CEVA Inc delivered a solid top-line performance for QQ1 2025 with revenue of USD 24.245 million, up 9.9% year over year, but showed a meaningful sequential reversal, with revenue down about 17% versus the prior quarter. The company maintained an exceptionally high gross margin of 85.6%, supported by a lean cost structure around IP licensing and software tools, yet incurred an operating loss of 4.38 million and a net loss of 3.33 million as R&D and SG&A investments remained elevated. Despite the near-term profitability headwinds, CEVA's balance sheet remains robust with a net cash position and substantial liquid assets, underscoring financial resilience as the company navigates a licensing-driven, design-win-driven model in the semiconductor IP space. Absent a formal quarterly earnings call transcript in the provided data, management commentary cannot be quoted directly; however, the reported metrics imply continued emphasis on licensing activity, platform advancement, and acceleration of AI/edge processing capabilities across 5G, IoT, automotive, and computer vision applications.