Ambarella Inc. Files 2024 Annual Report on Form 10-K

TL;DR

<b>Ambarella Inc. has submitted its 2024 Form 10-K, detailing its financial performance and operations for the fiscal year ending January 31, 2024.</b>

AI Summary

AMBARELLA INC (AMBA) filed a Annual Report (10-K) with the SEC on March 29, 2024. Ambarella Inc. filed its 10-K report for the fiscal year ending January 31, 2024. The filing covers the period from February 1, 2023, to January 31, 2024. Key dates and financial reporting periods are detailed within the filing. The company's business address is 3101 Jay Street, Santa Clara, CA 95054. The filing references various financial instruments and accounting standards, including U.S. GAAP.

Why It Matters

For investors and stakeholders tracking AMBARELLA INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Ambarella's financial health, operational activities, and strategic positioning for the fiscal year 2024. Investors and stakeholders can use this report to assess the company's performance, identify risks, and make informed investment decisions based on the disclosed financial data and business operations.

Risk Assessment

Risk Level: medium — AMBARELLA INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the complexity of financial instruments and the mention of various subsidiaries and plans suggest a medium level of risk in fully interpreting all details without further analysis.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Ambarella's current financial standing and future outlook.

Key Numbers

• 2024-01-31 — Fiscal Year End (FISCAL YEAR END)
• 2024-03-29 — Filing Date (FILED AS OF DATE)
• 104 — Public Document Count (PUBLIC DOCUMENT COUNT)
• 001-35667 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• AMBARELLA INC (company) — COMPANY CONFORMED NAME
• 0000950170-24-038555 (other) — ACCESSION NUMBER
• 20240131 (date) — CONFORMED PERIOD OF REPORT
• 20240329 (date) — FILED AS OF DATE
• 3101 JAY STREET (address) — BUSINESS ADDRESS
• SANTA CLARA (location) — BUSINESS ADDRESS CITY
• CA (location) — BUSINESS ADDRESS STATE
• 95054 (postal_code) — BUSINESS ADDRESS ZIP

FAQ

Industry Context

Ambarella Inc. operates in the semiconductor industry, focusing on advanced video processing and artificial intelligence solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business, financial condition, and management.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow trends.
2. Review the business description and risk factors for strategic insights and potential challenges.
3. Examine executive compensation details for alignment with company performance.

Key Dates

• 2024-01-31: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
• 2024-03-29: Filing Date — Date the 10-K report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial extraction of key data points from the 2024 10-K filing; a comparison to the previous year's filing would require data from that report.

Key Financial Figures

• $0.00045 — on which registered Ordinary Shares, $0.00045 Par Value Per Share AMBA The Nasdaq

Filing Documents

• amba-20240131.htm (10-K) — 3269KB
• amba-ex21_1.htm (EX-21.1) — 12KB
• amba-ex23_1.htm (EX-23.1) — 3KB
• amba-ex31_1.htm (EX-31.1) — 12KB
• amba-ex31_2.htm (EX-31.2) — 12KB
• amba-ex32_1.htm (EX-32.1) — 14KB
• amba-ex97_1.htm (EX-97.1) — 35KB
• img52179777_0.jpg (GRAPHIC) — 368KB
• img52179777_1.jpg (GRAPHIC) — 608KB
• img52179777_2.jpg (GRAPHIC) — 81KB
• img52179777_3.jpg (GRAPHIC) — 254KB
• 0000950170-24-038555.txt (&nbsp;) — 16462KB
• amba-20240131.xsd (EX-101.SCH) — 1522KB
• amba-20240131_htm.xml (XML) — 2882KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 18 Item 1B. Unresolved Staff Comments 48 Item 1C. Cybersecurity 48 Item 2.

Properties

Properties 50 Item 3.

Legal Proceedings

Legal Proceedings 50 Item 4. Mine Safety Disclosures 50 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 51 Item 6. [Reserved] 53 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 54 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 66 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 67 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 68 Item 9A.

Controls and Procedures

Controls and Procedures 68 Item 9B. Other Information 69 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 69 PART III Item 10. Directors, Executive Officers and Corporate Governance 70 Item 11.

Executive Compensation

Executive Compensation 70 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 70 Item 13. Certain Relationships and Related Transactions, and Director Independence 70 Item 14. Principal Accountant Fees and Services 70 PART IV Item 15. Exhibits and Financial Statement Schedules 71 Item 16. Form 10-K Summary 102 Exhibits 102

Signatures

Signatures 105 Power of Attorney 105 2

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The forward-looking statements are contained principally in, but not limited to, the sections titled "Business," "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as elsewhere in this Annual Report on Form 10-K. Forward-looking statements are identified by the use of the words "would," "could," "will," "may," "expect," "believe," "should," "anticipate," "outlook," "if," "future," "intend," "plan," "estimate," "predict," "potential," "target," "seek," "continue," "foreseeable" or "forecast" and similar words and phrases, including the negatives of these terms, or other variations of these terms, that denote future events. Forward-looking statements include, but are not limited to, information concerning our possible or assumed future results of operations, competitive position, industry environment, potential growth opportunities and the effects of competition, our product development strategy and areas of focus, our market opportunity, our ability to develop new solutions, including our ability to integrate and apply acquired technologies to our solutions, our future financial and operating performance, sales and marketing strategy, investment strategy and the results of our investments, research and development, customer and supplier relationships, inventory levels, customer demand and our ability to secure design wins, industry trends, our cash needs and capital requirements, and expectations about seasonality, taxes, and operating expenses. These statements reflect our current views with respect to future events and our potential financial performance and are subject to risks and uncertainties that could cause our actual results and financial position to differ materially and adversely from what is projected or

B USINESS

ITEM 1. B USINESS Overview Ambarella is a leading developer of low-power system-on-a-chip, or SoC, semiconductors and software for edge artificial intelligence, or AI, applications. Our technologies make electronic systems smarter, enabling features such as person detection, object classification, and analytics, in addition to performing complex data analysis in real time, delivering high quality imagery, and preserving vital system resources such as power and network bandwidth. We specialize in the development of deployable, scalable designs for intelligent electronic systems that utilize high-bandwidth sensors offering a proven path to mass production. Incorporated in 2004, we have primarily served human-viewing applications with video and image processors for enterprise, public infrastructure and home applications, such as internet protocol, or IP, security cameras, sports cameras, wearables, aerial drones, and aftermarket automotive video recorders. We are now leveraging our human-viewing heritage to pursue the machine sensing market. Our recent development efforts have focused on creating advanced AI inference technology that enables edge devices to visually perceive the environment and make decisions based on the data collected from cameras and other types of sensors, such as 4D radar. This category of AI technology is known as computer vision (CV), or edge inference AI, and our AI inference SoCs integrate our state-of-the-art video processor technology together with our recently developed deep learning neural network processing technology, which we refer to as CVflow. The CVflow-architecture supports a variety of AI inference algorithms, including object detection, classification and tracking, semantic and instance segmentation, image processing, stereo object detection, and terrain mapping. Our latest third generation CVflow technology enables us to address incremental and computationally intense AI applications for deep fusion, deep planning, and larg

View Full Filing

View this 10-K filing on SEC EDGAR