CEVA, Inc. (NASDAQ:CEVA) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET
Company Participants
Richard Kingston - VP, Market Intelligence & IR
Amir Panush - CEO
Yaniv Arieli - CFO
Conference Call Participants
Kevin Cassidy - Rosenblatt Securities
Chris Reimer - Barclays
David O'Connor - BNP Paribas
Suji Desilva - ROTH Capital
Operator
Good day and welcome to the CEVA, Inc. Third 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, Market Intelligence, Investor and Public Relations. Please go ahead.
Richard Kingston
Thank you, Rocco. Good morning everyone and welcome to CEVA's third quarter 2023 earnings conference call. Joining me today on the call are Amir Panush, CEVA CEO; and Yaniv Arieli, CEVA CFO.
Before handing over to Amir, I would like to remind everyone that today's discussions contain 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 the benefits and future financial impacts of the divestment of the Intrinsix business and related refocusing our core strengths of IP development and licensing, market trends and dynamics, our market position, strategy and growth drivers, including with respect to WiFi 7, demand for and benefits of our technologies, plans with respect to CEVA's share repurchase program, and expectations and financial guidance regarding future performance.
CEVA assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. In addition, following the divestment of Intrinsix's business to Cadence, financial results from Intrinsix were transitioned to discontinued operations beginning in the third quarter of 2023, and all prior period financial results have been recast accordingly.
We will also be discussing certain non-GAAP financial measures, which we believe provide a more meaningful analysis of our core operating results and comparison of quarterly results.
A reconciliation of non-GAAP financial measures is included in the earnings release we issued this morning and in the SEC filings section of our Investor Relations website at investors.ceva-dsp.com.
With that said, I'd like to turn the call over to Amir, who will review our business performance for the quarter and provide some insight into our ongoing business. Amir?