Ambiq Micro, Inc. (AMBQ) 10-Year Financial Performance & Capital Metrics

AMBQ • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsProcessors & Microcontrollers

AboutAmbiq Micro, Inc. develops ultra-low-power integrated circuits for power-sensitive applications. It develops subthreshold power-optimized technology based on ultra-low-power real-time clock and microcontroller products for application in wearables, smart cards, wireless sensors, and Internet-of-Things (IoT) products. The company's flagship products include Apollo, a system on a chip for edge AI devices with host processors capable of software-based AI computations and Atomiq, targeting AI applications to provide AI acceleration along with new memory innovations. The company also offers technical support services. It offers products through sales representatives. Ambiq Micro, Inc. was formerly known as Cubiq Microchip, Inc. and changed its name to Ambiq Micro, Inc. in October 2012. The company was incorporated in 2010 and is based in Austin, Texas with additional offices in Shanghai and Shenzhen, China; Hsinchu, Taiwan; and Singapore.Show more

Revenue $76M +16.1%
EBITDA -$34M +21.2%
Net Income -$40M +21.2%
EPS (Diluted) -3.13 +37.4%
Gross Margin 31.93% +7.7%
EBITDA Margin -45.18% +32.1%
Operating Margin -53.39% +31.8%
Net Margin -52.14% +32.1%
ROE -54.75% +19.4%
ROIC -104.01% -29.6%
Debt/Equity 0.01 -34.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 30.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y14.27%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-42.71%

5Y Avg-42.71%

3Y Avg-49.74%

Latest-53.43%

Peer Comparison

Processors & Microcontrollers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	371.06B	227.92	227.92	13.69%	10.32%	5.44%	0.65%	0.04
LSCCLattice Semiconductor Corporation	11.66B	85.23	193.70	-30.9%	5.5%	3.86%	1.03%	0.02
NVDANVIDIA Corporation	4.55T	187.05	63.62	114.2%	53.01%	83.43%	1.34%	0.13
ICGIntchains Group Limited	57.43M	2.00	1.16	242.68%	6.51%	1.97%		0.00
PXLWPixelworks, Inc.	43.49M	6.91	-1.18	-27.6%	-73.56%	-90.71%		0.09
NANano Labs Ltd	75.56M	3.73	-2.23	-48.18%	-261.01%	-10.18%		0.85
WKEYWISeKey International Holding AG	74.69M	9.28	-3.50	-61.59%	-108.66%	-28.31%		0.10
LAESSEALSQ Corp	824.91M	4.65	-6.84	-63.47%	-141.28%	-42.3%		0.11

