20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- CEVA, Inc (NASDAQ:CEVA) reported a first-quarter FY23 revenue decline of 16% year-on-year to $28.7 million, missing the consensus of $31.6 million.
- Segments: Licensing, non-recurring engineering (NRE), and related revenue decreased 7% Y/Y to $20.7 million. Royalty revenue declined by 33% Y/Y to $8 million.
- The quarter saw 13 license agreements, including 5 with first-time customers.
- Non-GAAP EPS of $0.00 missed the consensus of $0.12.
- CEVA held $136.8 million in cash and equivalents.
- Amir Panush, Chief Executive Officer of CEVA, stated: "Our licensing business continued to show resilience in the first quarter, underpinned by strategic agreements for our 5G DSPs with a leading Android smartphone OEM and a wireless semiconductor company and for our Wi-Fi 6 platform with a global leader of Wi-Fi access points. Royalties were impacted by customer inventory adjustments and prolonged weak demand for smartphones and PCs."
- CEVA also announced the acquisition of the RealSpace 3D Spatial Audio business, technology and patents from VisiSonics Corporation. The financial terms were not disclosed.
- Based in Maryland, close to CEVA's sensor fusion R&D development center, the VisiSonics spatial audio R&D team and software extend the company's application software portfolio.
- Price Action: CEVA shares traded lower by 9.11% at $22.65 premarket on the last check Wednesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!