NASDAQ$AMPL

Amplitude Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and fiscal year 2022 financial results.

Amplitude reported Q4 2022 revenue of $65.3 million, a 32% increase year-over-year. The company ended the year with 480 customers paying more than $100,000 in annual recurring revenue.

  • Fourth quarter revenue was $65.3 million, up 32% year-over-year.
  • Fiscal year 2022 revenue was $238.1 million, up 42% year-over-year.
  • Current Remaining Performance Obligations were $190.6 million, up 39% year-over-year.
  • Number of paying customers grew 25% year-over-year to 1,994.

Headline financials

Total Revenue

$65.3M

Previous: $49.4M+32.0%
EPS (adj)

-$0.03

Previous: -$0.05+40.0%
Remaining Performance Obligations

$191M

No prior period
Dollar-based Net Retention Rate

119.0%

Previous: 123.0%-3.3%
Capital Expenditures

$620K

Previous: $572K+8.4%
Free Cash Flow

-$5.9M

Previous: -$12.2M+51.8%
Net Income

-$24M

Previous: -$21.9M-9.8%
Operating Income

-$25.8M

Previous: -$21.5M-20.1%
Gross Profit

$46M

Previous: $34M+35.2%
Cash & Equivalents

$218M

Previous: $307M-28.9%
Total Assets

$414M

Previous: $400M+3.3%
Stock-Based Comp

$20.4M

Previous: $14.3M+43.0%

Revenue & EPS history

Amplitude · Revenue · Quarterly

$65.3M

Q4 2022+32%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

For the first quarter and full year 2023, the Company expects: Revenue $64 - $66 million and $283 - $291 million. Non-GAAP Operating Margin (13%) - (14%) and (6%) - (8%). Non-GAAP Net Loss Per Share $(0.06) - $(0.08) and $(0.11) - $(0.16). Weighted Average Shares Outstanding 114.9 million and 117.5 million

Tailwinds

  • Revenue $64 - $66 million for Q1 2023
  • Revenue $283 - $291 million for FY 2023
  • Non-GAAP Operating Margin (13%) - (14%) for Q1 2023
  • Non-GAAP Operating Margin (6%) - (8%) for FY 2023
  • Non-GAAP Net Loss Per Share $(0.06) - $(0.08) for Q1 2023

Headwinds

  • Non-GAAP Net Loss Per Share $(0.11) - $(0.16) for FY 2023
  • Weighted Average Shares Outstanding 114.9 million for Q1 2023
  • Weighted Average Shares Outstanding 117.5 million for FY 2023
  • An outlook for GAAP loss from operations has not been provided
  • An outlook for GAAP net loss per share has not been provided

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 Q4 2022

Historical avgQ4 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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