NASDAQ$AMBA

Ambarella Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter and fiscal year 2021 financial results.

Ambarella's Q4 2021 revenue was $62.1 million, a 9% increase from Q4 2020. The company's GAAP net loss was $12.5 million, or $0.35 per diluted share, while non-GAAP net income was $5.1 million, or $0.14 per diluted share.

  • Revenue for the fourth quarter of fiscal 2021 was $62.1 million, up 9% from $57.2 million in the same period in fiscal 2020.
  • GAAP gross margin for the fourth quarter of fiscal 2021 was 60.8%, compared with 58.2% for the same period in fiscal 2020.
  • GAAP net loss for the fourth quarter of fiscal 2021 was $12.5 million, or loss per diluted ordinary share of $0.35.
  • Non-GAAP net income for the fourth quarter of fiscal 2021 was $5.1 million, or earnings per diluted ordinary share of $0.14.

Headline financials

Total Revenue

$62.1M

Previous: $57.2M+8.6%
EPS (adj)

$0.14

Previous: $0.14+0.0%
GAAP Gross Margin

60.8%

Previous: 58.2%+4.5%
Capital Expenditures

$423K

Previous: $396K+6.8%
Free Cash Flow

$12.1M

Previous: $3.73M+223.0%
Net Income

-$12.5M

Previous: -$13M+3.8%
Operating Income

-$14M

Previous: -$13.8M-1.3%
Gross Profit

$37.8M

Previous: $33.3M+13.5%
Cash & Equivalents

$241M

Previous: $231M+4.3%
Total Assets

$573M

Previous: $527M+8.7%
Stock-Based Comp

$18.7M

Previous: $16.9M+10.8%

Revenue & EPS history

Ambarella · Revenue · Quarterly

$62.1M

Q4 2021+8.6%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Ambarella is offering the following guidance for the first quarter of fiscal year 2022, ending April 30, 2021:

Tailwinds

  • Revenue is expected to be between $67.0 million and $70.0 million
  • Gross margin on a non-GAAP basis is expected to be between 59.5% and 61.5%

Headwinds

  • Non-GAAP operating expenses are expected to be between $34.0 million and $36.0 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.4%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-1.5%

Avg return

30 days after

48%

28 / 58 earnings

Positive

+25.1%

Q2 2022

Best reaction

-31.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-14.9%-20.2%-28.8%
Q3 2026-18.8%-22.0%-21.5%
Q2 2026+16.9%+12.3%+17.9%
Q1 2026-15.2%-13.6%+8.2%
Q4 2025-17.1%-27.0%-33.2%
Q3 2025+7.7%+6.3%+11.6%
Q2 2025+14.2%+16.7%+11.6%
Q1 2025+18.5%+14.2%+9.8%
Q4 2024+2.1%+0.6%-10.6%
Q3 2024+2.0%-1.1%+6.9%
Q2 2024-16.8%-12.1%-28.3%
Q1 2024-7.0%-1.5%+6.4%
Q4 2023-9.7%-10.7%-17.1%
Q3 2023+2.9%-0.2%+10.8%
Q2 2023-19.7%-25.7%-31.9%
Q1 2023-5.3%-5.8%-25.7%
Q4 2022-31.1%-37.2%-24.2%
Q3 2022+12.7%+6.4%+10.6%
Q2 2022+25.1%+30.1%+47.6%
Q1 2022-0.7%-2.0%+5.6%
Q4 2021-4.6%-4.7%-11.4%
Q3 2021+15.1%+17.2%+40.5%
Q2 2021-13.2%-9.6%-10.0%
Q1 2021-8.3%-7.1%-21.8%
Q4 2020-7.8%-15.4%-22.1%
Q3 2020-1.7%+0.0%+8.1%
Q2 2020+23.8%+29.2%+37.7%
Q1 2020+4.4%+2.2%+16.6%
Q4 2019+4.8%+1.2%+10.9%
Q3 2019+15.4%+16.0%+1.5%
Q2 2019-4.4%-4.9%-3.5%
Q1 2019-13.2%-13.9%-21.2%
Q4 2018+7.8%+7.3%+1.9%
Q3 2018+13.9%+5.7%+7.9%
Q2 2018-21.9%-24.9%-9.4%
Q1 2018-9.1%-12.2%-17.5%
Q4 2017-5.8%-7.0%-7.1%
Q3 2017-11.5%-7.0%-12.0%
Q2 2017-7.0%-4.4%+2.2%
Q1 2017+11.9%+16.7%+22.0%
Q4 2016-7.0%
Q3 2016-5.8%
Q2 2016-14.3%
Q1 2016+1.2%
Q4 2015+9.5%
Q3 2015-2.7%
Q2 2015+3.3%
Q1 2015-0.2%
Q4 2014-9.2%
Q3 2014+2.9%
Q2 2014+9.6%
Q1 2013+6.0%
Q1 2014-5.3%
Q4 2011+2.2%
Q4 2012+17.7%
Q4 2013+3.1%
Q3 2012+13.8%
Q3 2013+16.3%
Q2 2013
Q2 2012
Q1 2012

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