Amba reported

Investment Analysis Clubs Saul’s Investing Discussions
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Looks like Amba did well.

Ambarella, Inc. AMBA, +0.40% a leading developer of low-power, HD video compression and image processing semiconductors, today announced financial results for its fiscal fourth quarter and year ended January 31, 2015.

Revenue for the fourth quarter of fiscal 2015 was $64.7 million, up 61.9% from $40.0 million in the same period in fiscal 2014. For the fiscal year ended January 31, 2015, revenue was $218.3 million, up 38.5% from $157.6 million for the year ending January 31, 2014.

Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth quarter of fiscal 2015 was 64.1%, compared with 64.0% for the same period in fiscal 2014. For the year ended January 31, 2015, GAAP gross margin was 63.7%, compared with 63.4% for the year ended January 31, 2014.

GAAP net income for the fourth quarter of fiscal 2015 was $17.7 million, or $0.53 per diluted ordinary share, compared with GAAP net income of $5.5 million, or $0.18 per diluted ordinary share, for the same period in fiscal 2014. GAAP net income for the year ended January 31, 2015 was $50.6 million, or $1.57 per diluted ordinary share. This compares with GAAP net income of $25.7 million, or $0.85 per diluted ordinary share, for the year ended January 31, 2014.

http://www.marketwatch.com/story/ambarella-inc-announces-fou…

Andy

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Amazing results. PE is 31.5. Adj EPS growth is 162%. Net cash on balance sheet is $6.30 per share.

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CC should give some clarity as to how much Xiaomi deal is going to bring in revenue. I think it will be large.

Htownrich

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Incredible numbers. They have a long way to grow in my opinion. This is just the beginning. Interestingly (and eerily), it seems the movements of AMBA and GoPro were predicted by an article on SA 1 month ago: http://seekingalpha.com/article/2893646-buy-ambarella-and-av….

Anyway, AMBA has quickly grown to 5% of my portfolio since adding it at $19 in Sept 2013. Glad I had enough conviction to buy a full position at the moment I became aware of their business. I am in for the Foolish long term.

The very best to all.
Vic

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