Profit & Loss

	Dec 2020	Dec 2021	Dec 2023	Dec 2024
Sales/Revenue+	50.97M	91.01M	65.54M	76.07M
Revenue Growth %	-	0.79%	-0.28%	0.16%
Cost of Goods Sold+	29.4M	60.24M	46.1M	51.78M
COGS % of Revenue	0.58%	0.66%	0.7%	0.68%
Gross Profit+	21.57M	30.77M	19.44M	24.29M
Gross Margin %	0.42%	0.34%	0.3%	0.32%
Gross Profit Growth %	-	0.43%	-0.37%	0.25%
Operating Expenses+	41.79M	55.87M	70.76M	64.9M
OpEx % of Revenue	0.82%	0.61%	1.08%	0.85%
Selling, General & Admin	14M	19.13M	26.74M	27.74M
SG&A % of Revenue	0.27%	0.21%	0.41%	0.36%
Research & Development	27.79M	36.11M	44.02M	37.17M
R&D % of Revenue	0.55%	0.4%	0.67%	0.49%
Other Operating Expenses	0	636K	0	0
Operating Income+	-20.21M	-25.1M	-51.32M	-40.61M
Operating Margin %	-0.4%	-0.28%	-0.78%	-0.53%
Operating Income Growth %	-	-0.24%	-1.04%	0.21%
EBITDA+	-18.29M	-22.49M	-43.61M	-34.37M
EBITDA Margin %	-0.36%	-0.25%	-0.67%	-0.45%
EBITDA Growth %	-	-0.23%	-0.94%	0.21%
D&A (Non-Cash Add-back)	1.93M	2.61M	7.72M	6.25M
EBIT	-20.21M	-24.46M	-51.32M	-40.61M
Net Interest Income+	-4.58M	43K	0	0
Interest Income	0	43K	0	0
Interest Expense	4.58M	0	0	0
Other Income/Expense	-4.98M	-216K	1.02M	980K
Pretax Income+	-25.2M	-25.32M	-50.3M	-39.63M
Pretax Margin %	-0.49%	-0.28%	-0.77%	-0.52%
Income Tax+	25K	25K	30K	28K
Effective Tax Rate %	1%	1%	1%	1%
Net Income+	-25.22M	-25.34M	-50.33M	-39.66M
Net Margin %	-0.49%	-0.28%	-0.77%	-0.52%
Net Income Growth %	-	-0%	-0.99%	0.21%
Net Income (Continuing)	-25.22M	-25.34M	-50.33M	-39.66M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	-1.85	-0.10	-5.00	-3.13
EPS Growth %	-	0.95%	-49%	0.37%
EPS (Basic)	-1.85	-0.10	-5.00	-3.13
Diluted Shares Outstanding	13.61M	248.89M	10.45M	13.61M
Basic Shares Outstanding	13.61M	248.89M	10.45M	13.54M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2023	Dec 2024
Total Current Assets+	94.79M	98.84M	63.86M	88.96M
Cash & Short-Term Investments	65.05M	25.92M	27.32M	60.98M
Cash Only	65.05M	25.92M	27.32M	60.98M
Short-Term Investments	0	0	0	0
Accounts Receivable	10.99M	20.69M	12.28M	10.4M
Days Sales Outstanding	78.73	82.97	68.36	49.91
Inventory	7.43M	33.68M	21.48M	15.01M
Days Inventory Outstanding	92.31	204.08	170.06	105.8
Other Current Assets	803K	2.01M	2.79M	2.57M
Total Non-Current Assets+	4.9M	6.29M	8.57M	15.32M
Property, Plant & Equipment	3.2M	5.49M	2.97M	3.54M
Fixed Asset Turnover	15.94x	16.57x	22.04x	21.46x
Goodwill	0	0	0	0
Intangible Assets	1.62M	700K	5.56M	11.73M
Long-Term Investments	0	0	0	0
Other Non-Current Assets	81K	96K	40K	49K
Total Assets+	99.68M	105.13M	72.43M	104.28M
Asset Turnover	0.51x	0.87x	0.90x	0.73x
Asset Growth %	-	0.05%	-0.31%	0.44%
Total Current Liabilities+	6.08M	14.8M	12.92M	11.77M
Accounts Payable	2.81M	11.04M	2.41M	2.93M
Days Payables Outstanding	34.95	66.91	19.08	20.68
Short-Term Debt	0	0	0	0
Deferred Revenue (Current)	0	0	0	0
Other Current Liabilities	15K	34K	1.55M	1.7M
Current Ratio	15.59x	6.68x	4.94x	7.56x
Quick Ratio	14.36x	4.40x	3.28x	6.28x
Cash Conversion Cycle	136.09	220.14	219.34	135.03
Total Non-Current Liabilities+	1.3M	1.32M	382K	6.76M
Long-Term Debt	0	0	0	0
Capital Lease Obligations	0	0	219K	333K
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	1.3M	1.32M	163K	6.43M
Total Liabilities	7.38M	16.12M	13.3M	18.53M
Total Debt+	0	0	1.02M	966K
Net Debt	-65.05M	-25.92M	-26.3M	-60.02M
Debt / Equity	-	-	0.02x	0.01x
Debt / EBITDA	-	-	-	-
Net Debt / EBITDA	-	-	-	-
Interest Coverage	-4.42x	-	-	-
Total Equity+	92.3M	89.01M	59.13M	85.75M
Equity Growth %	-	-0.04%	-0.34%	0.45%
Book Value per Share	6.78	0.36	5.66	6.30
Total Shareholders' Equity	92.3M	89.01M	59.13M	85.75M
Common Stock	0	0	0	0
Retained Earnings	-132.75M	-158.1M	-277.87M	-320.25M
Treasury Stock	0	0	0	0
Accumulated OCI	24K	200K	-839K	-520K
Minority Interest	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2023	Dec 2024
Cash from Operations+	-34.64M	-52.88M	-26.96M	-21.43M
Operating CF Margin %	-0.68%	-0.58%	-0.41%	-0.28%
Operating CF Growth %	-	-0.53%	0.49%	0.21%
Net Income	-25.22M	-25.34M	-50.33M	-39.66M
Depreciation & Amortization	1.93M	2.61M	7.72M	6.25M
Stock-Based Compensation	702K	1.29M	2.62M	5.17M
Deferred Taxes	0	0	0	0
Other Non-Cash Items	4.84M	5.14M	125K	1.7M
Working Capital Changes	-16.89M	-36.58M	12.91M	5.11M
Change in Receivables	-136K	-10.88M	-2.98M	1.75M
Change in Inventory	-3.61M	-26.46M	15.16M	6.04M
Change in Payables	-1.55M	8.23M	-3.94M	821K
Cash from Investing+	-4.59M	-4.62M	-3.02M	-3.73M
Capital Expenditures	-2.63M	-4.62M	-459K	-658K
CapEx % of Revenue	0.05%	0.05%	0.01%	0.01%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	-1.96M	0	-2.56M	-3.07M
Cash from Financing+	94.06M	18.2M	31.77M	58.84M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	-2.35M	354K	516K	0
Net Change in Cash	-	-	-	-
Free Cash Flow+	-39.23M	-57.5M	-29.98M	-25.16M
FCF Margin %	-0.77%	-0.63%	-0.46%	-0.33%
FCF Growth %	-	-0.47%	0.48%	0.16%
FCF per Share	-2.88	-0.23	-2.87	-1.85
FCF Conversion (FCF/Net Income)	1.37x	2.09x	0.54x	0.54x
Interest Paid	98K	0	0	0
Taxes Paid	0	0	0	0

