NASDAQ$AMPL

Amplitude Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Amplitude's Q4 2023 revenue reached $71.4 million, a 9% increase year-over-year, with annual recurring revenue of $281 million, up 10% year-over-year. The company reported a GAAP net loss per share of $0.16 and a non-GAAP net income per share of $0.04. Cash flow from operations was $2.3 million, and free cash flow was $1.5 million for the quarter.

  • Annual recurring revenue was $281 million, up 10% year-over-year.
  • Fourth quarter revenue was $71.4 million, up 9% year-over-year.
  • Cash Flow from Operations was $2.3 million and Free Cash Flow of $1.5 million.
  • Launched Session Replay, combining qualitative and quantitative data to understand user behavior.

Headline financials

Total Revenue

$71.4M

Previous: $65.3M+9.4%
EPS (adj)

$0.04

Previous: -$0.03+233.3%
Annual Recurring Revenue

$281M

No prior period
Dollar-based Net Retention Rate

98.0%

Previous: 119.0%-17.6%
Dollar-based Net Retention Rate (TTM)

101.0%

No prior period
Capital Expenditures

-$839K

Previous: $620K-235.3%
Net Income

-$18.5M

Previous: -$24M+22.9%
Operating Income

-$21.5M

Previous: -$25.8M+16.5%
Gross Profit

$53.1M

Previous: $46M+15.5%
R&D Expense

$22.2M

No prior period
Stock-Based Comp

$23.3M

Previous: $20.4M+14.2%

Revenue & EPS history

Amplitude · Revenue · Quarterly

$71.4M

Q4 2023+9.4%vs Q4 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company expects revenue between $72.1 million and $72.7 million for the first quarter of 2024 and between $291.5 million and $294.5 million for the full year 2024. Non-GAAP operating income (loss) is expected to be between $(2.8) million and $(2.2) million for the first quarter and between $(1.0) million and $2.0 million for the full year. Non-GAAP net income (loss) per share, diluted is expected to be between $(0.01) and $0.00 for the first quarter and between $0.06 and $0.08 for the full year.

Tailwinds

  • Revenue guidance between $72.1 million and $72.7 million for Q1 2024.
  • Full year revenue guidance between $291.5 million and $294.5 million for 2024.
  • Non-GAAP operating income (loss) is expected to be between $(2.8) million and $(2.2) million for Q1 2024.
  • Non-GAAP operating income (loss) is expected to be between $(1.0) million and $2.0 million for the full year 2024.
  • Non-GAAP net income (loss) per share, diluted is expected to be between $0.06 and $0.08 for the full year 2024.

Headwinds

  • Non-GAAP operating income (loss) is expected to be between $(2.8) million and $(2.2) million for Q1 2024.
  • Non-GAAP operating income (loss) is expected to be between $(1.0) million and $2.0 million for the full year 2024.
  • An outlook for GAAP income (loss) from operations has not been provided.
  • An outlook for GAAP net income (loss) has not been provided.
  • An outlook for GAAP net income (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 2023

Historical avgQ4 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro