Ambarella Q3 FY2024 revenue $50.6M, down 39% YoY; GAAP loss per share $1.04

AMBARELLA INC

2024-Q3 EPS reported -$2.74 revenue$174,858,000

Revenue $50.6M, down 39% from $83.1M in Q3 FY2023; GAAP net loss $41.7M ($1.04 loss per share).
Non-GAAP net loss $11.2M ($0.28 loss per share) vs non-GAAP net income $9.5M a year ago.
Q4 FY2024 guidance: revenue $50-53M, non-GAAP gross margin 62-63%, non-GAAP operating expenses $45-48M.
Cash and marketable securities $222.3M, up from $216.5M prior quarter.
CEO expects return to revenue growth in Fiscal 2025; CV5 and CV3-AD685 silicon progressing.

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 0.95

AMBARELLA INC reported third quarter of fiscal year 2024 ended October 31, 2023 results: revenue $50.6 million, net income net loss of $41.7 million, EPS loss per diluted ordinary share of $1.04. Guidance initiated.

Period: third quarter of fiscal year 2024 ended October 31, 2023
Revenue: $50.6 million
Net income: net loss of $41.7 million
EPS: loss per diluted ordinary share of $1.04
Guidance: initiated
Result: reported results

Exact text from the filing

Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2024 ended October 31, 2023. • Revenue for the third quarter of fiscal 2024 was $50.6 million, down 39% from $83.1 million in the same period in fiscal 2023.

View on SEC.gov

38 earnings releases filed in the last 30 days. Browse all earnings releases →

AMBARELLA INC filing history →

Source: SEC EDGAR

accession 0001193125-23-286312

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.