Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2023

Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

AMBARELLA, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands)

	January 31,			January 31,
		2023			2022

ASSETS
Current assets:
Cash and cash equivalents	$	113,541		$	171,043
Marketable debt securities		93,322			—
Accounts receivable, net		51,987			44,307
Inventories		40,486			45,219
Restricted cash		8			10
Prepaid expenses and other current assets		5,288			6,169
Total current assets		304,632			266,748

Property and equipment, net		11,814			10,134
Deferred tax assets, non-current		19,276			15,340
Intangible assets, net		58,497			46,302
Operating lease right-of-use assets, net		8,339			11,127
Goodwill		303,625			303,625
Other non-current assets		4,012			4,269

Total assets	$	710,195		$	657,545

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		17,845			31,170
Accrued and other current liabilities		56,655			52,064
Operating lease liabilities, current		3,539			3,391
Income taxes payable		4,112			1,245
Deferred revenue, current		1,311			1,414
Total current liabilities		83,462			89,284

Operating lease liabilities, non-current		5,097			8,322
Other long-term liabilities		15,548			12,763

Total liabilities		104,107			110,369

Shareholders' equity:
Preference shares		—			—
Ordinary shares		18			17
Additional paid-in capital		572,076			447,287
Accumulated other comprehensive loss		(492	)		—
Retained earnings		34,486			99,872
Total shareholders’ equity		606,088			547,176

Total liabilities and shareholders' equity	$	710,195		$	657,545