Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2016 Financial Results
The difference between GAAP and non-GAAP gross margin was 0.4% and 0.2%, or $249,000 and $129,000 for the three months ended January 31, 2016 and 2015, respectively. The difference between GAAP and non-GAAP gross margin was 0.2% and 0.2%, or $657,000 and $343,000 for the fiscal years ended January 31, 2016 and 2015, respectively. The difference was due to the effect of stock-based compensation.
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AMBARELLA, INC.
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CONSOLIDATED BALANCE SHEETS | |
(unaudited, in thousands) | | | | | | | | |
January 31, | |
January 31, | | | | |
2016 | | | |
2015 | | | | | | | | | |
ASSETS | | | | | | Current assets: | | | | | | Cash and cash equivalents | $ | 268,056 | | | $ | 170,291 | | | | Marketable securities | | 39,837 | | | | 37,703 | | | | Accounts receivable, net | | 39,408 | | | | 40,180 | | | | Inventories | | 18,167 | | | | 21,693 | | | | Restricted cash | | 7 | | | | 8 | | | | Deferred tax assets, current | — | | | 1,990 | | | | Prepaid expenses and other current assets | | 4,170 | | | | 3,506 | | | | Total current assets | | 369,645 | | | | 275,371 | | | | | | | | | | Property and equipment, net | | 3,448 | | | | 3,075 | | | | Deferred tax assets, non-current | | 4,626 | | | | 3,936 | | | | Intangible assets, net | | 4,178 | | | — | | | Goodwill | | 26,601 | | | — | | | Other assets | | 2,117 | | | | 1,902 | | | | | | | | | | Total assets | $ | 410,615 | | | $ | 284,284 | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | Current liabilities: | | | | | | Accounts payable | | 14,175 | | | | 21,036 | | | | Accrued liabilities | | 23,778 | | | | 18,699 | | | | Income taxes payable | | 787 | | | | 748 | | | | Deferred tax liabilities, current | — | | | 92 | | | | Deferred revenue, current | | 10,077 | | | | 4,907 | | | | Total current liabilities | | 48,817 | | | | 45,482 | | | | | | | | | | Deferred revenue, non-current | — | | | 198 | | | | Other long-term liabilities | | 12,342 | | | | 1,393 | | | | | | | | | | Total liabilities | | 61,159 | | | | 47,073 | | | | | | | | | | Shareholders' equity: | | | | | | Preference shares | — | | — | | | Ordinary shares | | 15 | | | | 14 | | | | Additional paid-in capital | | 176,306 | | | | 140,564 | | | | Accumulated other comprehensive loss | | (7 | ) | | | (1 | ) | | | Retained earnings | | 173,142 | | | | 96,634 | | | | Total shareholders’ equity | | 349,456 | | | | 237,211 | | | | | | | | | | Total liabilities and shareholders' equity | $ | 410,615 | | | $ | 284,284 | | | | | | | | | |
Contact:
Deborah Stapleton
650.470.4200
deb@stapleton.com
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