September 27, 2016 9:36 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Ambarella, Inc.

Company Overview

Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast ...

3101 Jay Street

Santa Clara, CA 95054

United States

Founded in 2004

640 Employees

Phone:

408-734-8888

Fax:

408-734-0788

Key Executives for Ambarella, Inc.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 52
Total Annual Compensation: $340.0K
Co-Founder, Chief Technology Officer and Director
Age: 59
Total Annual Compensation: $320.0K
Chief Financial Officer
Age: 64
Total Annual Compensation: $320.0K
Vice President of Marketing and Business Development
Age: 53
Total Annual Compensation: $245.0K
Vice President of Business Development
Age: 51
Total Annual Compensation: $234.0K
Compensation as of Fiscal Year 2016.

Ambarella, Inc. Key Developments

Ambarella Seeks Acquisitions

Ambarella, Inc. (NasdaqGS:AMBA) is looking to acquire technology as disclosed at the Deutsche Bank Technology Conference. "I think our strategy is, we need to continue to look our own M&A to acquire technology to post solid technology and making sure we execute to our plan. I think staying independent and continue to grow markets and continue to provide revenue growth is our goal," said Fermi Wang, Chief Executive Officer of Ambarella.

Ambarella, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2016; Provides Earnings Guidance for the Third Quarter of 2017 and Full Year 2017

Ambarella, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2016. For the quarter, the company reported revenue for the second quarter of fiscal 2017 was $65.1 million, down 22.6% from $84.2 million in the same period in fiscal 2016. GAAP net income for the second quarter of fiscal 2017 was $8.6 million, or $0.25 per diluted ordinary share, compared with GAAP net income of $23.1 million, or $0.68 per diluted ordinary share, for the same period in fiscal 2016. Non-GAAP net income for the second quarter of fiscal 2017 was $18.5 million, or $0.54 per diluted ordinary share. This compares with non-GAAP net income of $29.7 million, or $0.88 per diluted ordinary share, for the same period in fiscal 2016. Income from operations was $9.262 million against $24.921 million a year ago. Income before income taxes was $9.433 million against $25.048 million a year ago. Cash from operations in the quarter was $22.5 million. For the six months ended July 31, 2016, revenue was $122.3 million, down 21.2% from $155.2 million for the six months ended July 31, 2015. GAAP net income for the six months ended July 31, 2016 was $10.4 million, or $0.31 per diluted ordinary share. This compares with GAAP net income of $42.0 million, or $1.25 per diluted ordinary share, for the six months ended July 31, 2015. Non-GAAP net income for the six months ended July 31, 2016 was $29.9 million, or $0.88 per diluted ordinary share. This compares with non-GAAP net income of $53.4 million, or $1.58 per diluted ordinary share, for the six months ended July 31, 2015. Income from operations was $10.610 million against $45.246 million a year ago. Income before income taxes was $10.808 million against $45.400 million a year ago. For the third quarter of fiscal 2017, the company’s revenue is expected to be between $95.0 million and $99.0 million. Gross margin on a non-GAAP basis is expected to be between 63.5% and 65.0%. Effective tax rate on a non-GAAP basis is expected to be between 11.5% and 12.5%. Annual revenue for fiscal 2017 is expected to be flat to down 5% compared to fiscal 2016, consistent with previous guidance.

Ambarella, Inc. to Report Q2, 2017 Results on Sep 01, 2016

Ambarella, Inc. announced that they will report Q2, 2017 results at 1:30 PM, Pacific Standard Time on Sep 01, 2016

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