Ambarella Secures Higher Profits for Its First Quarter of 2021 Despite the Pandemic

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Source: Pexels| Author: Leo Cardelli

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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 originCompany nameFiscal period
United KingdomTempleton Emerging Markets Investment Trust Plc
Full year 2019
United KingdomEdinburgh Investment Trust Plc
Full year 2019
United KingdomMitchells & Butlers PlcHalf year 2020
United KingdomKingfisher PlcFull year 2019

Tuesday, 9 June 2020

Country of originCompany nameFiscal period
USAGameStop CorpFirst quarter of 2020
GermanyHeidelberger Druckmaschinen AGFourth quarter of 2020
United KingdomBig Yellow Group PlcFull year 2019

Wednesday, 10 June 2020

Country of originCompany nameFiscal period
United KingdomMonks Investment Trust PlcFull year 2019
United KingdomShaftesbury PlcHalf year 2020
SpainIndustria de Diseno Textil SAFirst quarter of 2020

Thursday, 11 June 2020

Country of originCompany nameFiscal period
CanadaLululemon Athletica IncFirst quarter of 2020
USAAdobe IncSecond quarter of 2020
United KingdomJohnson Matthey PlcFull year 2020
United KingdomTalktalk Telecom Group PlcPreliminary report for 2020
United KingdomBabcock International Group PlcFull year 2020


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