Source: Pexels| Author: Leo Cardelli
Reading time: two minutes
On June 2nd, the manufacturer of semiconductors for shooting HD video content announced that its revenue has surpassed last year’s performance by 16%, reaching $54.6 million.
According to the earnings report, the company’s GAAP net loss for the period amounted to $15.5 million, or loss per share of $0.45 – another improvement compared to the net loss of $17.3 million, or loss per share of $0.53, generated in the same period last year.
Other notable highlights from Ambarella’s quarterly earnings report include:
– Non-GAAP net income of $1.3 million, or earnings per share of $0.04
– Gross margin on a non-GAAP basis of 59.1%, or 0.06% less year-over-year
– Total cash, cash equivalents, and marketable debt securities for the period of $411.3 million, or a several-million-dollar boost compared to previous quarter ($404.7 million)
– 25,719 repurchased shares for the period, valued at approximately $1 million
– Second-quarter guidance of about $50 million in revenue, gross margin between 59% and 60.5%, and operating expenses between $31 million and $33 million.
“I want to thank our employees for safely and quickly adapting to the challenging environment. . . . The long-term outlook for the higher levels of automation we enable in multiple industries remains healthy, our CV portfolio continues to expand, and with a strong and liquid balance sheet supporting our investment, we believe we are positioned to emerge stronger when the current crisis is over.”
Fermi Wang, President and CEO
Upcoming earnings reports
See the full list of upcoming earnings reports for 8 – 11 June in the tables below.
Monday, 8 June 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | Templeton Emerging Markets Investment Trust Plc | Full year 2019 |
| United Kingdom | Edinburgh Investment Trust Plc | Full year 2019 |
| United Kingdom | Mitchells & Butlers Plc | Half year 2020 |
| United Kingdom | Kingfisher Plc | Full year 2019 |
Tuesday, 9 June 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | GameStop Corp | First quarter of 2020 |
| Germany | Heidelberger Druckmaschinen AG | Fourth quarter of 2020 |
| United Kingdom | Big Yellow Group Plc | Full year 2019 |
Wednesday, 10 June 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | Monks Investment Trust Plc | Full year 2019 |
| United Kingdom | Shaftesbury Plc | Half year 2020 |
| Spain | Industria de Diseno Textil SA | First quarter of 2020 |
Thursday, 11 June 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| Canada | Lululemon Athletica Inc | First quarter of 2020 |
| USA | Adobe Inc | Second quarter of 2020 |
| United Kingdom | Johnson Matthey Plc | Full year 2020 |
| United Kingdom | Talktalk Telecom Group Plc | Preliminary report for 2020 |
| United Kingdom | Babcock International Group Plc | Full year 2020 |
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