Amplitude Q4 2022 Earnings Report
Key Takeaways
Amplitude reported Q4 2022 revenue of $65.3 million, a 32% increase year-over-year. The company ended the year with 480 customers paying more than $100,000 in annual recurring revenue.
Fourth quarter revenue was $65.3 million, up 32% year-over-year.
Fiscal year 2022 revenue was $238.1 million, up 42% year-over-year.
Current Remaining Performance Obligations were $190.6 million, up 39% year-over-year.
Number of paying customers grew 25% year-over-year to 1,994.
Amplitude
Amplitude
Forward Guidance
For the first quarter and full year 2023, the Company expects: Revenue $64 - $66 million and $283 - $291 million. Non-GAAP Operating Margin (13%) - (14%) and (6%) - (8%). Non-GAAP Net Loss Per Share $(0.06) - $(0.08) and $(0.11) - $(0.16). Weighted Average Shares Outstanding 114.9 million and 117.5 million
Positive Outlook
- Revenue $64 - $66 million for Q1 2023
- Revenue $283 - $291 million for FY 2023
- Non-GAAP Operating Margin (13%) - (14%) for Q1 2023
- Non-GAAP Operating Margin (6%) - (8%) for FY 2023
- Non-GAAP Net Loss Per Share $(0.06) - $(0.08) for Q1 2023
Challenges Ahead
- Non-GAAP Net Loss Per Share $(0.11) - $(0.16) for FY 2023
- Weighted Average Shares Outstanding 114.9 million for Q1 2023
- Weighted Average Shares Outstanding 117.5 million for FY 2023
- An outlook for GAAP loss from operations has not been provided
- An outlook for GAAP net loss per share has not been provided