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CEVA CEVA , Inc. Announces Third Quarter 2021 Financial Results • Record total revenue of $ 32.8 million , up 31 % year - over - year • Record high licensing , NRE and related revenue contribution of $ 21.6 million , including first full quarter contribution from Intrinsix Exhibit 99.1 . Record high quarterly base station and IoT product category royalty revenues and shipments , surpassing 400 million units for the first time Non - GAAP earnings per share of $ 0.20 , up 25 % year - over - year Rockville , MD , November 9 , 2021 - CEVA , Inc. ( NASDAQ : CEVA ) , the leading licensor of wireless connectivity and smart sensing technologies and integrated IP solutions , today announced its financial results for the third quarter ended September 30 , 2021 . Total revenue for the third quarter of 2021 was $ 32.8 million , an all - time record high and a 31 % increase compared to $ 25.0 million reported for the third quarter of 2020. Third quarter 2021 licensing , non - recurring engineering ( NRE ) and related revenue was $ 21.6 million , an increase of 74 % when compared to $ 12.4 million reported for the same quarter a year ago . Royalty revenue for the third quarter of 2021 was $ 11.2 million , a decrease of 11 % when compared to $ 12.5 million reported for the third quarter of 2020 . Twenty - five IP license and NRE agreements were concluded during the quarter targeting a wide variety of smart and connected devices for the smart home , true wireless stereo ( TWS ) earbuds , medical , aerospace and defense and Industry 4.0 . Thirteen agreements were with first - time customers . Geographically , fifteen of the deals signed were in China , five in the U.S. , four in APAC , and one was in Europe . Gideon Wertheizer , CEO of CEVA , stated : “ Our excellent third quarter results and performance reflect CEVA's central role in the digital transformation era . Our leading - edge technology portfolio along with the chip design capabilities of Intrinsix offers a holistic proposition for incumbents and newcomers in the expanding semiconductor markets . 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 . It also includes a full quarter contribution from Intrinsix for the first time , with a number of important agreements signed , including with Lockheed Martin . In royalties , our base station and IoT product category continues to expand , reaching an all - time record high revenue and surpassing 400 million royalty - bearing devices in a quarter for the first time . ” 1