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Ambarella (AMBA)

Ambarella, Inc. manufactures high definition video compression and image processing semiconductors. The Company products used in digital still cameras, camcorders, and video-enabled mobile phones.

Company profile

Ticker
AMBA
Exchange
CEO
Feng-Ming Wang
Employees
Location
Fiscal year end
SEC CIK
Subsidiaries
Ambarella Corporation • Ambarella International Limited • Ambarella International LP • Ambarella Limited • Ambarella Shanghai Co., Ltd. • Ambarella Taiwan Ltd. • Spondias Corporation • VisLab S.r.l. ...

AMBA stock data

Calendar

8 Jun 22
26 Jun 22
31 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 200.65M 200.65M 200.65M 200.65M 200.65M 200.65M
Cash burn (monthly) (no burn) 2.24M 3.5M 2.52M (no burn) (no burn)
Cash used (since last report) n/a 4.26M 6.66M 4.79M n/a n/a
Cash remaining n/a 196.39M 193.99M 195.86M n/a n/a
Runway (months of cash) n/a 87.7 55.4 77.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 Verhalen Andrew W Ordinary Shares Option exercise Acquire M No No 0 377 0 71,467
16 Jun 22 Verhalen Andrew W RSU Ordinary Shares Option exercise Dispose M No No 0 377 0 377
16 Jun 22 Chen Yun-Lung Ordinary Shares Option exercise Acquire M No No 0 1,383 0 42,670
16 Jun 22 Chen Yun-Lung RSU Ordinary Shares Option exercise Dispose M No No 0 379 0 4,172
16 Jun 22 Chen Yun-Lung RSU Ordinary Shares Option exercise Dispose M No No 0 293 0 2,055
16 Jun 22 Chen Yun-Lung RSU Ordinary Shares Option exercise Dispose M No No 0 711 0 2,135
16 Jun 22 Chan W Lee Ordinary Shares Sell Dispose S No No 66.25 2,184 144.69K 62,778
16 Jun 22 Chan W Lee Ordinary Shares Option exercise Acquire M No No 0 4,047 0 64,962
16 Jun 22 Chan W Lee RSU Ordinary Shares Option exercise Dispose M No No 0 1,077 0 11,851
16 Jun 22 Chan W Lee RSU Ordinary Shares Option exercise Dispose M No No 0 733 0 5,137
74.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 281 314 -10.5%
Opened positions 45 78 -42.3%
Closed positions 78 34 +129.4%
Increased positions 112 94 +19.1%
Reduced positions 88 118 -25.4%
13F shares Current Prev Q Change
Total value 3.2B 9.91B -67.7%
Total shares 28.43M 28.15M +1.0%
Total puts 549.4K 913K -39.8%
Total calls 938.3K 1.4M -33.0%
Total put/call ratio 0.6 0.7 -10.1%
Largest owners Shares Value Change
BLK Blackrock 4.03M $422.62M +14.9%
Vanguard 3.52M $368.83M +1.6%
IVZ Invesco 1.3M $136.05M +3.2%
STT State Street 1.18M $124.08M +19.7%
MCQEF Macquarie 1.01M $106.32M -4.6%
Alliancebernstein 770.72K $80.86M -15.5%
Geode Capital Management 644.84K $67.68M +2.7%
AXAHF Axa 608.36K $63.83M +39.9%
Dimensional Fund Advisors 579.81K $60.83M -1.7%
Renaissance Technologies 571.1K $59.92M +127.3%
Largest transactions Shares Bought/sold Change
BLK Blackrock 4.03M +522.7K +14.9%
Lord, Abbett & Co. 0 -495.17K EXIT
JPM JPMorgan Chase & Co. 111.39K -468.65K -80.8%
Norges Bank 0 -418.66K EXIT
Driehaus Capital Management 220.42K -367.17K -62.5%
Newbrook Capital Advisors 0 -339.25K EXIT
Renaissance Technologies 571.1K +319.9K +127.3%
Maplelane Capital 435K +293K +206.3%
Robecosam 279.5K +279.5K NEW
Voloridge Investment Management 408.89K +269.63K +193.6%

