The difference between GAAP and non-GAAP gross margin was 0.4% and 0.2%, or $249,000 and $129,000 for the three months ended January 31, 2016 and 2015, respectively. The difference between GAAP and non-GAAP gross margin was 0.2% and 0.2%, or $657,000 and $343,000 for the fiscal years ended January 31, 2016 and 2015, respectively. The difference was due to the effect of stock-based compensation. 

AMBARELLA, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands)
	January 31,				January 31,
		2016				2015
ASSETS
Current assets:
Cash and cash equivalents	$	268,056			$	170,291
Marketable securities		39,837				37,703
Accounts receivable, net		39,408				40,180
Inventories		18,167				21,693
Restricted cash		7				8
Deferred tax assets, current	—					1,990
Prepaid expenses and other current assets		4,170				3,506
Total current assets		369,645				275,371
Property and equipment, net		3,448				3,075
Deferred tax assets, non-current		4,626				3,936
Intangible assets, net		4,178			—
Goodwill		26,601			—
Other assets		2,117				1,902
Total assets	$	410,615			$	284,284
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		14,175				21,036
Accrued liabilities		23,778				18,699
Income taxes payable		787				748
Deferred tax liabilities, current	—					92
Deferred revenue, current		10,077				4,907
Total current liabilities		48,817				45,482
Deferred revenue, non-current	—					198
Other long-term liabilities		12,342				1,393
Total liabilities		61,159				47,073
Shareholders' equity:
Preference shares	—				—
Ordinary shares		15				14
Additional paid-in capital		176,306				140,564
Accumulated other comprehensive loss		(7	)			(1	)
Retained earnings		173,142				96,634
Total shareholders’ equity		349,456				237,211
Total liabilities and shareholders' equity	$	410,615			$	284,284

 Contact:

Deborah  Stapleton
650.470.4200
deb@stapleton.com