Ceva, inc. announces third quarter 2023 financial results

-       shipped 500 million ceva-powered devices in the quarter, up 35% sequentially and up 40% year-over-year  -       gaap and non-gaap gross margins reach 90% and 92%, respectively in the quarter, reflecting company's decision to return to pure ip licensing and royalty business model -       announces expansion of existing share repurchase program with an additional 700,000 shares -       strengthened the company's focus on ip for high-growth smart edge technologies addressing wireless communications, sensing and ai with divestiture of the intrinsix us aerospace & defense (a&d) design services business -       company to host investor day in person in new york and live via webcast on december 6 rockville, md. , nov. 8, 2023 /prnewswire/ -- ceva, inc. (nasdaq: ceva), the leading licensor of wireless connectivity and smart sensing technologies which have powered more than 16 billion devices, today announced its financial results for the third quarter ended september 30, 2023.
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