NASDAQ$AMPL

Amplitude Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended September 30, 2021.

Amplitude's revenue reached $45.5 million, a 72% increase year-over-year. The company's remaining performance obligations totaled $152.0 million, up 79% year-over-year, while current remaining performance obligations were $125.9 million, a 66% increase year-over-year. The number of paying customers grew 54% year-over-year to 1,417, and the dollar-based net retention rate was 121%.

  • Revenue of $45.5M, up 72% year-over-year.
  • Current Remaining Performance Obligations of $125.9M, up 66% year over year
  • Number of paying customers grew 54% year-over-year to 1,417.
  • Dollar-based net retention rate was 121%.

Headline financials

Total Revenue

$45.5M

Previous: $26.4M+72.5%
EPS (adj)

-$0.05

Previous: -$0.03-93.0%
Dollar-based Net Retention Rate

121.0%

Previous: 119.0%+1.7%
Capital Expenditures

-$957K

No prior period
Free Cash Flow

-$37.5M

No prior period
Net Income

-$36.6M

Previous: -$2.57M-1320.3%
Operating Income

-$36.8M

Previous: -$2.39M-1441.6%
Gross Profit

$31.5M

Previous: $18.6M+69.3%
Cash & Equivalents

$318M

No prior period
Total Assets

$410M

No prior period
Stock-Based Comp

$14.5M

No prior period

Revenue & EPS history

Amplitude · Revenue · Quarterly

$45.5M

Q3 2021+72.5%vs Q3 2020
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

For the fourth quarter of 2021, Amplitude expects revenue between $46 and $47 million, non-GAAP loss from operations between $(9.2) and $(8.2) million, and non-GAAP net loss per share between $(0.08) and $(0.07). For the full year 2021, the company anticipates revenue between $163.8 and $164.8 million, non-GAAP loss from operations between $(18.5) and $(17.5) million, and non-GAAP net loss per share between $(0.37) and $(0.35).

Tailwinds

  • Revenue $46 - $47 million for Q4 2021
  • Full Year 2021 Revenue $163.8 - $164.8 million
  • Q4 2021 Non-GAAP Loss from Operations $(9.2) - $(8.2) million
  • Full Year 2021 Non-GAAP Loss from Operations $(18.5) - $(17.5) million
  • Q4 2021 Non-GAAP Net Loss Per Share $(0.08) - $(0.07)

Headwinds

  • An outlook for GAAP loss from operations has not been provided
  • An outlook for GAAP net loss per share has not been provided
  • The non-GAAP adjustment for stock-based compensation expense requires additional inputs such as the number and value of awards granted that are not currently ascertainable
  • The non-GAAP adjustment for amortization of acquired intangible assets depends on the timing and value of intangible assets acquired that cannot be accurately forecasted.
  • These statements are forward-looking and actual results may differ materially.

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 Q3 2021

Historical avgQ3 2021

-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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