CEVA INC

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

CEVA$24.45-1.6%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

	Year ended December 31,
	2022	2023	2024
Cash flows from operating activities:
Net loss	$(23,183)	$(11,878)	$(8,786)
Adjustments required to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	3,190	2,887	3,046
Amortization of intangible assets	4,371	1,996	1,090
Impairment of intangible assets	3,556	—	—
Equity-based compensation	14,505	16,198	15,575
Realized loss (gain), net on sale of available-for-sale marketable securities	55	(90)	(14)
Amortization of premiums (discounts) on available-for-sale marketable securities	397	(124)	(922)
Unrealized foreign exchange (gain) loss, net	(351)	(560)	1,108
Gain on sale of Intrinsix	—	(11,557)	—
Remeasurement of marketable equity securities	2,511	2	94
Changes in operating assets and liabilities:
Trade receivables, net	(3,749)	(25)	(6,777)
Prepaid expenses and other assets	(1,126)	(4,850)	(4,751)
Operating lease right-of-use assets	(1,456)	3,305	1,167
Accrued interest on bank deposits	144	(237)	527
Deferred taxes, net	7,811	6,684	(68)
Trade payables	511	(818)	(261)
Deferred revenues	(5,493)	(27)	581
Accrued expenses and other payables	333	(182)	477
Accrued payroll and related benefits	984	(3,737)	2,664
Operating lease liability	1,504	(3,273)	(810)
Income taxes payable	2,127	67	(221)
Accrued severance pay, net	283	(112)	(248)
Net cash provided by (used in) operating activities	6,924	(6,331)	3,471
Cash flows from investing activities:
Business combination	—	(3,600)	—
Asset acquisition	—	—	(753)
Purchase of property and equipment	(3,499)	(2,884)	(2,955)
Proceeds from the sale of Intrinsix, net	—	30,589	540
Investment in bank deposits	(14,000)	(2,000)	(2,000)
Proceeds from bank deposits	30,885	6,000	10,000
Investment in available-for-sale marketable securities	(49,873)	(40,026)	(46,864)
Proceeds from maturity of available-for-sale marketable securities	18,196	10,340	29,780
Proceeds from sale of available-for-sale marketable securities	3,175	12,417	9,806
Net cash provided by (used in) investing activities	(15,116)	10,836	(2,446)
Cash flows from financing activities:
Purchase of treasury stock	(6,785)	(6,163)	(8,456)
Proceeds from exercise of stock-based awards	3,479	3,393	2,883
Net cash used in financing activities	(3,306)	(2,770)	(5,573)
Effect of exchange rate changes on cash and cash equivalents	(370)	267	(241)
Increase (decrease) in cash and cash equivalents	(11,868)	2,002	(4,789)
Cash and cash equivalents at the beginning of the year	33,153	21,285	23,287
Cash and cash equivalents at the end of the year	$21,285	$23,287	$18,498

	Year ended December 31,
	2022	2023	2024
Supplemental information of cash-flows activities:
Cash paid during the year for:
Income and withholding taxes	$10,193	$7,398	$6,261
Non-cash transactions:
Transaction costs related to the Intrinsix but unpaid at the end of the year	$—	$25	$—
Property and equipment purchases incurred but unpaid at the end of the year	$25	$—	$215
Right-of-use assets obtained in the exchange for operating lease liabilities	$5,009	$1,100	$1,324
Reconciliation of cash and cash equivalents as shown in the condensed consolidated statements of cash flow:
Cash and cash equivalents in the Consolidated Balance Sheets	$20,116	$23,287	$18,498
Cash and cash equivalents included in assets of discontinued operation	1,169	—	—
Total cash and cash equivalents in the Consolidated Statements of Cash Flows	$21,285	$23,287	$18,498

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.