Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2016 Financial Results
The following table presents details of stock-based compensation expense included in each functional line item in the consolidated statements of operations above:
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Three Months Ended January 31, | |
Twelve Months Ended January 31, | | | |
2016 | | | |
2015 | | | |
2016 | | | |
2015 | | | |
(unaudited, in thousands) | | Stock-based compensation: | | | | | | | | | Cost of revenue | $ | 249 | | | $ | 129 | | | $ | 657 | | | $ | 343 | | | Research and development | | 7,116 | | | | 3,072 | | | | 19,082 | | | | 8,654 | | | Selling, general and administrative | | 4,181 | | | | 2,384 | | | | 11,355 | | | | 6,695 | | | | | | | | | | | | Total stock-based compensation | $ | 11,546 | | | $ | 5,585 | | | $ | 31,094 | | | $ | 15,692 | | | | | | | | | | | |
AMBARELLA, INC. |
RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS PER SHARE |
(in thousands, except share and per share data) | | | | | | | | | | |
Three Months Ended January 31, | |
Twelve Months Ended January 31, | | | |
2016 | | | |
2015 | | | |
2016 | | | |
2015 | | | |
(unaudited) | | GAAP net income | $ | 5,096 | | | $ | 17,674 | | | $ | 76,508 | | | $ | 50,571 | | | Two-class method - allocation to participating securities | — | | | (1 | ) | | — | | | (11 | ) | | Treasury stock method - additional allocation to ordinary shares | — | | — | | — | | | 1 | | | GAAP net income - diluted | $ | 5,096 | | | $ | 17,673 | | | $ | 76,508 | | | $ | 50,561 | | | | | | | | | | | | Non-GAAP adjustments: | | | | | | | | | Stock-based compensation expense, net of tax effect | | 10,414 | | | | 4,919 | | | | 27,766 | | | | 13,866 | | | Valuation allowance on deferred tax assets | | 6,090 | | | — | | | 6,090 | | | — | | Acquisition cost | — | | — | | | 1,229 | | | — | | Two-class method - additional allocation to participating securities | — | | — | | — | | | (3 | ) | | Treasury stock method - additional allocation to ordinary shares | — | | — | | — | | — | | Non-GAAP net income - diluted | $ | 21,600 | | | $ | 22,592 | | | $ | 111,593 | | | $ | 64,424 | | | | | | | | | | | | GAAP - diluted weighted average shares | | 33,747,273 | | | | 33,074,033 | | | | 33,755,709 | | | | 32,278,127 | | | Non-GAAP - diluted weighted average shares | | 33,747,273 | | | | 33,074,033 | | | | 33,755,709 | | | | 32,278,127 | | | | | | | | | | | | GAAP - diluted net income per share | $ | 0.15 | | | $ | 0.53 | | | $ | 2.27 | | | $ | 1.57 | | | Non-GAAP adjustments: | | | | | | | | | Stock-based compensation expense, net of tax effect | | 0.31 | | | | 0.15 | | | | 0.82 | | | | 0.43 | | | Valuation allowance on deferred tax assets | | 0.18 | | | — | | | 0.18 | | | — | | Acquisition cost | — | | — | | | 0.04 | | | — | | Non-GAAP adjustment to two-class method diluted net income | — | | — | | — | | — | | Non-GAAP adjustment to treasury stock method diluted net income | — | | — | | — | | — | | Non-GAAP - diluted net income per share | $ | 0.64 | | | $ | 0.68 | | | $ | 3.31 | | | $ | 2.00 | | | | | | | | | | | |
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