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Mar 31, 2022
Amplitude Q1 2022 Earnings Report
Reported a strong first quarter with revenue up 60% year-over-year and continued growth in paying customers and net retention rate.
Key Takeaways
Amplitude announced its Q1 2022 financial results, reporting revenue of $53.1 million, a 60% increase year-over-year. The company's number of paying customers grew by 49% to 1,701, and the dollar-based net retention rate was 126%.
Revenue increased by 60% year-over-year to $53.1 million.
Current Remaining Performance Obligations increased by 62% year-over-year to $149.6 million.
The number of paying customers increased by 49% year-over-year to 1,701.
Dollar-based net retention rate was 126%.
Amplitude
Amplitude
Forward Guidance
For the second quarter of 2022, Amplitude expects revenue between $54.5 million and $55.5 million, and a non-GAAP operating margin between -24% and -23%. For the full year 2022, the company expects revenue between $229 million and $235 million, and a non-GAAP operating margin between -20% and -19%.
Positive Outlook
- Revenue between $54.5 million and $55.5 million
- Full year 2022 Revenue between $229 million and $235 million
- Non-GAAP Operating Margin (24%) - (23%)
- Full Year Non-GAAP Operating Margin (20%) - (19%)
- Weighted Average Shares Outstanding 111.6 million
Challenges Ahead
- Non-GAAP Net Loss Per Share $(0.12) - $(0.11)
- Full Year Non-GAAP Net Loss Per Share $(0.41) - $(0.39)
- Uncertainties related to the company’s limited operating history
- Risks related to any decline in customer retention
- Potential impact of unfavorable conditions in the global economy