Amplitude, Inc. (NASDAQ:AMPL) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Yaoxian Chew - VP, IR Spenser Skates - Co-Founder, CEO & Chairperson Christopher Harms - CFO, Principal Financial Officer, Principal Accounting Officer & Treasurer Conference Call Participants Koji Ikeda - Bank of America Merrill Lynch Patrick Schulz - Robert W. Baird & Co. Claire Gerdes - UBS Tyler Radke - Citigroup Arjun Bhatia - William Blair & Company Michael Vidovic - KeyBanc Capital Markets El ...

Revenue and Profitability - Revenue for Q2 2023 increased to $67.767 million, up from $58.130 million in Q2 2022, representing a 16.6% year-over-year growth[20] - Gross profit for Q2 2023 was $50.587 million, up from $41.070 million in Q2 2022, indicating a 23.2% year-over-year growth[20] - Total revenue for the six months ended June 30, 2023 was $134.2 million, with $82.2 million from the United States and $52.1 million from international markets[42] - Revenue recognized in the six months ended June 30, 2023 from deferred revenue as of December 31, 2022 was $75.6 million[39] Net Loss and Accumulated Deficit - Net loss for Q2 2023 was $27.758 million, compared to a net loss of $24.568 million in Q2 2022, reflecting a 13% increase in losses[20] - Accumulated deficit as of June 30, 2023, was $327.240 million, compared to $273.167 million as of December 31, 2022, indicating a 19.8% increase in losses[17] - Net loss for the six months ended June 30, 2023 was $54,073 thousand compared to $46,788 thousand for the same period in 2022[28] - Accumulated deficit increased from $226,579 thousand at June 30, 2022 to $327,240 thousand at June 30, 2023[26][23] - Net loss attributable to common stockholders was $27.758 million and $54.073 million for the three and six months ended June 30, 2023, respectively[89] - Basic and diluted net loss per share was $(0.24) and $(0.47) for the three and six months ended June 30, 2023, respectively[89] Operating Expenses - Total operating expenses for Q2 2023 were $81.474 million, compared to $65.653 million in Q2 2022, a 24.1% increase[20] - Research and development expenses for Q2 2023 were $22.435 million, up from $20.306 million in Q2 2022, a 10.5% increase[20] - Sales and marketing expenses for Q2 2023 were $38.326 million, compared to $34.135 million in Q2 2022, a 12.3% increase[20] - The company incurred $8.2 million in restructuring charges related to workforce reduction in Q2 2023[92] Cash and Cash Equivalents - Cash and cash equivalents as of June 30, 2023, were $234.363 million, up from $218.494 million as of December 31, 2022[16] - Total cash, cash equivalents, and restricted cash decreased to $235.2 million as of June 30, 2023 from $310.9 million as of December 31, 2022[48] - Cash, cash equivalents, and restricted cash decreased from $310,875 thousand at June 30, 2022 to $235,225 thousand at June 30, 2023[28] - As of June 30, 2023, the company had $234.4 million in cash and cash equivalents and $84.4 million in marketable securities[187] Accounts Receivable and Deferred Revenue - Accounts receivable as of June 30, 2023, were $34.148 million, compared to $22.716 million as of December 31, 2022, a 50.3% increase[16] - Deferred revenue as of June 30, 2023, was $113.491 million, up from $89.993 million as of December 31, 2022, reflecting a 26.1% increase[16] - Deferred revenue increased by $23,498 thousand in 2023 compared to $29,073 thousand in 2022[28] - Accounts receivable increased by $12,006 thousand in 2023 compared to $7,543 thousand in 2022[28] - Unrecognized transaction price related to remaining performance obligations was $246.3 million as of June 30, 2023, with $191.8 million expected to be recognized within 12 months[39][40] Stockholders' Equity and Stock-Based Compensation - Total