Ambarella, Inc. Announces First Quarter Fiscal Year 2023 Financial Results
The difference between GAAP and non-GAAP gross margin was 1.2% and 0.5%, or $1.1 million and $0.3 million, for the three months ended April 30, 2022 and April 30, 2021, respectively. The differences were due to the effect of stock-based compensation and the amortization of acquisition-related costs.
AMBARELLA, INC. |
RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE |
(in thousands, except share and per share data) |
| | | |
|
Three Months Ended April 30, |
| |
2022 | | | |
2021 | |
|
(unaudited) |
GAAP net loss | $ | (10,822 | ) | | $ | (10,818 | ) |
| | | |
Non-GAAP adjustments: | | | |
Stock-based compensation expense | | 27,041 | | | | 18,842 | |
Acquisition-related costs | | 1,293 | | | | — | |
Income tax effect | | (446 | ) | | | 899 | |
Non-GAAP net income | $ | 17,066 | | | $ | 8,923 | |
| | | |
GAAP - diluted weighted average shares | | 37,715,338 | | | | 35,940,304 | |
Non-GAAP - diluted weighted average shares | | 39,002,530 | | | | 38,081,315 | |
| | | |
GAAP - diluted net loss per share | $ | (0.29 | ) | | $ | (0.30 | ) |
Non-GAAP adjustments: | | | |
Stock-based compensation expense | | 0.72 | | | | 0.52 | |
Acquisition-related costs | | 0.03 | | | | — | |
Income tax effect | | (0.01 | ) | | | 0.03 | |
Effect of Non-GAAP - diluted weighted average shares | | (0.01 | ) | | | (0.02 | ) |
Non-GAAP - diluted net income per share | $ | 0.44 | | | $ | 0.23 | |
| | | | | | | |