With respect to its financial results for the first quarter of fiscal year 2025, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company’s expectations for the second quarter of fiscal year 2025, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
Contact:
Louis Gerhardy
408.636.2310
lgerhardy@ambarella.com
| AMBARELLA, INC. | |||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||
| (in thousands, except share and per share data) | |||||||
| (unaudited) | |||||||
| Three Months Ended April 30, | |||||||
| 2024 | 2023 | ||||||
| Revenue | $ | 54,473 | $ | 62,142 | |||
| Cost of revenue | 21,313 | 24,623 | |||||
| Gross profit | 33,160 | 37,519 | |||||
| Operating expenses: | |||||||
| Research and development | 54,137 | 54,441 | |||||
| Selling, general and administrative | 18,468 | 18,620 | |||||
| Total operating expenses | 72,605 | 73,061 | |||||
| Loss from operations | (39,445 | ) | (35,542 | ) | |||
| Other income, net | 2,271 | 1,286 | |||||
| Loss before income taxes | (37,174 | ) | (34,256 | ) | |||
| Provision for income taxes | 758 | 1,646 | |||||
| Net loss | $ | (37,932 | ) | $ | (35,902 | ) | |
| Net loss per share attributable to ordinary shareholders: | |||||||
| Basic | $ | (0.93 | ) | $ | (0.91 | ) | |
| Diluted | $ | (0.93 | ) | $ | (0.91 | ) | |
| Weighted-average shares used to compute net loss per share | |||||||
| attributable to ordinary shareholders: | |||||||
| Basic | 40,774,991 | 39,340,791 | |||||
| Diluted | 40,774,991 | 39,340,791 | |||||
