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Jan 31, 2024
Ambarella Q4 2024 Earnings Report
Ambarella's Q4 2024 financial performance declined compared to the previous year, with revenue and GAAP net loss decreasing, but the company anticipates a return to revenue growth in fiscal year 2025.
Key Takeaways
Ambarella reported a decrease in revenue for Q4 2024 to $51.6 million, a 38.1% decrease compared to Q4 2023. The GAAP net loss was $60.6 million, or $1.50 per diluted share, compared to a net loss of $11.1 million, or $0.29 per diluted share, in the same period last year. The company expects to return to revenue growth in fiscal year 2025.
Q4 revenue was $51.6 million, a 38.1% decrease year-over-year.
GAAP gross margin was 59.8%, slightly up from 59.6% in the same period last year.
GAAP net loss was $60.6 million, or $1.50 per diluted share, compared to a net loss of $11.1 million, or $0.29 per diluted share, in Q4 2023.
Non-GAAP net loss was $9.8 million, or $0.24 per diluted share, compared to non-GAAP net income of $8.9 million, or $0.23 per diluted share, in the same period last year.
Forward Guidance
Ambarella expects Q1 2025 revenue to be between $52.0 million and $56.0 million, non-GAAP gross margin to be between 61.5% and 63.0%, and non-GAAP operating expenses to be between $46.0 million and $49.0 million.
Positive Outlook
- Revenue is expected to be between $52.0 million and $56.0 million.
- Gross margin on a non-GAAP basis is expected to be between 61.5% and 63.0%.
Challenges Ahead
- Non-GAAP operating expenses are expected to be between $46.0 million and $49.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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