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CEVA First Quarter 2021 Earnings www.ceva-dsp.com ❝ Our first quarter results reflect a strong start for the year , with outstanding execution in licensing and royalty revenues exceeding our expectations . Gideon Wertheizer , CEO " Total Revenue Earnings Per Share $ 25.4M ( 16 ¢ ) GAAP **** 8 % Year over Year versus ( 5 ¢ ) in Q1'20 1 ¢ NON - GAAP versus 11 ¢ in Q1 '20 Quarterly Performance Overview Q1 2020 Q1 2021 Revenue Breakdown $ 25.4M $ 23.6M $ 14.5M $ 14.4M $ 11M $ 9.1M Earnings $ 2.6M $ 0.3M Total Revenue YoY Change + 8 % Licensing & Related YoY Change - 1 % Royalties YoY Change + 21 % Non - GAAP net income YoY Change - 90 % Quarterly Revenues Licensing $ 14.5M $ 14.4M $ 13.5M $ 12.4M $ 12.1M Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Royalties $ 16.1M $ 12.5M $ 11M $ 10.1M $ 9.1M Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 11 Deals Signed in the Quarter 11 base station & loT category 11 China & APAC 2 first - time CEVA customers Target Applications for Licensees Include 5G UWB Wi Fi 5G RedCap Ultra - wide Band Wi - Fi 6 Bluetooth 5 Shipment Data 341 M Units Bluetooth Royalty Revenue *** 84 % year - over - year 66M Smartphones 63M 212M Feature Phones Base Station & IoT Sensor Fusion Royalty Revenue ** 51 % year - over - year CEVA to Acquire Intrinsix Corp , Expanding its Offering to Include Full Turnkey IP Platforms INTRINSIX The closing of the acquisition is anticipated to take place during the second quarter of 2021 Fast Facts $ 116m - $ 117m $ new annual guidance , subject to the Intrinsix acquisition closing on the anticipated timeline . $ 174m cash and cash equivalent balances , marketable securities and bank deposits at the end of Q1 , debt free 412 CEVA employees worldwide as of Q1 , 346 of which are engineers NASDAQ : CEVA || visit us at investors.ceva-dsp.com