Business Context and Reporting Period
Company: CEVA, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: July 31, 2013
Reporting Period: Quarter ended June 30, 2013
This filing announces the financial results for the quarter ended June 30, 2013. The report includes both GAAP results and non-GAAP measures that exclude equity-based compensation expenses to provide insight into core operating results.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release (Exhibit 99.1), which is referenced but not included in the provided text.
Material Changes and Non-GAAP Adjustments
- Non-GAAP Presentation: The company reported non-GAAP net income and diluted net income per share for the three and six months ended June 30, 2013, and 2012.
- Adjustment Details: These non-GAAP figures exclude equity-based compensation expenses associated with FASB ASC No. 718.
- Purpose: Management states these adjustments are intended to offer a more meaningful analysis of core operating results and should be reviewed in conjunction with GAAP results.
Guidance, Outlook, and Risks
The provided text does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed list of risks and contingencies. The filing notes that the press release (Exhibit 99.1) contains the full disclosure of financial results.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific GAAP and non-GAAP revenue, net income, and EPS figures.
- Verify the reconciliation between GAAP and non-GAAP net income to understand the impact of excluded equity-based compensation.
- Confirm the specific year-over-year and quarter-over-quarter percentage changes in financial performance, as these are not stated in the 8-K text.