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Ambarella reports 2Q12 financial results

By Renaissance Capital,  September 13, 2012, 09:43:56 AM EDT

IPO prospect Ambarella, a developer of semiconductor offerings for high definition video capture and display, reported financial results for the second quarter ended July 31, 2012 in an amendment filed with the SEC on Thursday. Revenues rose 7% sequentially to $27.9 million in the second quarter primarily due to the seasonality of the camera market, though sales rose 26% year-over-year as well. Net profit margin reached its highest point in the past three years at 19%, increasing from 4% in the second quarter of 2011.

The Santa Clara, CA-based company, which was founded in 2004 and booked $107 million in sales for the 12 months ended July 31, 2012, plans to list on the NASDAQ under the symbol AMBA. Morgan Stanley and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: AMBA



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