Ambarella Q4 2023 Earnings Report
Key Takeaways
Ambarella reported a decrease in Q4 revenue to $83.3 million, a 7.7% decrease compared to the same period last year. The company experienced a GAAP net loss of $11.1 million, or $0.29 per diluted share, while non-GAAP net income was $8.9 million, or $0.23 per diluted share.
Q4 revenue was $83.3 million, down 7.7% year-over-year.
GAAP gross margin was 59.6%, compared to 63.5% in the same period last year.
GAAP net loss was $11.1 million, or $0.29 per diluted share.
Non-GAAP net income was $8.9 million, or $0.23 per diluted share.
Ambarella
Ambarella
Forward Guidance
For the first quarter of fiscal year 2024, Ambarella expects revenue between $60.0 million and $64.0 million and non-GAAP gross margin between 62.0% and 64.0%. Non-GAAP operating expenses are expected to be between $47.0 million and $49.0 million.