVA’s technology and business footprint in the first quarter.
Richard Kingston