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Dec 31, 2023
Amplitude Q4 2023 Earnings Report
Announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
Key Takeaways
Amplitude's Q4 2023 revenue reached $71.4 million, a 9% increase year-over-year, with annual recurring revenue of $281 million, up 10% year-over-year. The company reported a GAAP net loss per share of $0.16 and a non-GAAP net income per share of $0.04. Cash flow from operations was $2.3 million, and free cash flow was $1.5 million for the quarter.
Annual recurring revenue was $281 million, up 10% year-over-year.
Fourth quarter revenue was $71.4 million, up 9% year-over-year.
Cash Flow from Operations was $2.3 million and Free Cash Flow of $1.5 million.
Launched Session Replay, combining qualitative and quantitative data to understand user behavior.
Amplitude
Amplitude
Forward Guidance
The company expects revenue between $72.1 million and $72.7 million for the first quarter of 2024 and between $291.5 million and $294.5 million for the full year 2024. Non-GAAP operating income (loss) is expected to be between $(2.8) million and $(2.2) million for the first quarter and between $(1.0) million and $2.0 million for the full year. Non-GAAP net income (loss) per share, diluted is expected to be between $(0.01) and $0.00 for the first quarter and between $0.06 and $0.08 for the full year.
Positive Outlook
- Revenue guidance between $72.1 million and $72.7 million for Q1 2024.
- Full year revenue guidance between $291.5 million and $294.5 million for 2024.
- Non-GAAP operating income (loss) is expected to be between $(2.8) million and $(2.2) million for Q1 2024.
- Non-GAAP operating income (loss) is expected to be between $(1.0) million and $2.0 million for the full year 2024.
- Non-GAAP net income (loss) per share, diluted is expected to be between $0.06 and $0.08 for the full year 2024.
Challenges Ahead
- Non-GAAP operating income (loss) is expected to be between $(2.8) million and $(2.2) million for Q1 2024.
- Non-GAAP operating income (loss) is expected to be between $(1.0) million and $2.0 million for the full year 2024.
- An outlook for GAAP income (loss) from operations has not been provided.
- An outlook for GAAP net income (loss) has not been provided.
- An outlook for GAAP net income (loss) per share has not been provided.