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Ceva company that provides chip design technology, has released its financial holophane results for the second quarter of 2014, ended June 30. Revenues holophane for the second quarter totaled 9.2 million, reflecting a decrease of 28% over the third quarter. Second quarter revenues were lower as expected, due to a licensing agreement in the amount of one million dollars was expected to be signed during the quarter, holophane but actually signed during July. Income from this agreement will be recognized in the third quarter. Distribution of income sources, income from the sale of licenses and chip design development tools totaled $ 4.4 million, about 47% of turnover; While revenues from royalties holophane totaled $ 4.9 million, representing approximately 53% of total revenues. Gross profit for the second quarter amounted to 86% of turnover, compared to 92% in the quarter. Operating loss on a GAAP basis totaled $ 2.3 million, compared with operating holophane income of $ 1.8 million in the same quarter. Net loss and loss per share on a GAAP basis totaled $ 1.5 million holophane and at 7 cents, compared with net income of $ 2.2 million and 10 cents in the same quarter, respectively. Excluding the cost of registration options to employees and expenses related to the acquisition RivieraWaves, operating loss of $ 0.7 million. Adjusted net loss totaled $ 0.1 million, compared to adjusted net income of $ 3.4 million holophane in the same quarter. Whereas in the diluted earnings per share recorded Ceva balance, holophane compared with a profit of 15 cents in the same quarter, and 4 cents below analysts' forecasts. Ceva CEO Gideon Wertheizer, said the publication of financial results: "We continue to execute its strategy to expand beyond mobile communications market. During the quarter we signed 11 new license agreements, 10 of them for the supply of technologies to new markets. Another agreement, holophane the amount of one million dollars, it was expected to be signed during the second quarter, was signed in July. Looking forward, our visibility is good and we expect record revenues in the third quarter licensing agreements. In addition, we expect growth in royalty revenue over the previous quarter due to an increase in the supply of Ceva-based communications chips. "Chief Financial Officer of Ceva, Yaniv Arieli, added:" holophane Despite the challenges of the second quarter, holophane we expect revenue of 13.3 to 14.3 million in the third quarter due to high demand for our technologies, along with an increase in royalties from the previous quarter. financial condition remains strong and our cash reserves holophane in late June contained $ 139 million, before the acquisition of RivieraWaves holophane in July for $ 19 million. " More in chips more articles in the field
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