CEVA, Inc. (NASDAQ:CEVA) Q1 2023 Results Conference Call May 10, 2023 8:30 AM ET

Company Participants

Richard Kingston - Vice President, Market Intelligence and Investor Relations

Amir Panush - Chief Executive Officer

Yaniv Arieli - Chief Financial Officer

Conference Call Participants

Matt Ramsay - TD Cowen

Kevin Cassidy - Rosenblatt Securities

Martin Yang - Oppenheimer

Suji Desilva - ROTH MKM

Chris Reimer - Barclays

David O'Connor - Exane BNP Paribas

Operator

Good day, and welcome to the CEVA, Inc., First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note today's event is being recorded.

I would now like to turn the conference over to Richard Kingston, Vice President of Market Intelligence, Investor and Public Relations. Please go ahead, sir.

Richard Kingston

Thanks Rocco. Good morning, everyone, and welcome to CEVA's first quarter 2023 earnings conference call. Joining me today in the call are Amir Panush, Chief Executive Officer; and Yaniv Arieli, Chief Financial Officer of CEVA.

Before handing over to Amir, I would like to remind everyone that today's discussion contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions.

Forward-looking statements include statements regarding market trends and dynamics, opportunities for Wi-Fi and 5G; our market position, strategy and growth drivers, including with respect to potential benefits of our acquisition of the 3D Spatial Audio business from VisiSonics. Demand for and benefits of our technologies, expectations and financial guidance regarding future performance, including guidance for the second quarter of 2023 and our plans for attending investor events.

For information on the factors that could cause a difference in our results, please refer to our filings with the Securities and Exchange Commission. These include consumer demand and the global economy generally, the ability of CEVA's IPs for smarter connected devices to continue to be strong growth drivers for us, our success in penetrating new markets and maintaining our market position in existing markets. The ability of new products incorporating our technology to achieve market acceptance, the speed and extent of the expansion of the 5G and IoT markets, our ability to execute more base station and IoT license agreements, the effect of intense industry competition and consolidation, global chip market trends and our ability to successfully integrate Intrinsix into our business.