Financial report summary

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Competition
IntelPANASONICTexas InstrumentsSonyXilinxExarQualcommFujitsuNVIDIAMaxLinear
Risks
  • The COVID-19 pandemic could adversely affect our business in a material way.
  • If our customers do not design our solutions into their product offerings, or if our customers’ product offerings are not commercially successful, our business would suffer.
  • If we fail to penetrate new markets, our revenue and financial condition could be harmed.
  • If we fail to develop and introduce new or enhanced solutions on a timely basis, our ability to attract and retain customers could be impaired and our competitive position could be harmed.
  • Our primary inventory warehouse is located in Hong Kong and may be affected by continued political, social, health and economic conditions in Hong Kong.
  • Our target markets may not grow or develop as we currently expect and are subject to market risks, any of which could harm our business, revenue and operating results.
  • Our customers may cancel their orders, change production quantities or delay production. If we fail to accurately forecast demand for our solutions, revenue shortfalls or excess, obsolete or insufficient inventory could result.
  • We depend on a limited number of customers and end customers for a significant portion of our revenue. If we fail to retain or expand our customer relationships, our revenue could decline.
  • Achieving design wins is subject to lengthy competitive selection processes that require us to incur significant costs. Even if we begin a product design, a customer may decide to cancel or change its product plans, resulting in no revenue from such expenditures.
  • We expect competition to increase in the future, which could have an adverse effect on our revenue and market share.
  • A breach of our security systems may have a material adverse effect on our business.
  • The loss of any of our key personnel could seriously harm our business.
  • We rely on highly skilled personnel and, if we are unable to hire, retain or motivate key personnel, we may not be able to grow effectively.
  • The average selling prices of video and image processing solutions in our target markets have typically decreased over time and will likely do so in the future, which could harm our revenue and gross margins.
  • Deterioration of the financial conditions of our customers could adversely affect our operating results.
  • We are subject to the cyclical nature of the semiconductor industry.
  • We may experience difficulties in transitioning to new wafer fabrication process technologies or in achieving higher levels of design integration, which may result in reduced manufacturing yields, delays in product deliveries and increased costs.
  • Rapidly changing industry standards could make our video and image processing solutions obsolete, which would cause our operating results to suffer.
  • Some of our operations and a significant portion of our customers and our subcontractors are located outside of the United States, which subjects us to additional risks, including increased complexity and costs of managing international operations and geopolitical instability.
  • Our acquisition of Oculii Corp. involves a number of risks, including, among others, risks associated with our use of a significant portion of our cash, other financial risks, integration risks, and risks associated with the reactions of customers and suppliers.
  • The Oculii acquisition or potential future acquisitions involve a number of risks, including, among others, those associated with our use of a significant portion of our cash and other financial risks.
  • Our acquisition of Oculii and any acquisitions we may make in the future could disrupt our business, cause dilution to our shareholders, reduce our financial resources and harm our business.
  • The complexity of calculating our tax provision may result in errors that could result in restatements of our financial statements.
  • Fluctuations in our operating results on a quarterly and annual basis could cause the market price of our ordinary shares to decline.
  • If we do not generate revenue growth, we may not be able to execute our business plan and our operating results could suffer.
  • We may have difficulty accurately predicting our future revenue and appropriately budgeting our expenses.
  • Changes to financial accounting standards may affect our results of operations and could cause us to change our business practices.
  • We cannot predict our future capital needs, and we may not be able to obtain additional financing to fund our operations.
  • We do not have long-term supply contracts with our third-party manufacturing vendors, and they may not allocate sufficient capacity to us at reasonable prices to meet future demands for our solutions.
  • Our customers incorporate components supplied by multiple third parties, and a supply shortage or delay in delivery of these components could delay orders for our solutions by our customers.
  • We outsource our wafer fabrication, assembly and testing operations to third parties, and if these parties fail to produce and deliver our products according to requested demands in specification, quantity, cost and time, our reputation, customer relationships and operating results could suffer.
