Furthermore, our design wins and customer relationships set the foundations for future royalty revenue streams as our licensees ship the next wave of smart and connected devices." It is evident that our customers are increasingly placing greater value on our platform-based product strategy that expedites their development of high entry barrier technologies, including 5G, neural networks and short-range wireless. Gideon Wertheizer, Chief Executive Officer of CEVA, stated: "Our third quarter record revenues considerably exceeded our expectations, driven by outstanding licensing execution and unprecedented demand for our IP. Royalty revenue for the third quarter of 2017 was $10 million, a decrease of 4% when compared to $10.4 million reported for the third quarter of 2016. Third quarter 2017 licensing and related revenue was $14 million, an increase of 88% when compared to $7.5 million reported for the same quarter a year ago. Total revenue for the third quarter of 2017 was $24 million, a 35% increase compared to $17.8 million reported for the third quarter of 2016. SenslinQ Framework For Context Aware IoT.ClearVox Voice Processing Software Package.CEVA-Dragonfly NB2 Full eNB-IoT IP Platform.Bluebud DSP-enabled BT Audio IP Platform. ![]() Immervision Image Processing Algorithms.CEVA-SLAM SDK and Vision Software Libraries. ![]()
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