Ambarella (AMBA) Tops Q1 EPS by 5c, Offers Q2 Guidance
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Ambarella, Inc. Announces First Quarter Fiscal Year 2021 Financial Results
June 2, 2020 4:05 PM EDTSANTA CLARA, Calif., June 02, 2020 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced financial results for its first quarter of fiscal year 2021 ended April 30, 2020.
Revenue for the first quarter of fiscal 2021 was $54.6 million, up 16% from $47.2 million in the same period in fiscal 2020.Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2021 was 58.6%, compared with 59.0% for the same period in fiscal 2020.GAAP net loss for the first quarter of fiscal 2021 was $15.5 million, or loss per diluted... More