Ambarella, Inc. Announces First Quarter Fiscal Year 2024 Financial Results
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AMBARELLA, INC. | |
CONDENSED CONSOLIDATED BALANCE SHEETS | |
(unaudited, in thousands) | | | | | | | |
April 30, | |
January 31, | | | |
2023 | | | |
2023 | | | | | | | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 127,741 | | | $ | 113,541 | | | Marketable debt securities | | 99,647 | | | | 93,322 | | | Accounts receivable, net | | 29,825 | | | | 51,987 | | | Inventories | | 41,223 | | | | 40,486 | | | Restricted cash | | 8 | | | | 8 | | | Prepaid expenses and other current assets | | 6,077 | | | | 5,288 | | | Total current assets | | 304,521 | | | | 304,632 | | | | | | | | Property and equipment, net | | 11,279 | | | | 11,814 | | | Deferred tax assets, non-current | | 18,430 | | | | 19,276 | | | Intangible assets, net | | 55,535 | | | | 58,497 | | | Operating lease right-of-use assets, net | | 7,485 | | | | 8,339 | | | Goodwill | | 303,625 | | | | 303,625 | | | Other non-current assets | | 3,906 | | | | 4,012 | | | | | | | | Total assets | $ | 704,781 | | | $ | 710,195 | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | Current liabilities: | | | | | Accounts payable | | 25,625 | | | | 17,845 | | | Accrued and other current liabilities | | 46,011 | | | | 56,655 | | | Operating lease liabilities, current | | 3,567 | | | | 3,539 | | | Income taxes payable | | 3,619 | | | | 4,112 | | | Deferred revenue, current | | 1,327 | | | | 1,311 | | | Total current liabilities | | 80,149 | | | | 83,462 | | | | | | | | Operating lease liabilities, non-current | | 4,163 | | | | 5,097 | | | Other long-term liabilities | | 14,278 | | | | 15,548 | | | | | | | | Total liabilities | | 98,590 | | | | 104,107 | | | | | | | | Shareholders' equity: | | | | | Preference shares | | — | | | | — | | | Ordinary shares | | 18 | | | | 18 | | | Additional paid-in capital | | 607,971 | | | | 572,076 | | | Accumulated other comprehensive loss | | (382 | ) | | | (492 | ) | | Retained earnings (accumulated deficit) | | (1,416 | ) | | | 34,486 | | | Total shareholders’ equity | | 606,191 | | | | 606,088 | | | | | | | | Total liabilities and shareholders' equity | $ | 704,781 | | | $ | 710,195 | | | | | | |
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