Ambarella, Inc. Announces Second Quarter Fiscal Year 2017

Ambarella, Inc. Announces Second Quarter Fiscal Year 2017 Financial Results

The following table presents details of stock-based compensation expense included in each functional line item in the condensed consolidated statements of operations above:


	Three Months Ended July 31,				Six Months Ended July 31,
		2016		2015		2016		2015
	(unaudited, in thousands)
Stock-based compensation:
Cost of revenue	$	246	$	127	$	491	$	251
Research and development		6,873		3,671		13,592		6,765
Selling, general and administrative		4,347		2,323		8,684		4,587

Total stock-based compensation	$	11,466	$	6,121	$	22,767	$	11,603


AMBARELLA, INC.
RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS PER SHARE
(in thousands, except share and per share data)

	Three Months Ended July 31,						Six Months Ended July 31,
		2016			2015			2016			2015
	(unaudited)
GAAP net income	$	8,632		$	23,097		$	10,415		$	41,951

Non-GAAP adjustments:
Stock-based compensation expense		11,466			6,121			22,767			11,603
Acquisition cost	—				1,229		—				1,229
Income tax effect		(1,592	)		(750	)		(3,238	)		(1,425	)
Non-GAAP net income	$	18,506		$	29,697		$	29,944		$	53,358

GAAP - diluted weighted average shares		34,175,466			33,904,222			34,063,103			33,688,239
Non-GAAP - diluted weighted average shares		34,175,466			33,904,222			34,063,103			33,688,239

GAAP - diluted net income per share	$	0.25		$	0.68		$	0.31		$	1.25
Non-GAAP adjustments:
Stock-based compensation expense		0.34			0.18			0.67			0.34
Acquisition cost	—				0.04		—				0.03
Income tax effect		(0.05	)		(0.02	)		(0.10	)		(0.04	)
Non-GAAP - diluted net income per share	$	0.54		$	0.88		$	0.88		$	1.58

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