Previously, according to the FactSet survey, analysts had originally expected AnBaBa's first quarter revenue, non-GAAP diluted earnings per share of 56.1 million US dollars, 0.09 US dollars.
An Ba spent about $20.6 million in the first quarter of fiscal year 2019 to buy back 437,448 shares of its own company. From the current $50 million share repurchase program launched on July 1, 2017, Anba has bought back 818,154 shares. Ordinary shares, the average price is 47.54 US dollars, the total amount of about 38.9 million US dollars.
As of July 31, 2018, Anba estimated that revenue for the second quarter of fiscal year 2019 would be between 60 million and 64 million U.S. dollars, and non-GAAP gross margin would be between 59.0 and 61.0%. According to the FactSet survey , Analysts had originally expected Ambark’s second-quarter revenue to reach $68.2 million.
Due to the decline in GoPro business revenue, Ambarna launched the computer vision chip CV1 to meet ADAS, electronic rearview mirrors and panoramic images for autonomous driving applications. In the summer of 2015, Anba acquired Palma, Italy, for US$30 million. VisLab, a startup company at the University of Parma. The team led by Alberto Founder Alberto Broggi is the backbone of Ambarella's highly automated AV software stack.
On March 28 this year, Ambarella announced a visual chip called CV2, which can provide deep neural network and stereo vision processing. It aims at the ADAS and the auto-driving car market. Unlike CV1, CV2 meets the requirements of the vehicle class. .
As of 2017, Mobileye has shipped 9 million chips for ADAS systems. On the road to pursue Mobileye, Anba has a long way to go.