secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001193125-22-296541
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312522296541/0001193125-22-296541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312522296541/d297362d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-296541

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer