I Still Can't Believe Ambarella, Inc. Spent $100 Million on Research and Development

I Still Can't Believe Ambarella, Inc. Spent $100 Million on Research and Development

Ambarella's (NASDAQ: AMBA) sales footprint shrank last year, but the company got more aggressive on spending rather than less so. Operating costs jumped to 47% of sales from closer to 40% in each of the prior two fiscal years. That shift sent net profit plunging to 18% in 2016 from 25% in the prior year.

AMBA Profit Margin (TTM) data by YCharts.

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Source: Fool.com