Business Context and Reporting Period
Company: CEVA, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 3, 2017
Reporting Period: Quarter ended June 30, 2017
This filing announces the financial results for the quarter ended June 30, 2017. The report includes both GAAP and non-GAAP financial measures. The non-GAAP figures exclude equity-based compensation expenses (net of taxes) and the amortization of acquired intangibles related to the acquisition of RivieraWaves SAS.
Key Financial Metrics
The provided text serves as a cover document referencing a press release (Exhibit 99.1) containing the detailed financial data. The filing text itself does not provide specific numerical values for the following metrics:
- Revenue
- Net Income (GAAP and Non-GAAP)
- Earnings Per Share (Diluted)
- Cash Flow
- Operating Margins
- Debt and Liquidity positions
Material Changes and Comparisons
The filing indicates that the attached press release contains a comparison of results for the quarters ended June 30, 2017, and 2016. However, the specific material changes, percentage growth, or decline figures are not present in this text excerpt.
Guidance, Outlook, and Management Commentary
Management Commentary: Management states that the non-GAAP reconciliation is useful for investors to analyze core operating results and understand the impact of FASB ASC No. 718 (equity-based compensation). They emphasize that non-GAAP measures should be viewed in conjunction with GAAP results and are not a substitute for them.
Guidance and Risks: The text does not contain specific forward-looking guidance, risk factors, or contingencies beyond the standard disclaimer regarding the non-GAAP measures.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, profit, and EPS figures for Q2 2017 and Q2 2016.
- Verify the exact dollar amounts excluded from non-GAAP calculations regarding equity-based compensation and RivieraWaves SAS amortization.
- Confirm the reconciliation table between GAAP and non-GAAP net income and EPS.
- Check for any updated forward-looking guidance or market outlook included in the full press release.