stockholders' equity decreased from $294,969 thousand at December 31, 2022 to $288,850 thousand at June 30, 2023[23] - Stock-based compensation expense increased from $28,339 thousand in 2022 to $41,920 thousand in 2023[28] - Additional paid-in capital increased from $524,632 thousand at June 30, 2022 to $616,953 thousand at June 30, 2023[26][23] - Total stock-based compensation expense for the six months ended June 30, 2023 was $41.92 million, compared to $28.34 million for the same period in 2022[79] - The company recorded $35.2 million in stock-based compensation expense related to RSUs for the six months ended June 30, 2023, up from $16.3 million for the same period in 2022[73] - As of June 30, 2023, the company had $166.8 million in unrecognized stock-based compensation expense related to RSUs, expected to be recognized over 2.41 years[74] Stock Options and Equity Plans - The company has authorized the issuance of 600 million shares of Class A common stock and 600 million shares of Class B common stock, with Class B shares having five votes per share compared to one vote per Class A share[63] - As of June 30, 2023, the company had 15,327,959 equity plan stock options outstanding, a decrease from 16,767,752 as of December 31, 2022[65] - The company's 2021 Incentive Award Plan has reserved 19,592,880 shares of Class A common stock for future issuance as of June 30, 2023[67] - Stock options granted during the six months ended June 30, 2023 had a weighted average grant date fair value of $6.84 per share, compared to $15.63 per share for the same period in 2022[71] - The company's 2021 Employee Stock Purchase Plan has reserved 4,251,616 shares of Class A common stock for future issuance as of June 30, 2023[77] - 0.7 million shares have been purchased under the ESPP as of June 30, 2023, with $1.3 million in stock-based compensation expense recognized for the six months ended June 30, 2023[78] Operating Activities and Cash Flow - Cash provided by operating activities improved significantly from $2,353 thousand in 2022 to $15,345 thousand in 2023[28] Assets and Liabilities - Prepaid expenses and other current assets decreased to $16.3 million as of June 30, 2023 from $20.3 million as of December 31, 2022[50] - Accrued expenses increased to $23.7 million as of June 30, 2023 from $18.7 million as of December 31, 2022, primarily due to higher accrued commissions and restructuring charges[52] - Fair value of available-for-sale securities was $84.4 million as of June 30, 2023, with $56.0 million due within one year[54][56] - Net carrying amount of intangible assets decreased to $1.2 million as of June 30, 2023 from $2.0 million as of December 31, 2022[59] Business Model and Customer Concentration - The company operates as a single segment business with its Digital Analytics Platform delivered through a SaaS model[31] - No customer accounted for 10% or more of total revenue for the three and six months ended June 30, 2023 and 2022, but one customer represented 13% of accounts receivable as of June 30, 2023[37] Tax and Lease Obligations - The company had an effective tax rate of (0.6)% and (0.9)% for the three and six months ended June 30, 2023, respectively[81] - Future minimum lease payments under non-cancellable operating leases as of June 30, 2023 totaled $9.332 million, with a present value of $9.011 million after imputed interest[84] Risk Factors - A hypothetical 10% change in interest rates would not materially affect the fair value of the company's investment portfolio[187] - The company has minimal foreign currency risk as most subscription agreements are denominated in U.S. dollars[188] - Inflation has not had a material effect on the company's business, results of operations, or financial condition[189]

