Core Viewpoint - Amplitude, Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its revenue growth and business strategy, particularly related to its land-and-expand strategy and the impact of the COVID-19 pandemic on its financial performance [2][3]. Group 1: Allegations and Legal Proceedings - The complaint against Amplitude claims that the company and its executives violated federal securities laws by making false or misleading statements and failing to disclose critical information about the company's revenue growth strategy [2]. - Specifically, it is alleged that Amplitude's land-and-expand strategy was not expected to significantly accelerate revenues among newer clients for several years [2]. - The lawsuit also points out that the rapid revenue growth in the second quarter of 2021 was largely due to temporary effects from the COVID-19 pandemic, which did not persist into the class period [2]. Group 2: Financial Impact and Stock Performance - On February 16, 2022, Amplitude revised its 2022 revenue guidance downward from over 40% growth to a range of $226 million to $234 million, equating to a growth rate of 35% to 40% [3]. - Following this announcement, Amplitude's stock price experienced a significant decline, falling nearly 59% [3]. Group 3: Class Action Details - The deadline for investors to seek the role of lead plaintiff in the class action is April 15, 2024 [1]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [4].

Core Insights - Amplitude, Inc. has expanded its Digital Analytics Platform to include new features such as Session Replay, enhanced experimentation capabilities, and a visual tag editor, aimed at improving customer understanding and product development [1][2][3] Product Features - **Session Replay**: This feature allows companies to visualize user journeys, providing insights into customer preferences and obstacles, thus enhancing conversion rates and overall customer experience. It is available now [2][3] - **Experiment for Web**: New web experimentation capabilities enable teams to test multiple landing pages for optimized performance, set to be available in the first half of 2024 [2][3] - **Visual Tag Editor**: This tool simplifies the data collection process, making it easier for teams to track user activity on websites or apps, also expected to launch in the first half of 2024 [2][3] Market Relevance - The customer experience with digital products significantly influences business success, necessitating a comprehensive understanding of customer behavior to create personalized experiences that enhance engagement and retention [2] Customer Testimonials - A Product Manager from Homebot highlighted the importance of a centralized platform for data visibility, stating that Amplitude has integrated data into their decision-making process, allowing for effective analysis and iterative changes [3] Pricing Plans - Amplitude offers various plans tailored for organizations of different sizes, including: - **Free Plan**: Basic insights for product decisions - **Plus Plan**: Enhanced experimentation and personalization tools - **Growth Plan**: Advanced analytics and dedicated support - **Enterprise Plan**: Scalable solutions with enterprise-grade security [3]

SAN FRANCISCO--(BUSINESS WIRE)--Amplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced that it will release its financial results for the fourth quarter and full year 2023 after market close on Tuesday, February 20, 2024. Amplitude will host a video webcast that day at 2:00 PM PT to discuss its financial results and provide its financial outlook for the first quarter and full year 2024. The webcast will be available on the Investor Relations section of Amplitude’s website at ...

SAN FRANCISCO--(BUSINESS WIRE)--Amplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced the hiring of two key executives in Europe and Asia who will lead Amplitude’s growth in their respective regions. Matt Bennett joins the company as vice president for Asia Pacific Japan (APJ), and Tansu Yegen joins as vice president for Central Europe, East Europe, the Commonwealth of Independent States, Middle East and Africa. “There is an increasingly diverse set of companies across EME ...

Amplitude, Inc. (NASDAQ:AMPL) Q3 2023 Earnings Conference Call November 7, 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 Nick Altman - Scotia Clark Jeffries - Piper Tyler Radke - Citi Patrick Schultz - Baird Taylor McGinnis - UBS Michael Vidovic - KeyBanc Yaoxian Chew Hello, everyone. Welco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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 ...

Financial Data and Key Metrics Changes - The company reported Q2 2023 revenue of $67.8 million, representing a 17% year-over-year increase, exceeding previous guidance [5][22] - Annual recurring revenue (ARR) reached $268 million, an 18% year-over-year increase [22] - Non-GAAP gross margin improved to 77.5%, up 3 percentage points year-over-year [5][24] - Operating cash flow was a record $20.4 million, with positive free cash flow of $19.3 million, indicating a strong cash position moving forward [5][25] - Net income per share was $0.02, compared to a loss of $0.08 in the previous year [25] Business Line Data and Key Metrics Changes - The company experienced a rebound in new ARR, driven by significant expansions from long-term customers [22][23] - The mix of new ARR was over 2:1 between expansions and new customer acquisitions [23] - New products, specifically Experiment and CDP, exceeded $20 million in ARR [23] Market Data and Key Metrics Changes - The company noted increased churn rates, particularly among startups and larger companies optimizing their spending [6][22] - Net revenue retention (NRR) declined to 108% on a trailing 12-month basis, with period NRR at 101%, down from 118% in Q2 2022 [24] Company Strategy and Development Direction - The company is focused on three strategic pillars: win simple, win the enterprise, and win the category, aiming to enhance customer experience and drive growth [7][10][11] - The introduction of AI features aims to improve user engagement and streamline data management processes [15][16] - The company is positioning itself to capitalize on the convergence of marketing, product, and experience analytics [10][37] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism despite macroeconomic challenges, emphasizing the importance of adapting to customer needs [6][20] - The company anticipates continued churn but believes it is a temporary phase in the macro cycle [6][27] - For Q3 2023, revenue guidance is set between $69.7 million and $70.3 million, reflecting a 14% growth rate at the midpoint [26] Other Important Information - The company is implementing a new tax withholding approach for RSU vesting, estimating a cash impact of $5 million to $6 million [28] - Cash, cash equivalents, and marketable securities totaled $319 million at the end of Q2 [25] Q&A Session Summary Question: How to reconcile the growth metrics with the revenue guidance implying flat Q4 growth? - Management acknowledged the impact of a large expansion on ARR and noted that the revenue guidance reflects a neutral performance outlook for new ARR in Q3 and Q4 [30][31] Question: Can you elaborate on the large expansion deal mentioned? - The expansion involved a long-term customer increasing their scope and volume, indicating a positive trend for future expansions [32][33] Question: How has the competitive environment changed with the sunset of Google Analytics? - The company has seen increased win rates and customer migrations from Google Analytics, contributing to growth [36][37] Question: What are the opportunities for leveraging the expense base for profitability? - Management highlighted the focus on restructuring and optimizing go-to-market functions to improve profitability while continuing to invest in growth [39][41] Question: How has the user mix changed since the IPO? - There has been an increase in marketing team users, allowing the company to access larger budgets and expand its market presence [47][50] Question: What is the status of the Amplitude CDP in relation to competitors? - The company is close to parity with leading CDPs in terms of connections and is focused on offering flexible data solutions [54][56] Question: How does the company view customer concentration and its impact on forecasts? - Management acknowledged the volatility from a small number of high-dollar customers but remains optimistic about long-term growth despite short-term adjustments [60][62]

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]