Ambarella, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2022
February 28, 2022 at 04:14 pm EST
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Ambarella, Inc. reported earnings results for the fourth quarter and full year ended January 31, 2022. For the fourth quarter, the company reported sales was USD 90.23 million compared to USD 62.14 million a year ago. Net loss was USD 9.19 million compared to USD 12.49 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.35 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to USD 0.35 a year ago.
For the full year, sales was USD 331.86 million compared to USD 222.99 million a year ago. Net loss was USD 26.41 million compared to USD 59.79 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to USD 1.72 a year ago. Diluted loss per share from continuing operations was USD 0.72 compared to USD 1.72 a year ago.
Ambarella, Inc. is a developer of low-power system-on-a-chip (SoC) semiconductors that provide artificial intelligence processing, image signal processing and video compression. The Company serves human-viewing applications with video and image processors for enterprise, public infrastructure and home applications, such as Internet protocol, security cameras, sports cameras, wearables, aerial drones, and aftermarket automotive video recorders. It is focused on creating AI technology that enables edge devices to visually perceive the environment and make decisions based on the data collected from cameras and, other types of sensors. Its CVflow-architecture supports a range of computer vision algorithms, including object detection, classification and tracking, semantic and instance segmentation, image processing, stereo object detection, terrain mapping, and face recognition. Its CVflow processes other sensor modalities, including lidar, radar, time of flight, thermal and near-infrared.