From GlobeNewswire: 2024-11-26 16:05:00

Ambarella, Inc. announced a third-quarter revenue of $82.7 million, up 63% from the previous year. Gross margin for the quarter was 60.6%. The company reported a GAAP net loss of $24.1 million. Non-GAAP net income was $4.5 million. Ambarella expects fourth-quarter revenue between $76.0 million and $80.0 million with a gross margin of 61.5% to 63.0%.

Total cash, cash equivalents, and marketable debt securities at the end of the third quarter were $226.5 million. Ambarella’s President and CEO, Fermi Wang, highlighted a 30% sequential revenue growth in fiscal Q3, driven by edge AI products. The company aims for positive operating leverage and continued free-cash-flow growth.

Ambarella plans a quarterly conference call to discuss results. Their products are used in various applications like video security, ADAS, and robotics. The company provides non-GAAP financial information to assess operational performance and liquidity. The reconciliation of GAAP to non-GAAP measures is available in the financial statements.

The company’s GAAP net loss for the quarter was $24.1 million, with a loss per share of $0.58. Non-GAAP adjustments led to a net income of $4.5 million, or $0.11 per diluted ordinary share. The balance sheet showed total assets of $670.8 million and total liabilities of $116.5 million. Shareholders’ equity was $554.3 million. Contact Louis Gerhardy for more information.



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