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Note 12 - Geographic Information and Major Customer and Market Data
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 12: GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER AND MARKET DATA

 

The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the Company’s chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis. There is no expense or asset information, that are supplemental to those disclosed in these consolidated financial statements, that are regularly provided to the CODM. The allocation of resources and assessment of performance of the operating segment is based on consolidated net income as shown in our consolidated statements of loss. The CODM considers net income in the annual forecasting process and reviews actual results when making decisions about allocating resources. Since the Company operates as one operating segment, financial segment information, including profit or loss and asset information, can be found in these consolidated financial statements.

 

a. Summary information about geographic areas:

 

The Company manages its business on a basis of one reportable segment: the licensing of IP to semiconductor companies and electronic equipment manufacturers (see Note 1 for a brief description of the Company’s business). The following is a summary of revenues within geographic areas:

 

   

Year ended December 31,

  
   

2022

    

2023

    

2024

  

Revenues based on customer location:

                        

United States

   $ 14,155     $ 9,551     $ 20,304  

Europe, Middle East

     9,944       12,184       12,796  

Asia Pacific (1)

     96,484       75,684       73,826  

Other

     —       —       13  
    $ 120,583     $ 97,419     $ 106,939  
                         

(1) China

   $ 75,682     $ 57,507     $ 52,684  

 

   

As of December 31,

  
   

2023

    

2024

  

Long-lived assets by geographic region:

                

Israel

   $ 8,119     $ 6,788  

France

     2,064       1,916  

United States

     1,866       1,716  

Greece

     —       984  

Other

     1,661       1,284  
    $ 13,710     $ 12,688  

 

b. Major customer data as a percentage of total revenues:

 

The following table sets forth the customers that represented 10% or more of the Company’s total revenues in each of the periods set forth below:

 

   

Year ended December 31,

  
   

2022

    

2023

    

2024

  

Customer A

     16 %     13 %     15 %

 

c. Major customer data as a percentage of total trade receivable:

 

The following table sets forth the customers that represented 10% or more of the Company’s total trade receivable in each of the periods set forth below:

 

   

As of December 31,

  
   

2023

    

2024

  
                 

Customer A

     28 %     24 %

Customer B

     - *)     12 %

 

*) Less than 5%

                

 

d. Information about use cases for Ceva Technology Portfolio:

 

The following table sets forth use cases for Ceva technology portfolio as percentages of the Company’s total revenues in each of the periods set forth below:

 

   

Year ended December 31,

  
   

2022

    

2023

    

2024

  

Connect (baseband for handset and other devices, Bluetooth, Wi-Fi and NB-IoT)

     78 %     82 %     84 %

Sense & Infer (sensor fusion, audio, sound, imaging, vision and AI)

     22 %     18 %     16 %