Ambarella, Inc. Announces Second Quarter Fiscal Year 2024 Financial Results

The difference between GAAP and non-GAAP gross margin was 2.7% and 1.4%, or $1.6 million and $1.1 million, for the three months ended July 31, 2023 and July 31, 2022, respectively. The difference between GAAP and non-GAAP gross margin was 2.7% and 1.3%, or $3.3 million and $2.2 million, for the six months ended July 31, 2023 and July 31, 2022, respectively. The differences were due to the effect of stock-based compensation and the amortization of acquisition-related costs.

AMBARELLA, INC.
RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE
(in thousands, except share and per share data)
         
   Three Months Ended July 31,  Six Months Ended July 31,
    2023    2022    2023    2022 
   (unaudited)
GAAP net loss $(31,198) $(23,650) $(67,100) $(34,472)
         
Non-GAAP adjustments:        
Stock-based compensation expense  28,122   26,909   55,387   53,950 
Acquisition-related costs  1,277   1,279   2,554     2,572  
Income tax effect     (4,237 )     3,075       (2,904 )     2,629  
Non-GAAP net income (loss)   $ (6,036 )   $ 7,613     $ (12,063 )   $ 24,679  
                 
GAAP – diluted weighted average shares     39,736,704       38,258,341       39,538,748       37,986,839  
Non-GAAP – diluted weighted average shares     39,736,704       38,809,422       39,538,748       38,905,976  
                 
GAAP – diluted net loss per share   $ (0.79 )   $ (0.62 )   $ (1.70 )   $ (0.91 )
Non-GAAP adjustments:                
Stock-based compensation expense     0.71       0.71       1.40       1.42  
Acquisition-related costs     0.03       0.03       0.06       0.07  
Income tax effect     (0.10 )     0.08       (0.07 )     0.07  
Effect of Non-GAAP – diluted weighted average shares                       (0.02 )
Non-GAAP – diluted net income (loss) per share   $ (0.15 )   $ 0.20     $ (0.31 )   $ 0.63  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Mechanical Engineer 2 for Lam Research at Fremont, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise