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Jun 30, 2023
Amplitude Q2 2023 Earnings Report
Amplitude reported second quarter financial results, demonstrating revenue growth and increased customer base.
Key Takeaways
Amplitude's second quarter revenue reached $67.8 million, a 17% increase year-over-year. The number of paying customers grew by 28% to 2,344. The company also announced a suite of AI-powered features to help companies build great digital products.
Second quarter revenue was $67.8 million, up 17% year-over-year.
The number of paying customers increased by 28% year-over-year to 2,344.
Cash Flow from Operations was $20.4 million and Free Cash Flow was $19.3 million.
A suite of AI-powered features were announced to help companies build great digital products.
Amplitude
Amplitude
Forward Guidance
The company expects revenue between $69.7 million and $70.3 million for the third quarter of 2023 and between $273.6 million and $275.6 million for the full year 2023. Non-GAAP operating income is expected to be between $0.6 million and $1.0 million for the third quarter and between $(7.6) million and $(5.2) million for the full year. Non-GAAP net income per share, diluted is expected to be between $0.02 and $0.03 for the third quarter and between $0.02 and $0.04 for the full year.
Positive Outlook
- Revenue is expected to be between $69.7 million and $70.3 million for Q3 2023
- Revenue is expected to be between $273.6 million and $275.6 million for the full year 2023
- Non-GAAP operating income to be between $0.6 million and $1.0 million for Q3 2023
- Non-GAAP operating income to be between $(7.6) million and $(5.2) million for the full year 2023
- Non-GAAP net income per share, diluted is expected to be between $0.02 and $0.03 for Q3 2023
Challenges Ahead
- An outlook for GAAP loss from operations has not been provided
- An outlook for GAAP operating margin has not been provided
- An outlook for GAAP net income has not been provided
- An outlook for GAAP net income per share has not been provided
- The impact of restructuring charges are excluded from non-GAAP operating income and non-GAAP net income per common share business outlook