Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2016 Financial Results

The following table presents details of stock-based compensation expense included in each functional line item in the consolidated statements of operations above:

         
    Three Months Ended January 31,      Twelve Months Ended January 31,   
   2016    2015    2016    2015  
  (unaudited, in thousands) 
Stock-based compensation:        
Cost of revenue$  249  $  129  $  657  $  343  
Research and development   7,116     3,072     19,082     8,654  
Selling, general and administrative   4,181     2,384     11,355     6,695  
         
Total stock-based compensation$  11,546  $  5,585  $  31,094  $  15,692  
         


AMBARELLA, INC.
RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS PER SHARE
(in thousands, except share and per share data)
         
    Three Months Ended January 31,      Twelve Months Ended January 31,   
   2016    2015    2016    2015  
  (unaudited) 
GAAP net income$  5,096  $  17,674  $  76,508  $  50,571  
Two-class method - allocation to participating securities    (1)       (11 )  
Treasury stock method - additional allocation to ordinary shares         1    
GAAP net income - diluted $   5,096     $   17,673     $   76,508     $   50,561    
                 
Non-GAAP adjustments:                
Stock-based compensation expense, net of tax effect     10,414         4,919         27,766         13,866    
Valuation allowance on deferred tax assets     6,090           6,090      
Acquisition cost         1,229      
Two-class method - additional allocation to participating securities           (3 )  
Treasury stock method - additional allocation to ordinary shares        
Non-GAAP net income - diluted $   21,600     $   22,592     $   111,593     $   64,424    
                 
GAAP - diluted weighted average shares     33,747,273         33,074,033         33,755,709         32,278,127    
Non-GAAP - diluted weighted average shares     33,747,273         33,074,033         33,755,709         32,278,127    
                 
GAAP - diluted net income per share $   0.15     $   0.53     $   2.27     $   1.57    
Non-GAAP adjustments:                
Stock-based compensation expense, net of tax effect     0.31         0.15         0.82         0.43    
Valuation allowance on deferred tax assets     0.18           0.18      
Acquisition cost         0.04      
Non-GAAP adjustment to two-class method diluted net income        
Non-GAAP adjustment to treasury stock method diluted net income        
Non-GAAP - diluted net income per share $   0.64     $   0.68     $   3.31     $   2.00    
                 

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