Ambarella (AMBA) Tops Q1 EPS by 8c

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Go back to Ambarella (AMBA) Tops Q1 EPS by 8c

Ambarella, Inc. Announces First Quarter Fiscal Year 2023 Financial Results

May 31, 2022 4:05 PM EDT

SANTA CLARA, Calif., May 31, 2022 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI vision silicon company, today announced financial results for its first quarter of fiscal year 2023 ended April 30, 2022.

Revenue for the first quarter of fiscal 2023 was $90.3 million, up 29% from $70.1 million in the same period in fiscal 2022.Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2023 was 62.6%, compared with 62.4% for the same period in fiscal 2022.GAAP net loss for the first quarter of fiscal 2023 was $10.8 million, or loss per... More