Business
Amplitude Announces First Quarter 2023 Financial Results
First quarter revenue of $66.5 million, up 25% year-over-year Number of paying customers grew 28% year-over-year to 2,175 Dollar-based Net Retention Rate
About this update from Amplitude, Inc.
[{"type":"text","content":"\n\nFirst quarter revenue of $66.5 million, up 25% year-over-year\n\n\n\nNumber of paying customers grew 28% year-over-year to 2,175\n\n\n\nDollar-based Net Retention Rate (NRR) was 106%, with trailing twelve-month NRR of 114%\n\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nAmplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced financial results for its first quarter ended March 31, 2023.\n\n\n\"Every business with a digital product needs digital analytics,\" said Spenser Skates, CEO and co-founder of Amplitude. “Amplitude is just scratching the surface of that opportunity, and we're systematically upleveling every part of our business to set us up for success long term. We're now better positioned to navigate the current environment while fully leaning into the opportunities ahead.”\n\n\n\n\nFirst Quarter 2023 Financial Highlights:\n\n\n\n\n\n\n\n\n(in millions, except per share and percentage amounts)\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nFirst\nQuarter\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nFirst\nQuarter\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\nY/Y Change\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$66.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n$53.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n25%\n\n\n\n\n\n\n\nAnnual Recurring Revenue\n\n$262\n\n\n\n\n\n\n \n\n\n\n\n\n\n$209\n\n\n\n\n\n\n \n\n\n\n\n\n\n25%\n\n\n\n\n\n\n\n\nGAAP Loss from Operations\n\n\n\n\n\n\n$(29.2)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(22.0)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(7.2)\n\n\n\n\n\n\n\n\nNon-GAAP Loss from Operations\n\n\n\n\n\n\n$(7.9)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(7.7)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(0.2)\n\n\n\n\n\n\n\n\nGAAP Net Loss Per Share\n\n\n\n\n\n\n$(0.23)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(0.20)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(0.03)\n\n\n\n\n\n\n\n\nNon-GAAP Net Loss Per Share\n\n\n\n\n\n\n$(0.04)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(0.07)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$0.03\n\n\n\n\n\n\n\n\nNet Cash Used in Operating Activities\n\n\n\n\n\n\n$(5.1)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(8.3)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$3.2\n\n\n\n\n\n\n\n\nFree Cash Flow\n\n\n\n\n\n\n$(5.8)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$(9.6)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$3.8\n\n\n\n\n\n\n\n\nRemaining Performance Obligations\n\n\n\n\n\n\n$240.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n$194.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n24%\n\n\n\n\n\n\n\n\nCurrent Remaining Performance Obligations\n\n\n\n\n\n\n$191.5\n\n\n\n\n\n\n \n\n\n\n\n\...