secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001193125-24-047944
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312524047944/0001193125-24-047944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312524047944/d793703d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-047944

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