Ambarella Q4 revenue $51.6M (-38% YoY); GAAP loss $1.50/share vs $0.29 loss YoY

AMBARELLA INC

2024-FY EPS reported -$4.25 revenue$226,474,000

Q4 revenue $51.6M, down 38% from $83.3M YoY; FY24 revenue $226.5M, down 33% from $337.6M.
GAAP Q4 net loss $60.6M ($1.50 loss per share) vs $11.1M loss ($0.29) YoY, including $22.7M tax valuation allowance.
Non-GAAP Q4 net loss $9.8M ($0.24 loss per share) vs non-GAAP net income $8.9M ($0.23) YoY.
Q1 FY25 guidance: revenue $52-$56M; non-GAAP gross margin 61.5%-63.0%; non-GAAP OpEx $46-$49M.
CEO expects FY25 revenue growth driven by AI products and customer inventory normalization.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMBARELLA INC reported the fourth quarter and fiscal year 2024 ended January 31, 2024 results: revenue $51.6 million, net income GAAP net loss of $60.6 million, or loss per diluted ordinary share of $1.50, EPS loss per diluted ordinary share of $1.50. Guidance initiated.

Period: the fourth quarter and fiscal year 2024 ended January 31, 2024
Revenue: $51.6 million
Net income: GAAP net loss of $60.6 million, or loss per diluted ordinary share of $1.50
EPS: loss per diluted ordinary share of $1.50
Guidance: initiated
Result: reported results

Exact text from the filing

Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced fourth quarter and full year fiscal 2024 financial results for the period ended January 31, 2024. • Revenue for the fourth quarter of fiscal 2024 was $51.6 million

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Source: SEC EDGAR

accession 0001193125-24-047944

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