Ambarella (AMBA) PT Lowered to $160 at Jefferies

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Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results

February 28, 2022 4:05 PM EST

SANTA CLARA, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced fourth quarter and full year fiscal 2022 financial results for the period ending January 31, 2022.

Revenue for the fourth quarter of fiscal 2022 was $90.2 million, up 45% from $62.1 million in the same period in fiscal 2021. For the fiscal year ending January 31, 2022, revenue was $331.9 million, up 49% from $223.0 million for the fiscal year ending January 31, 2021.Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth quarter of fiscal 2022 was 63.5%, compared with 60.8% for the same... More