Ambarella, Inc. (AMBA) manufactures are being utilized in diverse human and computer vision apps, including advanced driver assistance systems, video security, drive recorder, electronic mirror, and robotics apps. The company’s low-power SoCs offer high-resolution video compression, advanced-level image processing, and deep neural network processing.
The price of AMBA stock during the regular trading on February 28, 2022, was $139.7 with a slight gain of 0.24%. At the last check of aftermarket, the stock dropped by 16.4%.
AMBA: Key Financials
On February 28, 2022, AMBA released its unaudited quarterly financial statement for the fourth fiscal quarter 2022 ended January 31, 2022. Some of the key points are discussed here.
Revenue
Revenues in Q4 2022 were $90.2 million compared to $62.1 million in the same quarter in 2021. The company observed a gain of 45% in its revenue year-over-year. Also, the company topped the expectations of $90.1 million of the analysts.
EPS
Basic and diluted net loss in the fourth quarter of 2022 was $9.19 million or $0.25 per share against $12.4 million or $0.35 per share for the same period in 2021. The company observed an increase in earnings per share over the year. Also, it missed the EPS estimates of the analysts of -$0.12.
AMBA: Events and Happenings
On January 06, 2022, AMBA updated on its partnership with Seeing Machines Ltd. Both the companies agreed upon bringing the integrated ADAS and occupant and driver monitoring system solutions to the market. On January 05, 2022, AMBA reported its preliminary AI Signal Processor. The company showcased its technology at the CES 2022.
On January 04, 2022, AMBA announced the CV3 AI domain controller family during the CES. SoCs CVflow family provides the automotive industry’s peak AI processing performance, at approximately 500 eTOPS, representing a 42x incline over the company’s previous automotive family. On December 15, 2021, AMBA informed its partnership with Autobrains for the development of an ADAS solutions scalable range for the massive automotive market. The companies had already developed an 8MP front ADAS solution targeting a single-box form factor.
Conclusion
AMBA stock outpaced various other companies in the previous year in the peak pandemic period as it inclined by 17%. Recently its stock faced a blow when the aftermarket recorded a decline in the stock after the company published its financial statement. It topped the revenue estimates but missed the EPS.
