10-Q Filing

AMBARELLA INC CIK: 1280263 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-015288`
Period End Date	20180430
Filing Date	20180608
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	amba-20180430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 30 Cash Flow Statement 67 Comprehensive Income 8

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.67M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$336.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$322.87M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$335.18M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$87.92M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$77.43M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.29M	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.73M	USD	Point-in-time
Inventories	`InventoryNet`	$22.97M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$23.38M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.00K	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	33.49M	shares	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	33.40M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.82M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	33.49M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	33.40M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$466.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$493.28M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.64M	USD	Point-in-time
Deferred tax assets, non-current	`DeferredTaxAssetsNetNoncurrent`	$3.64M	USD	Point-in-time
Deferred tax assets, non-current	`DeferredTaxAssetsNetNoncurrent`	$3.65M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$13.27M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.42M	USD	Point-in-time
Goodwill	`Goodwill`	$26.60M	USD	Point-in-time
Goodwill	`Goodwill`	$26.60M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.26M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.34M	USD	Point-in-time
Total assets	`Assets`	$519.15M	USD	Point-in-time
Total assets	`Assets`	$546.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.82M	USD	Point-in-time
Accrued and other current liabilities	`AccruedAndOtherLiabilitiesCurrent`	$21.27M	USD	Point-in-time
Accrued and other current liabilities	`AccruedAndOtherLiabilitiesCurrent`	$32.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$385.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$936.00K	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$307.00K	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$546.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.65M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.23M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$64.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.34M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preference shares, $0.00045 par value per share, 20,000,000 shares authorized and no shares issued and outstanding at April 30, 2018 and January 31, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.00045 par value per share, 20,000,000 shares authorized and no shares issued and outstanding at April 30, 2018 and January 31, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares, $0.00045 par value per share, 200,000,000 shares authorized at April 30, 2018 and January 31, 2018, respectively; 33,396,304 shares issued and outstanding at April 30, 2018; 33,489,614 shares issued and outstanding at January 31, 2018	`CommonStockValue`	$15.00K	USD	Point-in-time
Ordinary shares, $0.00045 par value per share, 200,000,000 shares authorized at April 30, 2018 and January 31, 2018, respectively; 33,396,304 shares issued and outstanding at April 30, 2018; 33,489,614 shares issued and outstanding at January 31, 2018	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$221.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$217.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-389.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-279.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$261.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$251.30M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$468.81M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$482.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$519.15M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$546.65M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$64.14M	USD	1 Quarter
Revenue	`Revenues`	$56.94M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$23.17M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$22.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$31.66M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.74M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.35M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.62M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-9.95M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$792.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$153.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.16M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$848.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$206.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.30	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.33M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.33M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-10.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$636.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$412.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$292.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.15M	USD	1 Quarter
Amortization/accretion of marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-57.00K	USD	1 Quarter
Amortization/accretion of marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$26.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.97M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.20M	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$-39.00K	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$-26.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-415.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.08M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-180.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.09M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$254.00K	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$8.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-56.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$81.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.08M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.64M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.05M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-551.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$281.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.87M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$11.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$294.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.02M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$8.97M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$7.07M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.00M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.50M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$15.85M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.49M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$955.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$671.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.54M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.71M	USD	1 Quarter
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$95.60M	USD	8 Qtrs
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$8.77M	USD	1 Quarter
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$20.62M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveEquityPlanAndEmployeeStockPurchasePlan`	$1.59M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveEquityPlanAndEmployeeStockPurchasePlan`	$1.67M	USD	1 Quarter
Payment for intangible asset	`PaymentForSoftwareLicenseLiabilities`	$799.00K	USD	1 Quarter
Payment for intangible asset	`PaymentForSoftwareLicenseLiabilities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.18M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.75M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.31M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.98M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$335.19M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$322.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$346.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$336.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$335.19M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$322.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$346.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$336.70M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$290.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$908.00K	USD	1 Quarter
Unpaid liabilities related to intangible and fixed assets additions	`CapitalExpendituresIncurredButNotYetPaidAndFinancingIncurredForIntangibleAndFixedAssetPurchases`	$9.94M	USD	1 Quarter
Unpaid liabilities related to intangible and fixed assets additions	`CapitalExpendituresIncurredButNotYetPaidAndFinancingIncurredForIntangibleAndFixedAssetPurchases`	$342.00K	USD	1 Quarter

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-10.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-110.00K	USD	1 Quarter
Unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-18.00K	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.00K	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-110.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-10.12M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.55M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.