Earnings Review - Ambarella

LONDON, April 1, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free earnings review on Ambarella Inc. (NASDAQ: AMBA). On March 03, 2015, the company reported its financial results for Q4 FY15 and FY15 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Ambarella&d=01-Apr-2015&s=AMBA to read our free earnings review on Ambarella Inc. (Ambarella). During Q4 FY15 and full-year FY15, the company's revenue grew 61.9% Y-o-Y and 38.5% Y-o-Y, respectively. President and CEO at Ambarella, Fermi Wang, stated that the company's strong Q4 FY15 and FY15 results reflect the steady expansion of its product offerings and customer growth across core markets, as well as early growth in new markets. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Ambarella&d=01-Apr-2015&s=AMBA

Earnings Overview 

During Q4 FY15, Ambarella's revenue increased to $64.70 million from $39.97 million in Q4 FY14. The company's Q4 FY15 revenue outperformed Bloomberg analysts' forecasts of $59.38 million. Ambarella's GAAP gross margin stood at 64.1% in Q4 FY15 compared to 64.0% in Q4 FY14. Furthermore, the company's non-GAAP gross margin was 64.3% in Q4 FY15 compared to 64.1%, in Q4 FY14. Free research on AMBA can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Ambarella&d=01-Apr-2015&s=AMBA

For Q4 FY15, Ambarella's GAAP net income surged to $17.67 million, or $0.53 per diluted ordinary share, from $5.53 million, or $0.18 per diluted ordinary share, in Q4 FY14. Analysts from Bloomberg had expected Q4 FY15 GAAP net income of $12.43 million, or $0.38 per diluted ordinary share. Moreover, the company's non-GAAP net income increased to $22.59 million, or $0.68 per diluted ordinary share, in the reported quarter from $8.18 million, or $0.26 per diluted ordinary share, in Q4 FY14.

Mr. Wang informed that during Q4 FY15, the company had strong year-over-year growth in its wearable, IP Security and automotive aftermarket revenues. Ambarella's revenue for FY15 was up 38.5% from FY14, reflecting the company's commitment to developing leading edge technology that underpins the development of innovative video capture devices, he added.

During FY15, Ambarella reported revenue of $218.28 million compared to $157.61 million in FY14. The company's FY15 revenue outperformed Bloomberg analysts' forecasts of $213.00 million. Ambarella's GAAP gross margin stood at 63.7% in FY15 compared to 63.4% in FY14. Moreover, the company non-GAAP gross margin was 63.9% in FY15 compared to 63.5% in FY14. Sign up and read the free analyst's notes on AMBA at:

http://get.Investor-Edge.com/pdf/?c=Ambarella&d=01-Apr-2015&s=AMBA

In FY15, Ambarella's GAAP net income came in at $50.57 million, or $1.57 per diluted ordinary share, compared to $25.65 million, or $0.85 per diluted ordinary share, in FY14. Analysts from Bloomberg had expected FY15 GAAP net income of $45.30 million, or $1.41 per diluted ordinary share. Further, the company's non-GAAP net income was $64.42 million, or $2.00 per diluted ordinary share, in FY15 compared to $33.18 million, or $1.10 per diluted ordinary share, in FY14.

As of January 31, 2015, the company had cash, cash equivalents and marketable securities of $207.99 million compared to $143.39 million as of January 31, 2014.

Stock Performance  

On the day following the earnings release, March 04, 2015, Ambarella's stock rallied 7.04% to end the session at $67.49. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Tuesday, March 31, 2015, the company's shares finished 1.47% higher at $75.71, after vacillating between $73.81 and $77.39 during the session. A total of 2.51 million shares were traded which was above the stock's three months average volume of 1.97 million shares. Over the last one month and over the previous three months, the company's shares have surged 31.92% and 49.27%, respectively. Additionally, the stock has rallied 183.45% in the past one year. Shares in Ambarella are trading above their 50-day and 200-day moving averages of $61.13 and $45.47, respectively. Furthermore, the stock traded at a PE ratio of 48.53 and has a Relative Strength Index (RSI) of 69.02. Visit Investor-Edge and access the latest research on AMBA at:

http://get.Investor-Edge.com/pdf/?c=Ambarella&d=01-Apr-2015&s=AMBA

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 32 insider transactions made by 8 individuals. Between March 06, 2015 and March 30, 2015, a total of 95,385 shares have been purchased at an average price of $5.39 per share and for a total value of $514,562. During the stated period, a total of 176,113 shares, worth $12.04 million, were sold at an average price of $68.37 per share. The following are some of the transactions during the aforementioned period: Leslie (Les) Kohn, Chief Technology Officer at Ambarella, purchased 67,552 shares at an average price of $3.06 and disposed 83,863 shares at an average price of $70.51 per share. Fermi Wang bought 6,667 shares at an average price of $2.93 and disposed 47,172 shares at an average price of $65.07 per share. On March 25, 2015, Lip-Bu Tan, Director at Ambarella, bought 15,277 shares at an average price of $15.52 and sold an equal number of shares at an average price of $69.44 per share. Complimentary in-depth research on AMBA is available at:

http://get.Investor-Edge.com/pdf/?c=Ambarella&d=01-Apr-2015&s=AMBA

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