Ambarella Q3 FY2023 revenue down 10% YoY to $83.1M; GAAP net loss $0.51 per share

AMBARELLA INC

2023-Q3 EPS reported -$1.42 revenue$254,285,000

GAAP net loss of $19.8M ($0.51 loss per share) vs. $0.02 EPS profit in Q3 FY2022.
Non-GAAP net income of $9.5M ($0.24 diluted EPS) down from $22.2M ($0.57) a year ago.
Cash & marketable securities $199.0M, down from $457.8M a year earlier due to Oculii acquisition.
Q4 guidance: revenue $81-85M; non-GAAP gross margin 63-64%; non-GAAP OpEx $46-49M.
CEO cites semiconductor cyclical headwinds; automotive revenue funnel grew ~28% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMBARELLA INC reported third quarter of fiscal year 2023 ended October 31, 2022 results: revenue $83.1 million, net income $19.8 million, EPS $0.51. Guidance initiated.

Period: third quarter of fiscal year 2023 ended October 31, 2022
Revenue: $83.1 million
Net income: $19.8 million
EPS: $0.51
Guidance: initiated
Result: reported results

Exact text from the filing

Revenue for the third quarter of fiscal 2023 was $83.1 million, down 10% from $92.2 million in the same period in fiscal 2022. For the nine months ended October 31, 2022, revenue was $254.3 million, up 5% from $241.6 million for the nine months ended October 31, 2021. • Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of fiscal 2023 was 62.2%, compared with 62.5% for the same period in fiscal 2022. For the nine months ended October 31, 2022, GAAP gross margin was 62.6%, compared with 62.4% for the nine months ended October 31, 2021. • GAAP net loss for the third quarter of fiscal 2023 was $19.8 million, or loss per diluted ordinary share of $0.51

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Source: SEC EDGAR

accession 0001193125-22-296541

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