Key Ratios

Metric	2020	2021	2023	2024
Return on Equity (ROE)	-27.32%	-27.95%	-67.95%	-54.75%
Return on Invested Capital (ROIC)	-55.64%	-41.68%	-80.26%	-104.01%
Gross Margin	42.32%	33.81%	29.66%	31.93%
Net Margin	-49.48%	-27.85%	-76.8%	-52.14%
Debt / Equity	-	-	0.02x	0.01x
Interest Coverage	-4.42x	-	-	-
FCF Conversion	1.37x	2.09x	0.54x	0.54x
Revenue Growth	-	78.54%	-27.99%	16.07%

Frequently Asked Questions

Growth & Financials

Ambiq Micro, Inc. (AMBQ) reported $76.1M in revenue for fiscal year 2024. This represents a 49% increase from $51.0M in 2020.

Ambiq Micro, Inc. (AMBQ) grew revenue by 16.1% over the past year. This is strong growth.

Ambiq Micro, Inc. (AMBQ) reported a net loss of $39.7M for fiscal year 2024.

Dividend & Returns

Ambiq Micro, Inc. (AMBQ) has a return on equity (ROE) of -54.7%. Negative ROE indicates the company is unprofitable.

Ambiq Micro, Inc. (AMBQ) had negative free cash flow of $25.2M in fiscal year 2024, likely due to heavy capital investments.

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