SANTA CLARA, Calif. - Ambarella, Inc. (NASDAQ: NASDAQ:AMBA), a company specializing in edge AI semiconductor technology, has scheduled its earnings conference call for the fourth quarter and fiscal year 2024 for Tuesday, February 27 at 1:30 p.m. Pacific Time. The firm will release its earnings report after the market closes on the same day.
Participants who wish to ask questions during the conference call must register online beforehand to receive dial-in numbers and a personal identification number (PIN), which will be required to access the call.
The conference call will be broadcast live, and a replay will be available via webcast on the company's investor relations website.
Ambarella's technology portfolio includes products that are integral to various human vision and edge AI applications. These applications range from video security and advanced driver assistance systems (ADAS) to electronic mirrors, drive recorders, driver and cabin monitoring, autonomous driving, and robotics. The company's low-power systems-on-chip (SoCs) are designed to deliver high-resolution video compression, advanced image and radar processing, and deep neural network processing capabilities, facilitating intelligent perception, fusion, and planning.
This announcement is based on a press release statement from Ambarella.
InvestingPro Insights
As Ambarella, Inc. (NASDAQ: AMBA) prepares to share its earnings report, investors and analysts are closely monitoring the company's financial health and market performance. According to InvestingPro data, Ambarella holds a market capitalization of approximately $2.23 billion, indicating its significant presence in the semiconductor sector. Despite a challenging market, the company has managed to maintain a gross profit margin of 60.27% over the last twelve months as of Q3 2024, showcasing its ability to retain a substantial portion of its revenue after accounting for the cost of goods sold.
InvestingPro Tips reveal that Ambarella holds more cash than debt on its balance sheet, suggesting a solid financial position that could weather economic uncertainties. Additionally, 15 analysts have revised their earnings upwards for the upcoming period, reflecting a positive sentiment about the company's future performance. However, it's worth noting that analysts anticipate a sales decline in the current year and do not expect the company to be profitable this year.
For investors interested in a deeper dive into Ambarella's financials and forecasts, there are additional tips available on InvestingPro. By using the coupon code PRONEWS24, readers can get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights that could inform investment decisions.
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