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Jan 31, 2020
Ambarella Q4 2020 Earnings Report
Announced financial results for the fourth quarter of fiscal year 2020.
Key Takeaways
Ambarella's Q4 2020 revenue was $57.2 million, a 12% increase from Q4 2019. The GAAP net loss was $13.0 million, or $0.39 per diluted share, compared to a net loss of $4.5 million, or $0.14 per share, in the same period last year. Non-GAAP net income was $4.9 million, or $0.14 per diluted share, compared to $4.5 million, or $0.14 per share, in Q4 2019.
Q4 revenue was $57.2 million, up 12% year-over-year.
GAAP gross margin was 58.2%, compared to 60.0% in the same period last year.
GAAP net loss was $13.0 million, or $0.39 per diluted share.
Non-GAAP net income was $4.9 million, or $0.14 per diluted share.
Ambarella
Ambarella
Forward Guidance
For Q1 2021, Ambarella expects revenue between $52.0 million and $57.0 million and non-GAAP gross margin between 57.5% and 59.5%. Non-GAAP operating expenses are expected to be between $33.0 million and $35.0 million.
Positive Outlook
- Revenue is expected to be between $52.0 million and $57.0 million
- Gross margin on a non-GAAP basis is expected to be between 57.5% and 59.5%
- Non-GAAP operating expenses are expected to be between $33.0 million and $35.0 million
- AI computer vision expected to reach 10% of total revenue in FY21
- Goal is to grow total revenue for the year
Challenges Ahead
- New public health issues bring an unusually high degree of uncertainty to the business environment
- Dynamic geopolitical environment bring an unusually high degree of uncertainty to the business environment
- Risks associated with revenue being generated from new customers or design wins
- Commercial success of our customers’ products is not assured
- Risks associated with the COVID-19 virus and its impact on the global economy