Ambarella, Inc. Announces First Quarter Fiscal Year 2022 Financial Results
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AMBARELLA, INC.
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CONDENSED CONSOLIDATED BALANCE SHEETS | |
(unaudited, in thousands) | | | | | | | |
April 30, | |
January 31, | | | |
2021 | | | |
2021 | | | | | | | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 227,509 | | | $ | 241,274 | | | Marketable debt securities | | 208,020 | | | | 199,434 | | | Accounts receivable, net | | 34,528 | | | | 24,974 | | | Inventories | | 33,120 | | | | 26,081 | | | Restricted cash | | 10 | | | | 10 | | | Prepaid expenses and other current assets | | 5,361 | | | | 5,531 | | | Total current assets | | 508,548 | | | | 497,304 | | | | | | | | Property and equipment, net | | 6,308 | | | | 5,530 | | | Deferred tax assets, non-current | | 10,481 | | | | 10,914 | | | Intangible assets, net | | 17,291 | | | | 18,703 | | | Operating lease right-of-use assets, net | | 10,775 | | | | 9,659 | | | Goodwill | | 26,601 | | | | 26,601 | | | Other non-current assets | | 4,634 | | | | 4,569 | | | | | | | | Total assets | $ | 584,638 | | | $ | 573,280 | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | Current liabilities: | | | | | Accounts payable | | 20,644 | | | | 21,124 | | | Accrued and other current liabilities | | 44,897 | | | | 48,126 | | | Operating lease liabilities, current | | 2,992 | | | | 2,911 | | | Income taxes payable | | 700 | | | | 962 | | | Deferred revenue, current | | 770 | | | | 844 | | | Total current liabilities | | 70,003 | | | | 73,967 | | | | | | | | Operating lease liabilities, non-current | | 8,475 | | | | 7,525 | | | Other long-term liabilities | | 14,866 | | | | 16,812 | | | | | | | | Total liabilities | | 93,344 | | | | 98,304 | | | | | | | | Shareholders' equity: | | | | | Preference shares | | — | | | | — | | | Ordinary shares | | 16 | | | | 16 | | | Additional paid-in capital | | 375,021 | | | | 347,458 | | | Accumulated other comprehensive income | | 792 | | | | 1,219 | | | Retained earnings | | 115,465 | | | | 126,283 | | | Total shareholders’ equity | | 491,294 | | | | 474,976 | | | | | | | | Total liabilities and shareholders' equity | $ | 584,638 | | | $ | 573,280 | | | | | | |
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