Business
Amplitude Announces Second Quarter 2022 Financial Results
Revenue of $58.1 million, up 48% year-over-year Current Remaining Performance Obligations of $170.2 million, up 46% year over year SAN FRANCISCO--(BUSINESS
About this update from Amplitude, Inc.
[{"type":"text","content":"\n\nRevenue of $58.1 million, up 48% year-over-year\n\n\nCurrent Remaining Performance Obligations of $170.2 million, up 46% year over year\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nAmplitude, Inc. (Nasdaq: AMPL), the pioneer in digital optimization, today announced financial results for its second quarter ended June 30, 2022.\n\n\"We want to help every company build better products through data,” said Spenser Skates, CEO and co-founder of Amplitude. “The second quarter had the biggest set of product launches in our short company history, and was a great quarter of execution by our team. We are building a world class team here at Amplitude. Our focus is on driving sustainable growth against our large and growing market opportunity. We believe that now, more than ever, companies need Amplitude to drive growth and revenue in today’s uncertain environment.”\n\n\nSecond Quarter 2022 Financial Highlights:\n\n\n\n(in millions, except per share and percentage amounts)\n\n\n\n\n\n \n\n\n\nSecond\nQuarter 2022\n\n\n\nSecond\nQuarter 2021\n\n\n\nY/Y Change\n\n\n\n\n\nRevenue\n\n\n\n$58.1\n\n\n\n$39.3\n\n\n\n48%\n\n\n\n\n\nRemaining Performance Obligations\n\n\n\n$227.6\n\n\n\n$138.9\n\n\n\n64%\n\n\n\n\n\nCurrent Remaining Performance Obligations\n\n\n\n$170.2\n\n\n\n$116.9\n\n\n\n46%\n\n\n\n\n\nGAAP Loss from Operations\n\n\n\n$(24.6)\n\n\n\n$(9.7)\n\n\n\n$(14.9)\n\n\n\n\n\nNon-GAAP Loss from Operations\n\n\n\n$(9.0)\n\n\n\n$(4.1)\n\n\n\n$(4.9)\n\n\n\n\n\nGAAP Net Loss Per Share\n\n\n\n$(0.22)\n\n\n\n$(0.34)\n\n\n\n$0.12\n\n\n\n\n\nNon-GAAP Net Loss Per Share\n\n\n\n$(0.08)\n\n\n\n$(0.15)\n\n\n\n$0.07\n\n\n\n\n\nNet Cash Provided by (Used in) Operating Activities\n\n\n\n$10.6\n\n\n\n$(5.1)\n\n\n\n$15.7\n\n\n\n\n\nFree Cash Flow\n\n\n\n$8.2\n\n\n\n$(5.8)\n\n\n\n$14.0\n\n\n\n\nNon-GAAP loss from operations and non-GAAP net loss per share exclude expenses related to stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and non-recurring costs, such as costs related to the direct listing of our Class A common stock (the “Direct Listing”). Stock-based compensation expense and employer-related payroll taxes were $15.1 million in the second quarter of 2022 compared to $3.1 million in the second quarter of 2021. These increases were driven by an increase in the fair value of Amplitude’s com...