Ambarella Inc. Files 10-Q for July 31, 2024

TL;DR

Ambarella's Q2 FY25 10-Q is in. Check financials for revenue, R&D, and equity.

AI Summary

Ambarella Inc. filed its 10-Q for the period ending July 31, 2024. The filing details financial performance and business operations, including information on revenue, expenses, and equity. Specific financial data points and operational segments are presented for the reporting period and comparative prior periods.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look into Ambarella's financial health and operational performance during the second quarter of fiscal year 2025, crucial for understanding the company's trajectory in the semiconductor market.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures, but the semiconductor industry is subject to cyclicality and intense competition, which inherently carries risk.

Key Numbers

• 2025-06-30 — Share Repurchase Program End Date (Indicates a future date for the completion of the share repurchase program.)
• 2024-07-31 — Balance Sheet Date (Represents the end of the reporting period for the balance sheet.)
• 2023-07-31 — Prior Period End Date (Used for comparative financial analysis against the current reporting period.)

Key Players & Entities

• AMBARELLA INC (company) — Filer
• 20240731 (date) — Period of Report
• 20240904 (date) — Filed as of Date
• 3101 JAY STREET (address) — Business Address
• SANTA CLARA (city) — Business Address City
• CA (state) — Business Address State
• 95054 (zip_code) — Business Address Zip
• 408-734-8888 (phone_number) — Business Phone

FAQ

Key Financial Figures

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

Filing Documents

• amba-20240731.htm (10-Q) — 2451KB
• amba-ex31_1.htm (EX-31.1) — 10KB
• amba-ex31_2.htm (EX-31.2) — 10KB
• amba-ex32_1.htm (EX-32.1) — 12KB
• 0000950170-24-103199.txt ( ) — 9941KB
• amba-20240731.xsd (EX-101.SCH) — 1104KB
• amba-20240731_htm.xml (XML) — 2087KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 3 Item 1.

Financial Statements

Financial Statements 3 Unaudited Condensed Consolidated Balance Sheets at July 31, 2024 and January 31, 2024 3 Unaudited Condensed Consolidated Statements of Operations for the three and six months ended July 31, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended July 31, 2024 and 2023 5 Unaudited Condensed Consolidated Statements of Shareholders' Equity for the three and six months ended July 31, 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended July 31, 2024 and 2023 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.

Controls and Procedures

Controls and Procedures 28

OTHER INFORMATION

PART II. OTHER INFORMATION 29 Item 1.

Legal Proceedings

Legal Proceedings 29 Item 1A.

Risk Factors

Risk Factors 29 Item 5. Other Information 59 Item 6. Exhibits 60

Signatures

Signatures 62 2 P ART I – FINANCIAL INFORMATION I TEM 1. Financial Statements AMBARELLA, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (in thousands, except share and per share data) (unaudited) As of July 31, January 31, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 153,925 $ 144,914 Marketable debt securities 65,880 75,013 Accounts receivable, net 23,160 24,950 Inventories 30,660 29,043 Restricted cash 7 7 Prepaid expenses and other current assets 6,051 6,230 Total current assets 279,683 280,157 Property and equipment, net 9,042 10,439 Deferred tax assets 163 234 Intangible assets, net 48,404 55,136 Operating lease right-of-use assets, net 6,744 5,250 Goodwill 303,625 303,625 Other non-current assets 2,673 2,814 Total assets $ 650,334 $ 657,655 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 19,443 28,503 Accrued and other current liabilities 62,400 48,598 Operating lease liabilities, current 3,652 3,443 Income taxes payable 809 1,541 Deferred revenue, current 5,152 894 Total current liabilities 91,456 82,979 Operating lease liabilities, non-current 3,101 1,896 Other long-term liabilities 8,226 12,909 Total liabilities 102,783 97,784 Commitments and contingencies (Note 14) Shareholders' equity: Preference shares, $ 0.00045 par value per share, 20,000,000 shares authorized and no shares issued and outstanding at July 31, 2024 and January 31, 2024, respectively — — Ordinary shares, $ 0.00045 par value per share, 200,000,000 shares authorized; 41,272,671 and 40,520,558 shares issued and outstanding at July 31, 2024 and January 31, 2024, respectively 19 18 Additional paid-in capital 755,449 694,967 Accumulated other comprehensive loss ( 165 ) ( 183 ) Accumulated deficit ( 207,752 ) ( 134,931 ) Total sharehold

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View this 10-Q filing on SEC EDGAR