Ambarella, Inc. Announces First Quarter Fiscal Year 2023 Financial Results
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AMBARELLA, INC. | |
CONDENSED CONSOLIDATED BALANCE SHEETS | |
(unaudited, in thousands) | | | | | | | |
April 30, | |
January 31, | | | |
2022 | | | |
2022 | | | | | | | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 200,639 | | | $ | 171,043 | | | Accounts receivable, net | | 28,008 | | | | 44,307 | | | Inventories | | 41,523 | | | | 45,219 | | | Restricted cash | | 10 | | | | 10 | | | Prepaid expenses and other current assets | | 8,149 | | | | 6,169 | | | Total current assets | | 278,329 | | | | 266,748 | | | | | | | | Property and equipment, net | | 10,138 | | | | 10,134 | | | Deferred tax assets, non-current | | 13,970 | | | | 15,340 | | | Intangible assets, net | | 48,477 | | | | 46,302 | | | Operating lease right-of-use assets, net | | 10,292 | | | | 11,127 | | | Goodwill | | 303,625 | | | | 303,625 | | | Other non-current assets | | 3,834 | | | | 4,269 | | | | | | | | Total assets | $ | 668,665 | | | $ | 657,545 | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | Current liabilities: | | | | | Accounts payable | | 29,763 | | | | 31,170 | | | Accrued and other current liabilities | | 39,354 | | | | 52,064 | | | Operating lease liabilities, current | | 3,293 | | | | 3,391 | | | Income taxes payable | | 1,481 | | | | 1,245 | | | Deferred revenue, current | | 964 | | | | 1,414 | | | Total current liabilities | | 74,855 | | | | 89,284 | | | | | | | | Operating lease liabilities, non-current | | 7,438 | | | | 8,322 | | | Other long-term liabilities | | 12,024 | | | | 12,763 | | | | | | | | Total liabilities | | 94,317 | | | | 110,369 | | | | | | | | Shareholders' equity: | | | | | Preference shares | | — | | | | — | | | Ordinary shares | | 17 | | | | 17 | | | Additional paid-in capital | | 485,281 | | | | 447,287 | | | Retained earnings | | 89,050 | | | | 99,872 | | | Total shareholders’ equity | | 574,348 | | | | 547,176 | | | | | | | | Total liabilities and shareholders' equity | $ | 668,665 | | | $ | 657,545 | | | | | | | | | | |
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