NASDAQ$AMPL

Amplitude Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a strong first quarter with revenue up 60% year-over-year and continued growth in paying customers and net retention rate.

Amplitude announced its Q1 2022 financial results, reporting revenue of $53.1 million, a 60% increase year-over-year. The company's number of paying customers grew by 49% to 1,701, and the dollar-based net retention rate was 126%.

  • Revenue increased by 60% year-over-year to $53.1 million.
  • Current Remaining Performance Obligations increased by 62% year-over-year to $149.6 million.
  • The number of paying customers increased by 49% year-over-year to 1,701.
  • Dollar-based net retention rate was 126%.

Headline financials

Total Revenue

$53.1M

No prior period
EPS (adj)

-$0.07

No prior period
Dollar-based Net Retention Rate

126.0%

No prior period
Capital Expenditures

-$713K

No prior period
Free Cash Flow

-$22.9M

No prior period
Net Income

-$22.2M

No prior period
Operating Income

-$22M

No prior period
Gross Profit

$37M

No prior period
Cash & Equivalents

$300M

No prior period
Total Assets

$414M

No prior period
Stock-Based Comp

$13.5M

No prior period

Revenue & EPS history

Amplitude · Revenue · Quarterly

$53.1M

Q1 2022
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

For the second quarter of 2022, Amplitude expects revenue between $54.5 million and $55.5 million, and a non-GAAP operating margin between -24% and -23%. For the full year 2022, the company expects revenue between $229 million and $235 million, and a non-GAAP operating margin between -20% and -19%.

Tailwinds

  • Revenue between $54.5 million and $55.5 million
  • Full year 2022 Revenue between $229 million and $235 million
  • Non-GAAP Operating Margin (24%) - (23%)
  • Full Year Non-GAAP Operating Margin (20%) - (19%)
  • Weighted Average Shares Outstanding 111.6 million

Headwinds

  • Non-GAAP Net Loss Per Share $(0.12) - $(0.11)
  • Full Year Non-GAAP Net Loss Per Share $(0.41) - $(0.39)
  • Uncertainties related to the company’s limited operating history
  • Risks related to any decline in customer retention
  • Potential impact of unfavorable conditions in the global economy

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-4.1%

Avg return

Earnings day

-3.2%

Avg return

5 days after

-4.8%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+22.1%

Q2 2022

Best reaction

-61.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-21.4%-17.8%+1.9%
Q4 2025-0.3%-4.9%-2.4%
Q3 2025+2.8%+16.0%+15.8%
Q1 2025+11.2%+25.3%+35.2%
Q4 2024+21.9%+8.2%-1.7%
Q3 2024-0.8%+5.3%+14.9%
Q2 2024+2.2%+10.8%+10.3%
Q1 2024-3.4%-1.1%-12.0%
Q4 2023-16.3%-14.4%-18.4%
Q3 2023+0.2%-1.9%+7.8%
Q2 2023+6.0%+5.5%+17.9%
Q1 2023-7.8%-14.0%-12.2%
Q4 2022-8.5%-8.0%-23.7%
Q3 2022-11.9%-15.4%-18.1%
Q2 2022+22.1%+24.1%-0.1%
Q1 2022+0.7%-8.3%+11.1%
Q4 2021-61.3%-53.3%-59.3%
Q3 2021-6.9%-8.0%-29.4%
Q4 2020-6.9%-8.0%-29.4%
Q2 2021
Q3 2020
Q2 2020
Q1 2020

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