After the close, Ambarella (AMBA) reported FQ4 quarterly results that beat estimates. The guidance for FQ1 just shows how the CV chips can't gain traction. After reporting FQ4 revenues of $51.1 million, the company gave horrible guidance for the current quarter. Revenues are expected to keep dipping along with gross margins. Even worse, the forecast is for an operating loss in the $3+ million range. Continue to avoid the hype of the computer visions chips of Ambarella with no signs that major customers are actually glamoring for the chips. Disclosure: No position.