Ambarella (AMBA) Tops Q1 EPS by 6c, Offers Guidance
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Ambarella, Inc. Announces First Quarter Fiscal Year 2022 Financial Results
June 1, 2021 4:05 PM EDTSANTA CLARA, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced financial results for its first quarter of fiscal year 2022 ended April 30, 2021.
Revenue for the first quarter of fiscal 2022 was $70.1 million, up 28% from $54.6 million in the same period in fiscal 2021.Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2022 was 62.4%, compared with 58.6% for the same period in fiscal 2021.GAAP net loss for the first quarter of fiscal 2022 was $10.8 million, or loss per diluted ordinary... More