Ambarella Q1 FY2023 revenue $90.3M (+29% YoY); GAAP net loss $10.8M, guides Q2 revenue $78-82M

AMBARELLA INC

2023-Q1 EPS reported -$0.29 revenue$90,305,000

Revenue $90.3M, up 29% from $70.1M YoY; GAAP net loss $10.8M ($0.29 loss per share).
Non-GAAP net income $17.1M ($0.44 per diluted share) vs $8.9M ($0.23) YoY.
Q2 FY2023 guidance: revenue $78-82M, non-GAAP gross margin 63-64%, non-GAAP OPEX $42-45M.
CEO cites China lockdown disrupting orders; CV3 silicon received, sampling over summer.
Board extended share repurchase program through June 30, 2023; ~$49M available.

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