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 March 31, 2024 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 ...

Exhibit 99.1 Amplitude Announces First Quarter 2024 Financial Results • Annual recurring revenue was $285 million, up 9% year over year • First quarter revenue of $72.6 million, up 9% year over year • First quarter Cash Flow from Operations of $(0.05) million and Free Cash Flow of $(1.1) million, representing a 7 percentage point increase in Free Cash Flow margin year over year SAN FRANCISCO – May 9, 2024 – Amplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced financial resul ...

Investors with an interest in Technology Services stocks have likely encountered both Qifu Technology, Inc. (QFIN) and Amplitude, Inc. (AMPL) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores ...

The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Bear, joined by Chris Taylor, vice president of NYSE Listings and Services, rings the opening bell.In 2020, as data analytics software vendor Snowflake was hitting the public market, one of the key stats it was touting to investors was net revenue retention.Snowflake's NRR at the time was 158%, meaning its existing customer base from a year earlier had increased its total ...

Core Insights - SPX Technologies (SPXC) and Amplitude, Inc. (AMPL) are being compared for their attractiveness to value investors, with SPXC currently holding a stronger position in terms of earnings outlook and valuation metrics [1][2]. Valuation Metrics - SPXC has a forward P/E ratio of 21.97, significantly lower than AMPL's forward P/E of 147.20, indicating that SPXC may be undervalued compared to AMPL [3]. - The PEG ratio for SPXC is 1.22, while AMPL's PEG ratio stands at 4.79, suggesting that SPXC offers better value relative to its expected earnings growth [3]. - SPXC's P/B ratio is 4.15, compared to AMPL's P/B of 4.88, further supporting the notion that SPXC is a more attractive investment based on valuation metrics [3]. Investment Ratings - SPXC currently holds a Zacks Rank of 2 (Buy), while AMPL has a Zacks Rank of 3 (Hold), indicating a stronger earnings outlook for SPXC [2]. - Based on the valuation metrics and earnings outlook, SPXC is considered the superior value option compared to AMPL [3].

Eugene Mymrin/Moment via Getty Images Amplitude (NASDAQ:AMPL) provides a digital analytics platform that helps companies understand user behavior in their digital products. It offers self-service insights, customer journey analysis, and experimentation tools, enabling data-driven decisions for product improvement and business growth. Since its IPO at $54 in 2021, share performance has been lackluster. The share price has plummeted by -78%. Upon testing the all-time high of $83 in November 2021, the shar ...

Shares of Amplitude (AMPL 0.09%) were slipping this week after the cloud software stock posted disappointing results in its fourth-quarter earnings report and offered weak guidance for 2024.Amplitude, which specializes in digital product data analytics, helps companies gain insights about the way customers use their products so they can improve them and increase the return on their investment.As of Thursday's close, Amplitude stock was down 16.2%, according to data from S&P Global Market Intelligence. Ampli ...

Core Insights - Amplitude's shares fell 16.3% following mixed quarterly results and disappointing forward guidance [1] Financial Performance - Q4 2023 revenue increased by 9% year over year to $71.4 million, with adjusted net income of $0.04 per share, surpassing analyst expectations of $0.03 per share [2] - The number of paying customers grew by 37% year over year to 2,723, while annual recurring revenue (ARR) increased by 10% to $281 million [2] - The company achieved positive free cash flow of $1.5 million in Q4, a turnaround from negative free cash flow of $5.9 million in the same period last year [2] Future Guidance - For full-year 2024, Amplitude projected revenue between $291.5 million and $294.5 million, with adjusted net income expected to be between $0.06 and $0.08 per share, both below Wall Street's consensus estimates of $0.12 per share on revenue of $297.4 million [3] - Despite decent top-line growth and improvements in profitability and cash flow, market expectations were higher, leading to a negative stock response [3]

Financial Data and Key Metrics Changes - Q4 revenue was $71.4 million, representing a 9% year-over-year increase [5][21] - Annual recurring revenue (ARR) reached $281 million, up $8 million from Q3, marking a 10% year-over-year growth [5][21] - Non-GAAP operating margin expanded by almost 10 percentage points year-over-year [5] - Free cash flow for Q4 was $1.5 million, and for the full year 2023, it was $22 million, reflecting a 13 percentage point improvement over the previous year [5][23] Business Line Data and Key Metrics Changes - The customer base grew to over 2,700, with 511 customers paying more than $100,000 annually, up from 480 at the end of 2022 [5][21] - Customers paying over $1 million annually increased to 39, up from 30 at the end of the previous year [21] - Non-analytics ARR crossed the $30 million threshold by the end of 2023 [22] Market Data and Key Metrics Changes - Q4 was the largest quarter for new enterprise logo wins in the company's history, indicating strong market traction [11][20] - The company experienced broad-based growth across all customer sizes, despite total churn remaining high but lower than previous quarters [5][20] Company Strategy and Development Direction - The company launched the Plus plan to effectively serve the lower end of the market, enhancing its go-to-market efforts [6][18] - Focus on product-led growth and strategic sales efforts targeting high-potential accounts [6][18] - Continued investment in product innovation, including AI-powered capabilities and improved customer data platform (CDP) solutions [8][9][18] Management's Comments on Operating Environment and Future Outlook - Management noted that while slower growth is expected in 2024, the long-term opportunity remains unchanged, with digital products continuing to proliferate [15][16] - There is optimism regarding recent renewal cohorts performing better, indicating potential for improved growth [15][22] - The company plans to maintain a focus on driving profitable growth and product innovation [19][27] Other Important Information - The company welcomed a new Chief Product Officer, Francois Ajenstat, to enhance product leadership and innovation [10] - Management emphasized the importance of collaboration as a competitive differentiator, launching team workspaces to facilitate cross-functional collaboration [9] Q&A Session Summary Question: How does the demand environment feel today compared to February 2023? - Management indicated that demand remains strong, with slight improvements noted in the current environment compared to the previous year [28][30] Question: What accounts for the guidance of 6% growth despite strong ARR growth? - Management explained that anticipated churn in Q1 and Q2 is expected to offset new ARR, leading to a conservative growth outlook [31][32] Question: Can you discuss the timeline of license rationalization amid layoffs in tech? - Management acknowledged that while there are pressures from layoffs, they are seeing improvements in renewal cohorts and expect a better environment moving forward [34][35] Question: What opportunities exist to get other products into the hands of customers? - Management highlighted the importance of operational maturity and strategic engagement with senior executives to drive product adoption and retention [40][41] Question: How should we interpret the light revenue performance in Q4? - Management noted that overages were lower than expected, prompting a reassessment of revenue guidance for 2024 [46][47] Question: What visibility do you have into the Q2 renewal base? - Management indicated that the renewal base is concentrated in Q1 and Q2, with expectations of higher churn due to multiyear contracts from previous years [75]

Amplitude, Inc. (AMPL) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of 150%.Over the last four quarters, the company has su ...