  • We are subject to risks associated with our distributors' product inventories.
  • Camera manufacturers incorporate components supplied by multiple third parties, and a supply shortage or delay in delivery of these components could delay orders for our solutions by our customers.
  • We rely on third-party vendors to supply software development tools to us for the development of our new products, and we may be unable to obtain the tools necessary to develop or enhance new or existing products.
  • We rely on third parties to provide services and technology necessary for the operation of our business. Any failure of one or more of our vendors, suppliers or licensors to provide such services or technology could harm our business.
  • Our ability to sell our products to several China customers has been restricted.
  • Global economic and political conditions, including possible trade tariffs and trade restrictions, may have an impact on our business and financial condition in ways that we currently cannot predict.
  • We are subject to warranty and product liability claims and to product recalls.
  • Failure to comply with the U.S. Foreign Corrupt Practices Act, or FCPA, and similar laws associated with our activities outside of the United States could subject us to penalties and other adverse consequences.
  • We, our customers and third-party contractors are subject to increasingly complex environmental regulations and compliance with these regulations may delay or interrupt our operations and adversely affect our business.
  • We are subject to regulatory compliance requirements, including Section 404 of the Sarbanes-Oxley Act of 2002, which are costly to comply with, and our failure to comply with these requirements could harm our business and operating results.
  • Changes in effective tax rates or adverse outcomes resulting from examination of our income tax returns could adversely affect our results.
  • We may be classified as a passive foreign investment company which could result in adverse U.S. federal income tax consequences for U.S. holders of our ordinary shares.
  • Our failure to adequately protect our intellectual property rights could impair our ability to compete effectively or defend ourselves from litigation, which could harm our business, financial condition and results of operations.
  • Third parties’ assertions of infringement of their intellectual property rights could result in our having to incur significant costs and cause our operating results to suffer.
  • Any potential dispute involving our patents or other intellectual property could affect our customers, which could trigger our indemnification obligations to them and result in substantial expense to us.
  • The use of open source software in our products, processes and technology may expose us to additional risks and compromise our proprietary intellectual property.
  • The market price of our ordinary shares may be volatile, which could cause the value of your investment to decline.
  • Our actual operating results may not meet or exceed our guidance and investor expectations, which would likely cause our stock price to decline.
  • The price of our ordinary shares could decrease as a result of shares being sold in the market.
  • Provisions of our memorandum and articles of association and Cayman Islands corporate law may discourage or prevent an acquisition of us which could adversely affect the value of our ordinary shares.
  • Holders of our ordinary shares may face difficulties in protecting their interests because we are incorporated under Cayman Islands law.
  • If our operations are interrupted, our business and reputation could suffer.
  • If securities analysts or industry analysts downgrade our ordinary shares, publish negative research or reports or fail to publish reports about our business, our stock price and trading volume could decline.
Management Discussion
  • We derive substantially all of our revenue from the sale of HD and Ultra HD video and image processing SoC solutions to IP security camera OEMs, IP security camera ODMs, OEM or Tier-1 automotive suppliers, and consumer camera OEMs, either directly or through our distributors. In recent years, our SoC solutions have been primarily used in camera markets, such as IP security, automotive video recorder, drone and wearable cameras. Although we expect these human viewing camera markets, in particular the IP security and automotive video recorder markets, to continue to generate revenue for the foreseeable future, we have recently introduced new SoCs targeting emerging AI and computer vision applications in the IP security camera, OEM automotive, industrial and robotics markets. We derive a substantial portion of our revenue from sales made indirectly through our two major distributors, WT Microelectronics Co., Ltd., formerly Wintech Microelectronics Co., Ltd., or WT, and Hakuto Co., Ltd., or Hakuto, a Japan distributor, and directly to one of our ODM customers, Chicony Electronics Co., Ltd., or Chicony.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
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