Ceva Expects FY24 Revenue Growth Of 7%-9% Enabling It It Double Its Adj EPS
Ceva Expects FY24 Revenue Growth Of 7%-9% Enabling It It Double Its Adj EPS
Yaniv Arieli, Chief Financial Officer of Ceva, stated: "Our robust third quarter earnings more than doubled our non-GAAP net income and diluted income per share year-over-year. For the full year, we now expect overall revenues to be higher than previous guidance, at a new range of 7%-9% growth, enabling us to double our non-GAAP fully diluted EPS year-over-year. We continued to buy back the company's stock during the quarter, repurchasing approximately 186,000 shares for approximately $4.2 million under our stock repurchase program. Furthermore, the Ceva Board of Directors today authorized the expansion of the company's share repurchase program with an additional 700,000 shares of common stock available for repurchase, bringing the total shares available for repurchase to approximately 1 million. At the end of the quarter, our cash and cash equivalent balances, marketable securities and bank deposits were approximately $158 million, ensuring we are well-positioned to explore opportunities for non-organic growth."
Ceva的首席財務官Yaniv Arieli表示：「我們強勁的第三季度收入使非GAAP淨利潤和攤薄後每股收益同比增長超過一倍。對於整個年度，我們現在預計總收入將高於先前的指導範圍，增長區間爲7%-9%，從而使我們能夠使非GAAP全攤薄後每股收益同比增長一倍。在本季度期間，我們繼續回購公司股票，根據我們的股票回購計劃回購了約186,000股，金額約420萬美元。此外，Ceva董事會今天批准擴大公司的股票回購計劃，增加了70萬股普通股可供回購，使得可供回購的股份總數達到約100萬股。在本季度結束時，我們的現金及現金等價物餘額、可市場交易有價證券和銀行存款約爲15800萬美元，確保我們處於一個良好的位置以探索非有機增長的機會。」
