Ambarella, Inc. Announces Third Quarter Fiscal Year 2025 Financial Results

The difference between GAAP and non-GAAP gross margin was 2.0% and 3.3%, or $1.7 million and $1.7 million, for the three months ended October 31, 2024 and October 31, 2023, respectively.  The difference between GAAP and non-GAAP gross margin was 2.3% and 2.9%, or $4.6 million and $5.0 million, for the nine months ended October 31, 2024 and October 31, 2023, respectively. The differences were due to the effect of stock-based compensation, amortization of acquisition-related costs and restructuring expense.

AMBARELLA, INC.
RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE
(in thousands, except share and per share data)
                 
   Three Months Ended October 31,  Nine Months Ended October 31,
    2024    2023    2024    2023 
   (unaudited)
GAAP net loss $(24,071) $(41,710) $(96,892) $(108,810)
                 
Non-GAAP adjustments:                
Stock-based compensation expense  26,847   27,409   80,495       82,796  
Acquisition-related costs     1,267       1,277       3,831       3,831  
Restructuring expense           852             852  
Income tax effect     416       994       1,016       (1,910 )
Non-GAAP net income (loss)   $ 4,459     $ (11,178 )   $ (11,550 )   $ (23,241 )
                                 
GAAP - diluted weighted average shares     41,479,459       40,053,251       41,128,068       39,710,248  
Non-GAAP - diluted weighted average shares     41,632,232       40,053,251       41,128,068       39,710,248  
                                 
GAAP - diluted net loss per share   $ (0.58 )   $ (1.04 )   $ (2.36 )   $ (2.74 )
Non-GAAP adjustments:                                
Stock-based compensation expense     0.65       0.68       1.96       2.08  
Acquisition-related costs     0.03       0.03       0.09       0.10  
Restructuring expense           0.02             0.02  
Income tax effect     0.01       0.03       0.03       (0.05 )
Effect of Non-GAAP - diluted weighted average shares                        
Non-GAAP - diluted net income (loss) per share   $ 0.11     $ (0.28 )   $ (0.28 )   $ (0.59 )
                                 

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