Amplitude, Inc. (NASDAQ:AMPL) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Yaoxian Chew – Vice President-Investor Relations Spenser Skates – Chief Executive Officer and Co-Founder Chris Harms – Chief Financial Officer Conference Call Participants Elizabeth Porter – Morgan Stanley Koji Ikeda – Bank of America Michael Turits – KeyBanc Claire Gerdes – UBS Rob Oliver – Baird Clarke Jefferies – Piper Arjun Bhatia – Blair Tyler Radke – Citi Nick Altmann – Scotia Gil Luria – D.A. Da ...

Financial Performance - Revenue for Q1 2023 was $66,477,000, representing a 25.3% increase from $53,065,000 in Q1 2022[17] - Gross profit for Q1 2023 was $47,290,000, up from $37,002,000 in Q1 2022, indicating a gross margin improvement[17] - Operating expenses totaled $76,463,000 in Q1 2023, compared to $58,993,000 in Q1 2022, reflecting a 29.5% increase[17] - Net loss for Q1 2023 was $26,315,000, compared to a net loss of $22,220,000 in Q1 2022, showing a deterioration in profitability[17] - Basic and diluted net loss per share for Q1 2023 was $(0.23), compared to $(0.20) for Q1 2022[17] - Net loss for Q1 2023 was $26,315 thousand, compared to a net loss of $22,220 thousand in Q1 2022, representing an increase of approximately 18.5%[26] - The Company recognized $19.957 million in total stock-based compensation expense for the three months ended March 31, 2023, compared to $13.503 million for the same period in 2022[78] Cash and Assets - Cash and cash equivalents as of March 31, 2023, were $214,062,000, slightly down from $218,494,000 as of December 31, 2022[13] - Total current assets increased to $326,626,000 as of March 31, 2023, from $284,434,000 as of December 31, 2022[13] - Cash, cash equivalents, and restricted cash at the end of Q1 2023 were $214,920 thousand, down from $301,272 thousand at the end of Q1 2022[26] - As of March 31, 2023, total cash, cash equivalents, and restricted cash amounted to $214.9 million, a decrease of 28.6% from $301.3 million as of December 31, 2022[46] - The fair value of available-for-sale securities as of March 31, 2023, was $84.1 million, with gross unrealized losses of $482,000[53] - The company had cash and cash equivalents of $214.1 million and marketable securities of $84.1 million as of March 31, 2023[168] Liabilities and Equity - Total liabilities rose to $121,311,000 as of March 31, 2023, compared to $118,786,000 as of December 31, 2022[13] - The company reported an accumulated deficit of $299,482,000 as of March 31, 2023, up from $273,167,000 as of December 31, 2022[14] - The company’s total stockholders' equity decreased to $291,220,000 as of March 31, 2023, from $294,969,000 as of December 31, 2022[14] Deferred Revenue and Commissions - Deferred revenue as of March 31, 2023, was $240,358 thousand, down from $248,176 thousand as of December 31, 2022[39] - The company recognized $49.1 million in revenue during Q1 2023 that was included in deferred revenue as of December 31, 2022[38] - Total deferred commissions at the end of Q1 2023 were $36,404 thousand, an increase from $31,075 thousand at the end of Q1 2022[42] Operating Activities - Cash used in operating activities for Q1 2023 was $5,061 thousand, an improvement from $8,289 thousand in Q1 2022[26] - The company reported a significant increase in accounts receivable, which totaled $8,145 thousand in Q1 2023 compared to $2,905 thousand in Q1 2022[26] Stock Options and Compensation - As of March 31, 2023, the total outstanding stock options were 16,169,545, with an aggregate intrinsic value of $130,973 thousand[68] - The total intrinsic value of options exercised for the three months ended March 31, 2023 was $5.2 million, down from $25.6 million in the same period of 2022[69] - Stock-based compensation expense related to Restricted Stock Units (RSUs) for the three months ended March 31, 2023 was $16.6 million, compared to $6.1 million for the same period in 2022[72] - As of March 31, 2023, total unrecognized stock-based compensation expense related to RSUs was $170.6 million, expected to be recognized over a weighted average remaining vesting period of 2.60 years[73] Future Expectations and Risks - The Company expects to incur non-recurring charges of approximately $7 million to $9 million related to a restructuring plan aimed at reducing its global workforce by approximately 13%[91] - The company does not expect a 10% increase or decrease in interest rates to materially affect the fair value of its investment portfolio[168] - The majority of subscription agreements are denominated in U.S. dollars, with minimal exposure to foreign currencies[169] - The company has not entered into derivative or hedging transactions for foreign currency risks, as historical impacts have not been material[169] - A hypothetical 10% change in the value of the U.S. dollar relative to other currencies would not materially affect the company's operating results[169] - The company does not believe inflation has had a material effect on its business or financial condition[170] - Significant inflationary pressures could harm the company's business and results of operations if costs cannot be offset[170]

Amplitude, Inc. (NASDAQ:AMPL) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Yaoxian Chew - Vice President, Investor Relations Spenser Skates - Chief Executive Officer & Co-Founder Hoang Vuong - Chief Financial Officer Conference Call Participants Koji Ikeda - Bank of America Arjun Bhatia - Blair Elizabeth Porter - Morgan Stanley Rob Oliver - Baird Tyler Radke - Citi John Gomez - Scotia Claire Gerdes - UBS Michael Turits - KeyBanc Yaoxian Chew [Starts Abruptly] Investor R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40817 AMPLITUDE, INC. (Exact name of Registrant as specified in its Charter) Delaware 45-3937349 (State or other jurisdiction of inco ...

Amplitude, Inc. (NASDAQ:AMPL) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Yaoxian Chew - Vice President, Investor Relations Spenser Skates - Chief Executive Officer & Co-Founder Hoang Vuong - Chief Financial Officer Conference Call Participants Michael Vidovic - KeyBanc Clarke Jeffries - Piper Sandler Arjun Bhatia - William Blair Koji Ikeda - Bank of America Merrill Lynch Nick Altmann - Scotia Claire Guido - UBS Tyler Radke - Citi Yaoxian Chew Hello, everyone. Welcome t ...

Amplitude, Inc. (NASDAQ:AMPL) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Yaoxian Chew – Vice President-Investor Relations Spenser Skates – Chief Executive Officer and Co-Founder Hoang Vuong – Chief Financial Officer Conference Call Participants Koji Ikeda – Bank of America Tyler Radke – Citi Taylor McGinnis – UBS Nick Altmann – Scotia Arjun Bhatia – William Blair Fiona Hynes – Morgan Stanley Patrick Schulz – Baird Michael Vidovic – KeyBanc Yaoxian Chew Hello, everyone. W ...