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Jun 30, 2021
Amplitude Q2 2021 Earnings Report
Amplitude's second quarter results for 2021 were announced, demonstrating substantial year-over-year growth.
Key Takeaways
Amplitude reported a strong second quarter in 2021, with revenue increasing by 66% year-over-year to $39.3 million. The company's current remaining performance obligations also saw significant growth, increasing by 76% year-over-year to $116.9 million.
Revenue reached $39.3 million, a 66% increase year-over-year.
Current Remaining Performance Obligations totaled $116.9 million, up 76% year-over-year.
The number of paying customers grew 51% year-over-year, reaching 1,280.
Dollar-based net retention rate was 119%.
Amplitude
Amplitude
Forward Guidance
For the third quarter of 2021, Amplitude expects revenue between $43.0 million and $44.0 million. For the full year 2021, the company anticipates revenue between $160.0 million and $162.0 million.
Positive Outlook
- Revenue is expected to be between $43.0 million and $44.0 million for Q3 2021.
- Full year 2021 revenue is projected to be between $160.0 million and $162.0 million.
- Full year 2022 total revenue growth will be in excess of 40%.
Challenges Ahead
- Non-GAAP Loss from Operations is expected to be between $(5.0) million and $(4.0) million for Q3 2021.
- Non-GAAP Loss from Operations is expected to be between $(25.0) million and $(23.0) million for the full year 2021.
- Non-GAAP Net Loss Per Share is expected to be between $(0.15) and $(0.12) for Q3 2021.
- Non-GAAP Net Loss Per Share is expected to be between $(0.50) and $(0.46) for the full year 2021.