NASDAQ$AMPL

Amplitude Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Amplitude's Q3 2024 financial results were announced, showing revenue growth and progress towards reaccelerating growth.

Amplitude reported Q3 2024 revenue of $75.2 million, a 6% increase year-over-year. The company's Annual Recurring Revenue (ARR) reached $298 million, up 9% year-over-year. Amplitude is focused on product innovation to drive long-term value and reaccelerate growth.

  • Annual Recurring Revenue was $298 million, up 9% year over year.
  • Third quarter revenue was $75.2 million, up 6% year over year.
  • Cash Flow from Operations was $6.2 million.
  • Free Cash Flow was $4.5 million.

Headline financials

Total Revenue

$75.2M

Previous: $70.6M+6.5%
EPS

-$0.14

Previous: $0.05-380.0%
Annual Recurring Revenue

$298M

Previous: $273M+9.2%
Dollar-based Net Retention Rate

98.0%

Previous: 99.0%-1.0%
Dollar-based Net Retention Rate (TTM)

97.0%

Previous: 105.0%-7.6%
Capital Expenditures

-$979K

Previous: -$995K+1.6%
Free Cash Flow

-$17.8M

Previous: -$18.7M+4.9%
Net Income

-$16.9M

Previous: -$17.7M+5.0%
Operating Income

-$20M

Previous: -$20.9M+4.3%
Gross Profit

$56.5M

Previous: $53.3M+5.9%
R&D Expense

$19M

Previous: $21.8M-12.7%
Stock-Based Comp

$21.1M

Previous: $23.1M-8.5%

Revenue & EPS history

Amplitude · Revenue · Quarterly

$75.2M

Q3 2024+6.5%vs Q3 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company expects revenue between $76.0 - $77.0 million for the fourth quarter of 2024 and between $297.1 - $298.1 million for the full year 2024. Non-GAAP operating income (loss) is expected to be between $(2.1) - $(0.1) million for the fourth quarter and between $(6.3) - $(4.3) million for the full year. Non-GAAP net income (loss) per share is expected to be between $0.00 - $0.01 for the fourth quarter and between $0.04 - $0.06 for the full year.

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 2024

Historical avgQ3 2024

-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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