Business
Amplitude Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Annual recurring revenue was $281 million, up 10% year-over-year Fourth quarter revenue of $71.4 million, up 9% year-over-year Fiscal 2023 revenue of $276.3
About this update from Amplitude, Inc.
[{"type":"text","content":"\n\nAnnual recurring revenue was $281 million, up 10% year-over-year\n\n\n\nFourth quarter revenue of $71.4 million, up 9% year-over-year\n\n\n\nFiscal 2023 revenue of $276.3 million, up 16% year-over-year\n\n\n\nFourth quarter Cash Flow from Operations of $2.3 million and Free Cash Flow of $1.5 million\n\n\n\nFiscal 2023 Cash Flow from Operations of $25.6 million and Free Cash Flow of $22.4 million, representing a 13 percentage point increase in free cash flow margin year-over-year\n\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nAmplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.\n\n\n“Amplitude closed 2023 strong. It was our biggest year ever for product innovation, and we ended Q4 with a record number of new enterprise logo wins,\" said Spenser Skates, CEO and co-founder of Amplitude. “We see continued validation that our strategic approach - a Digital Analytics Platform with product analytics at its core - is the right one to win in the long term.”\n\n\n\n\nFourth Quarter 2023 Financial Highlights:\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\nFourth\nQuarter 2023\n\n\n\n\n\n\nFourth\nQuarter 2022\n\n\n\n\n\n\nY/Y\n\n\n\n\nChange\n\n\n\n\n\n\n\n\nAnnual Recurring Revenue\n\n\n\n\n\n\n$281\n\n\n\n\n\n\n$255\n\n\n\n\n\n\n10%\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$71.4\n\n\n\n\n\n\n$65.3\n\n\n\n\n\n\n9%\n\n\n\n\n\n\n\n\nGAAP Loss from Operations\n\n\n\n\n\n\n$(21.5)\n\n\n\n\n\n\n$(25.8)\n\n\n\n\n\n\n$4.3\n\n\n\n\n\n\n\n\nNon-GAAP Income (Loss) from Operations\n\n\n\n\n\n\n$2.3\n\n\n\n\n\n\n$(4.7)\n\n\n\n\n\n\n$7.0\n\n\n\n\n\n\n\n\nGAAP Net Loss Per Share, Basic and Diluted\n\n\n\n\n\n\n$(0.16)\n\n\n\n\n\n\n$(0.21)\n\n\n\n\n\n\n$0.05\n\n\n\n\n\n\n\n\nNon-GAAP Net Income (Loss) Per Share, Diluted\n\n\n\n\n\n\n$0.04\n\n\n\n\n\n\n$(0.03)\n\n\n\n\n\n\n$0.07\n\n\n\n\n\n\n\n\nNet Cash Provided by (Used in) Operating Activities\n\n\n\n\n\n\n$2.3\n\n\n\n\n\n\n$(4.6)\n\n\n\n\n\n\n$6.9\n\n\n\n\n\n\n\n\nFree Cash Flow\n\n\n\n\n\n\n$1.5\n\n\n\n\n\n\n$(5.9)\n\n\n\n\n\n\n$7.4\n\n\n\n\n\n\n\n\n\nFiscal Year 2023 Financial Highlights:\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\nFY 2023\n\n\n\n\n\n\nFY 2022\n\n\n\n\n\n\nY/Y Change\n\n\n\...