Ambarella, Inc. Ordinary Shares - AMBA STOCK NEWS

Ambarella has partnered with eInfochips to enhance AI perception-based product development. This collaboration aims to advance design services for AI camera products utilizing Ambarella’s CVflow® edge AI SoC platform. With the IoT market expected to grow significantly, the partnership will accelerate development across fields such as robotics and security. Together, they offer services including multi-sensor camera designs and AI algorithm porting. This synergy seeks to tap into a projected 12% market penetration of deep learning technologies by 2028.

Ambarella, Inc. (NASDAQ: AMBA) reported Q2 fiscal 2023 revenue of $80.9 million, a 2% increase from the prior year. For the first half of the fiscal year, revenue rose 15% to $171.2 million. Gross margin improved to 63.1%. However, net loss for Q2 was $23.7 million, compared to a $7.2 million loss in Q2 fiscal 2022. Non-GAAP net income was $7.6 million, a decrease from $13.1 million year-over-year. For Q3, Ambarella projects revenue between $81 million and $85 million with gross margins of 63%-64%.

Ambarella, Inc. (NASDAQ: AMBA) will hold its second quarter fiscal year 2023 earnings conference call on August 30, 2022, at 1:30 p.m. PT. The earnings release will be issued after market close on the same day. Interested participants must register in advance to receive dial-in numbers and a personal identification number (PIN) for the call. The live webcast and replay of the conference will be available online. Ambarella specializes in edge AI semiconductor solutions used in video security, ADAS, and robotics applications, offering high-resolution video processing and advanced image processing capabilities.

Ambarella has been selected by Inceptio Technology to provide its edge AI SoCs for an advanced, automotive-grade central computing platform. This collaboration involves four CVflow SoCs to enhance Inceptio's XUANYUAN autonomous driving system for trucks, optimizing performance for seven 8MP cameras to deliver surround perception and ADAS safety features. With a growing market for commercial vehicles, Inceptio's use of Ambarella's technology aims to improve collision avoidance systems, positioning both companies to capitalize on significant market opportunities as autonomous vehicle shipments increase.

Ambarella (NASDAQ: AMBA) announced its CV2FS automotive AI SoC received ASIL C certification from exida, enhancing safety in automotive perception systems. This certification is a notable advancement beyond typical ASIL B levels and supports both ADAS and Level 4 autonomy. The certification process confirms the SoC's capability to address safety risks and detect hardware failures, promoting a less complex system that accelerates market entry and reduces costs. Ambarella's design strategy integrates safety from the outset, positioning it advantageously in the semiconductor market.

Ambarella, Inc. (NASDAQ: AMBA) reported a 29% increase in Q1 revenue for fiscal 2023, totaling $90.3 million, compared to $70.1 million in Q1 fiscal 2022. The GAAP net loss was $10.8 million, or $0.29 per share, a slight improvement from $0.30 per share last year. Non-GAAP results showed a net income of $17.1 million, or $0.44 per share. For Q2, revenue guidance is estimated at $78.0 million to $82.0 million. Total cash at the end of Q1 was $200.6 million, down from $435.5 million a year prior. Ambarella faces challenges due to supply chain disruptions in Asia.

Ambarella, Inc. (NASDAQ: AMBA) will hold its first quarter fiscal year 2023 earnings conference call on May 31, 2022, at 1:30 p.m. PT. The company intends to release its earnings report after market closure on the same day. Interested U.S. participants can dial 877-304-8963, while international callers can reach out at 760-666-4834. A live webcast will be available on Ambarella’s investor relations website. Ambarella specializes in edge AI semiconductors for various applications, including video security and autonomous driving.

Lumentum Holdings and Ambarella have introduced a joint reference design named Vision-D that integrates edge AI with privacy-focused capabilities for smart building applications. This design combines Lumentum's advanced flood illuminator with Ambarella's CV22 edge AI SoC, facilitating enhanced occupancy monitoring and intelligent space management while maintaining privacy. The occupancy sensor market is projected to grow significantly, indicating a rising demand for such innovative solutions. Vision-D supports diverse applications, including healthcare and smart retail, and is available now.

Ambarella, Inc. (NASDAQ: AMBA) announced the appointment of Brian C. White as Chief Financial Officer, effective after the filing of its fiscal year 2022 Annual Report on April 1. White has over 30 years of finance experience, previously serving as CFO at Maxim Integrated Products and Integrated Device Technology. CEO Fermi Wang expressed confidence in White's ability to drive growth and enhance value. White highlighted Ambarella's expanding AI product portfolio, emphasizing the company's potential for significant growth in various markets, including autonomous vehicles and AI radar perception.