Ambarella (AMBA) Tops Q4 EPS by 10c, Slight Beat on Revenues; Q1 Revenue Guidance Below Consensus
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Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
March 5, 2019 4:05 PM ESTSANTA CLARA, Calif., March 05, 2019 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), a leading developer of low-power and high-resolution human and computer vision solutions, today announced financial results for its fourth quarter of fiscal year 2019 ending January 31, 2019.
Revenue for the fourth quarter of fiscal 2019 was $51.1 million, down 28% from $70.6 million in the same period in fiscal 2018. For the fiscal year ending January 31, 2019, revenue was $227.8 million, down 23% from $295.4 million for fiscal year ending January 31, 2018.Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth quarter of fiscal 2019... More