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CEVA CEVA , Inc. Announces Second Quarter 2021 Financial Results Exhibit 99.1 All - time record high total revenue of $ 30.5 million , up 29 % year - over - year All - time record high shipments of Bluetooth , Wi - Fi and cellular IoT devices indicative of Company's continued momentum and leadership in wireless connectivity Rockville , MD , August 9 , 2021 - CEVA , Inc. ( NASDAQ : CEVA ) , the leading licensor of wireless connectivity and smart sensing technologies , today announced its financial results for the second quarter ended June 30 , 2021 . Total revenue for the second quarter of 2021 was an all - time record high $ 30.5 million , a 29 % increase compared to $ 23.6 million reported for the second quarter of 2020. Second quarter 2021 licensing , non - recurring engineering ( NRE ) and related revenue was $ 15.5 million , an increase of 15 % when compared to $ 13.5 million reported for the same quarter a year ago . Royalty revenue for the second quarter of 2021 was $ 14.9 million , an increase of 48 % when compared to $ 10.1 million reported for the second quarter of 2020. Royalty revenue included a payment of $ 3.3 million upon the resolution of a disagreement on royalties for past shipments . Seventeen license agreements were concluded during the quarter , out of which six were with first time customers . Customers ' target applications and devices include True Wireless Stereo ( TWS ) earbuds , 5G smartphones , surveillance equipment , Wi - Fi 6 and 5G for telecom , enterprise and industrial markets , and a range of applications for IoT , consumer and medical . Geographically , nine of the deals signed were in China , two were elsewhere in the Asia - Pacific Region , five were in the U.S , and one was in Europe . Gideon Wertheizer , CEO of CEVA , stated : “ Our performance in the second quarter was exceptional , both in terms of financial metrics , with all - time high revenue , and in terms of market traction , where our IP portfolio continues to attract customers who rely on us to streamline and expedite their IoT and 5G strategies . With the acquisition of Intrinsix in the quarter , we are expanding our market reach to the large aerospace & defense space and enriching our business model , offering key customers optimized solutions that take advantage of our differentiated IP and competencies in RF , mixed - signal and security IP solutions . Our royalty mix continues to show strength in the base station and IoT category , with 5G base station radio access networks ( RAN ) returning to growth in the quarter and record shipments of Bluetooth , Wi - Fi and cellular IoT devices . " GAAP net income for the second quarter of 2021 was $ 0.3 million , as compared to a net loss of $ 1.1 million reported for the same period in 2020. GAAP diluted earnings per share for the second quarter of 2021 was $ 0.01 , as compared to a GAAP diluted loss per share of ( $ 0.05 ) for the same period in 2020 . 1