The difference between GAAP and non-GAAP gross margin was 0.4% and 0.2%, or $246,000 and $127,000 for the three months ended July 31, 2016 and 2015, respectively. The difference between GAAP and non-GAAP gross margin was 0.4% and 0.2%, or $491,000 and $251,000 for the six months ended July 31, 2016 and 2015, respectively. The difference was due to the effect of stock-based compensation. 

AMBARELLA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands)
	July 31,				January 31,
		2016				2016
ASSETS
Current assets:
Cash and cash equivalents	$	276,507			$	268,056
Marketable securities		50,520				39,837
Accounts receivable, net		33,588				39,408
Inventories		20,898				18,167
Restricted cash		8				7
Prepaid expenses and other current assets		4,180				4,170
Total current assets		385,701				369,645
Property and equipment, net		3,642				3,448
Deferred tax assets, non-current		5,743				4,626
Intangible assets, net		4,173				4,178
Goodwill		26,601				26,601
Other non-current assets		1,998				2,117
Total assets	$	427,858			$	410,615
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		19,723				14,175
Accrued liabilities		23,123				23,778
Income taxes payable	—					787
Deferred revenue		5,464				10,077
Total current liabilities		48,310				48,817
Other long-term liabilities		2,793				12,342
Total liabilities		51,103				61,159
Shareholders' equity:
Preference shares	—				—
Ordinary shares		15				15
Additional paid-in capital		181,690				176,306
Accumulated other comprehensive income (loss)		33				(7	)
Retained earnings		195,017				173,142
Total shareholders’ equity		376,755				349,456
Total liabilities and shareholders' equity	$	427,858			$	410,615

 Contact:

Deborah  Stapleton
650.470.4200
deb@stapleton.com