Ambarella Inc Stock Price, News & Analysis

Ambarella (AMBA) reported a 9% increase in Q4 FY2021 revenue, totaling $62.1 million, up from $57.2 million YoY. However, the full year's revenue declined 3% to $223 million from $228.7 million. The company posted a GAAP net loss of $12.5 million in Q4, slightly improved from a loss of $13 million last year. Guidance for Q1 FY2022 anticipates revenue between $67 million and $70 million. The company ended Q4 with $440.7 million in cash reserves, an increase from $404.7 million YoY.

Ambarella (Nasdaq: AMBA) has partnered with Motional, a leader in driverless technology, selecting Ambarella’s CVflow® family of AI processors for its autonomous vehicles. These processors will enhance the vehicles' safety and performance by integrating with LiDAR, camera, and radar systems. The collaboration aims to improve complex computer vision tasks and support operations in challenging conditions. Motional's track record includes over 1.5 million miles driven safely, marking a significant step in the commercialization of driverless vehicles.

Ambarella, Inc. (Nasdaq: AMBA) announced its fourth quarter and fiscal year 2021 earnings conference call scheduled for March 2, 2021, at 1:30 p.m. PT. The earnings release will be available post-market close on the same day. Participants can join via U.S. dial-in at 877-304-8963 or international at 760-666-4834. A live webcast will be accessible at Ambarella's investor relations site. The company specializes in AI vision silicon, providing solutions for various applications, including video security and autonomous driving.

Ambarella, Inc. (Nasdaq: AMBA) has launched the CV5, an advanced AI vision processor that supports 8K video recording and can handle multiple 4K streams. The CV5 aims to enhance intelligent automotive, consumer, and robotic cameras by employing the CVflow AI engine and dual Arm® A76 CPUs, with under 2 watts of power consumption. Key applications include advanced driver assistance systems (ADAS) and drone navigation. The hardware supports high-resolution video processing and numerous camera interfaces, making it versatile for various applications.

Ambarella, Inc. (AMBA) reported a third-quarter revenue of $56.1 million for fiscal 2021, down 17.4% year-over-year. For the nine months, revenue totaled $160.8 million, a 6.2% decline. The gross margin improved to 62.0% compared to 57.6%GAAP net loss of $17.1 million, or $0.49 per share, compared to a loss of $4.3 million in Q3 2020. Non-GAAP net income was $3.3 million, down from $11.3 million. The company projects revenue between $56 million and $60 million for Q4.

Ambarella (Nasdaq: AMBA) announced its third quarter fiscal year 2021 earnings conference call scheduled for November 23, 2020, at 1:30 p.m. PT. The earnings release will be issued after market close on the same day. Interested U.S. participants can join by calling 877-304-8963 or international callers at 760-666-4834. A webcast will also be available on Ambarella’s investor relations website.

Ambarella (Nasdaq: AMBA) has launched the CV28M camera system on chip (SoC), part of its CVflow family, designed for advanced image processing and high-resolution video encoding. The CV28M facilitates smart edge device applications such as security, retail monitoring, and consumer robotics while maintaining data privacy. Its AI architecture allows for intelligent monitoring without reliance on cloud processing. Key features include 4KP30 encoding, advanced cybersecurity measures, and efficient low-light image processing. Samples of the CV28M are available now.

Humanising Autonomy partners with Ambarella (Nasdaq: AMBA) to enhance ADAS and AV systems through advanced human behavior analytics. By integrating Humanising Autonomy's HAxEdge intent prediction engine with Ambarella's CVflow chip technology, the collaboration aims to improve vulnerable road user perception in automotive cameras. The low-power solution supports real-time intent predictions for critical safety functions, including forward collision warnings and automated braking. This partnership is positioned to offer OEMs and device suppliers a rapid deployment of sophisticated safety solutions.

Ambarella, Inc. (NASDAQ: AMBA) reported Q1 fiscal 2021 revenue of $54.6 million, a 16% increase from $47.2 million last year. The gross margin was 58.6%, slightly down from 59.0%. The GAAP net loss was $15.5 million, or $0.45 per share, an improvement from last year's loss of $17.3 million. Non-GAAP net income was $1.3 million, or $0.04 per share. Guidance for Q2 estimates revenue of $50.0 million +/- 6% and a gross margin between 59.0% and 60.5%. Cash reserves totaled $411.3 million.