NASDAQ$AMPL

Amplitude Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Announced first quarter 2023 financial results.

Amplitude's first quarter revenue reached $66.5 million, a 25% increase year-over-year. The number of paying customers grew by 28% to 2,175, and the dollar-based Net Retention Rate (NRR) was 106%.

  • First quarter revenue was $66.5 million, up 25% year-over-year.
  • The number of paying customers grew 28% year-over-year to 2,175.
  • Dollar-based Net Retention Rate (NRR) was 106%.
  • Annual Recurring Revenue was $262 million, an increase of 25% year-over-year.

Headline financials

Total Revenue

$66.5M

Previous: $53.1M+25.3%
EPS (adj)

-$0.04

Previous: -$0.07+42.9%
Annual Recurring Revenue

$262M

No prior period
Capital Expenditures

-$329K

Previous: -$713K+53.9%
Free Cash Flow

-$26.6M

Previous: -$22.9M-16.2%
Net Income

-$26.3M

Previous: -$22.2M-18.4%
Operating Income

-$29.2M

Previous: -$22M-32.7%
Gross Profit

$47.3M

Previous: $37M+27.8%
Cash & Equivalents

$214M

Previous: $300M-28.7%
Total Assets

$413M

Previous: $414M-0.4%
Stock-Based Comp

$20M

Previous: $13.5M+47.8%

Revenue & EPS history

Amplitude · Revenue · Quarterly

$66.5M

Q1 2023+25.3%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

For the second quarter of 2023, Amplitude expects revenue between $66.5 - $67.2 million, a non-GAAP operating loss between $(1.1) - $(0.6) million, and a non-GAAP net income per share between $0.01 - $0.02. For the full year 2023, the company expects revenue between $266.0 - $269.0 million, a non-GAAP operating loss between $(8.4) - $(6.0) million, and a non-GAAP net income per share between $0.02 - $0.04.

Tailwinds

  • Second Quarter 2023 Revenue: $66.5 - $67.2 million
  • Second Quarter 2023 Non-GAAP Operating Loss: $(1.1) - $(0.6) million
  • Second Quarter 2023 Non-GAAP Net Income Per Share: $0.01 - $0.02
  • Full Year 2023 Revenue: $266.0 - $269.0 million
  • Full Year 2023 Non-GAAP Operating Loss: $(8.4) - $(6.0) million

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 2023

Historical avgQ1 2023

-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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