Business
Amplitude Announces Second Quarter 2023 Financial Results
Second quarter revenue of $67.8 million, up 17% year-over-year Number of paying customers grew 28% year-over-year to 2,344 Cash Flow from Operations of $20.4
About this update from Amplitude, Inc.
[{"type":"text","content":"\n\nSecond quarter revenue of $67.8 million, up 17% year-over-year\n\n\n\nNumber of paying customers grew 28% year-over-year to 2,344\n\n\n\nCash Flow from Operations of $20.4 million and Free Cash Flow of $19.3 million\n\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nAmplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced financial results for its second quarter ended June 30, 2023.\n\n\n“Every business with a digital product and a digital experience for its customers needs to know more about what those customers love, what causes them to get stuck, and what keeps them coming back,” said Spenser Skates, CEO and co-founder of Amplitude. “Companies of all shapes and sizes are finding that legacy approaches cannot sufficiently address the universal needs of acquisition, retention and monetization. Everyone wants to understand their customers better — Amplitude tells you exactly what your customers do and how they behave.”\n\n\n\n\nSecond Quarter 2023 Financial Highlights:\n\n\n\n\n\n\n\n\n(in millions, except per share and percentage amounts)\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nSecond\nQuarter 2023\n\n\n\n\n\n\nSecond\nQuarter 2022\n\n\n\n\n\n\nY/Y\nChange\n\n\n\n\n\n\n\n\nAnnual Recurring Revenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n268\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n227\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n18\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n67.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n58.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n17\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGAAP Loss from Operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(30.9\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(24.6\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(6.3\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNon-GAAP Loss from Operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.8\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(9.0\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n8.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGAAP Net Loss Per Share, Basic and Diluted\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.24\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.22\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.02\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNon-GAAP Net Income (Loss) Per Share, Diluted\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.02\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.08\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.10\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet C...