Investors Checklist Stock: Ambarella, Inc. (NASDAQ:AMBA)

On Tuesday, Ambarella, Inc. (NASDAQ:AMBA) shares price traded between $63.73 and $65.39 during the last trading session upbeat/downbeat with -1.83% at $63.76. The company has 32.74M shares outstanding and market value of 1.865B. Over the one year trading period, the stock has a peak price of $65.39 and its down is recorded at $30.00.

Ambarella, Inc.  (AMBA) recently reported financial results for its second quarter of fiscal year 2020 ended July 31, 2019.

  • Revenue for the second quarter of fiscal 2020 was $56.4M, down 9.7% from $62.5M in the same period in fiscal 2019. For the six months ended July 31, 2019, revenue was $103.6M, down 13.2% from $119.4M for the six months ended July 31, 2018.
  • Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2020 was 57.5%, contrast with 60.8% for the same period in fiscal 2019. For the six months ended July 31, 2019, GAAP gross margin was 58.2%, contrast with 61.1% for the six months ended July 31, 2018.
  • GAAP net loss for the second quarter of fiscal 2020 was $10.2M, or loss per diluted ordinary share of $0.31, contrast with GAAP net loss of $6.9M, or loss per diluted ordinary share of $0.21, for the same period in fiscal 2019. GAAP net loss for the six months ended July 31, 2019 was $27.5M, or loss per diluted ordinary share of $0.84. This compares with GAAP net loss of $16.9M, or loss per diluted ordinary share of $0.51, for the six months ended July 31, 2018.

Financial results on a non-GAAP basis for the second quarter of fiscal 2020 are as follows:

  • Gross margin on a non-GAAP basis for the second quarter of fiscal 2020 was 58.1%, contrast with 61.4% for the same period in fiscal 2019. For the six months ended July 31, 2019, non-GAAP gross margin was 58.8%, contrast with 61.6% for the six months ended July 31, 2018.
  • Non-GAAP net income for the second quarter of fiscal 2020 was $7.3M, or earnings per diluted ordinary share of $0.21. This compares with non-GAAP net income of $8.5M, or earnings per diluted ordinary share of $0.25, for the same period in fiscal 2019. Non-GAAP net income for the six months ended July 31, 2019 was $7.5M, or earnings per diluted ordinary share of $0.22. This compares with non-GAAP net income of $13.1M, or earnings per diluted ordinary share of $0.38, for the six months ended July 31, 2018.

Based on information accessible as of recently, Ambarella is offering the following guidance for the third quarter of fiscal year 2020, ending October 31, 2019:

  • Revenue is predictable to be between $63.0M and $67.0M.
  • Gross margin on a non-GAAP basis is predictable to be between 56.0% and 58.0%.
  • Operating expenses on a non-GAAP basis are predictable to be between $30.0M and $32.0M.

AMBA its monthly performance is 40.69% and a quarterly performance of 50.73%. The stock price is trading upbeat from its 200 days moving average with 48.70% and up from 50 days moving average with 32.70%.

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