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CEVA Third Quarter 2021 Earnings www.ceva-dsp.com ❝ Our excellent third quarter results and performance reflect CEVA's central role in the digital transformation era . Our IP licensing continues to be very strong , with a growing number of deals for our Bluebud wireless audio platform and Wi - Fi 6 products . Gideon Wertheizer , CEO , Total Revenue Earnings Per Share $ 32.8M ( 1 ¢ ) GAAP **** 31 % Year over Year versus ( 34 ) in Q3 '20 20 ¢ NON - GAAP versus 16 ¢ in Q3 '20 Quarterly Performance Overview Q3 2020 Q3 2021 Revenue Breakdown $ 12.4M $ 21.6M $ 12.5M $ 11.2M Earnings Operating Profit $ 4.7M $ 3.6M $ 1.7M $ 0.0M Licensing , NRE & Related Royalties Non - GAAP net income YoY Change + 74 % YoY Change - 11 % YoY Change + 29 % Quarterly Revenues Licensing , NRE & Related GAAP operating profit YoY Change 85X * $ 21.6M $ 15.5M $ 14.4M $ 12.4M $ 12.1M Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Royalties $ 16.1M $ 14.9M $ 12.5M $ 11M $ 11.2M Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 25 Deals Signed in the Quarter * LO 5 1 19 14 wireless connectivity 11 13 smart sensing first - time CEVA customers Target Applications for Licensees Include P9 Wi Fi * TWS Earbuds Smart Home Wi - Fi 6 Bluetooth 5 Shipment Data * * 405M 291M Bluetooth 438M Units Base Station & loT 35M Wi - Fi 33M Handsets * 26M Cellular loT 53M Other Fast Facts 5G 2.9m 5G smartphones & modems powered by CEVA shipped in 2021 $ 145m cash and cash equivalent balances , marketable securities and bank deposits at the end of Q3 , debt free * 485 CEVA employees worldwide as of Q3 , 403 of which are engineers * indicates all - time record high NASDAQ : CEVA || visit us at investors.ceva-dsp.com