secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0001193125-23-286312
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312523286312/0001193125-23-286312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312523286312/d391362d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-286312

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