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Mar 31, 2023
Amplitude Q1 2023 Earnings Report
Announced first quarter 2023 financial results.
Key Takeaways
Amplitude's first quarter revenue reached $66.5 million, a 25% increase year-over-year. The number of paying customers grew by 28% to 2,175, and the dollar-based Net Retention Rate (NRR) was 106%.
First quarter revenue was $66.5 million, up 25% year-over-year.
The number of paying customers grew 28% year-over-year to 2,175.
Dollar-based Net Retention Rate (NRR) was 106%.
Annual Recurring Revenue was $262 million, an increase of 25% year-over-year.
Amplitude
Amplitude
Forward Guidance
For the second quarter of 2023, Amplitude expects revenue between $66.5 - $67.2 million, a non-GAAP operating loss between $(1.1) - $(0.6) million, and a non-GAAP net income per share between $0.01 - $0.02. For the full year 2023, the company expects revenue between $266.0 - $269.0 million, a non-GAAP operating loss between $(8.4) - $(6.0) million, and a non-GAAP net income per share between $0.02 - $0.04.
Positive Outlook
- Second Quarter 2023 Revenue: $66.5 - $67.2 million
- Second Quarter 2023 Non-GAAP Operating Loss: $(1.1) - $(0.6) million
- Second Quarter 2023 Non-GAAP Net Income Per Share: $0.01 - $0.02
- Full Year 2023 Revenue: $266.0 - $269.0 million
- Full Year 2023 Non-GAAP Operating Loss: $(8.4) - $(6.0) million