Business
Amplitude Announces Second Quarter 2024 Financial Results
Annual Recurring Revenue was $290 million, up 8% year over year Second quarter revenue of $73.3 million, up 8% year over year Second quarter Cash Flow from
About this update from Amplitude, Inc.
[{"type":"text","content":"\n\nAnnual Recurring Revenue was $290 million, up 8% year over year\n\n\n\nSecond quarter revenue of $73.3 million, up 8% year over year\n\n\n\nSecond quarter Cash Flow from Operations of $9.2 million and Free Cash Flow of $6.8 million, representing a 19 percentage point decrease 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 second quarter ended June 30, 2024.\n\n\n\"Today, companies win or lose based on their digital experience,\" said Spenser Skates, CEO and co-founder of Amplitude. \"Understanding your customers is the key to building better experiences, and that's why companies across almost every industry rely on Amplitude. Our platform approach is differentiated, customers are finding value quickly, and we've never been better positioned to win in the long term.\"\n\n\n\n\nSecond Quarter 2024 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 \n\n\n\n\n\n\nSecond\n\n\n\n\nQuarter 2024\n\n\n\n\n\n\nSecond\n\n\n\n\nQuarter 2023\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$290\n\n\n\n\n\n\n$268\n\n\n\n\n\n\n8%\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$73.3\n\n\n\n\n\n\n$67.8\n\n\n\n\n\n\n8%\n\n\n\n\n\n\n\n\nGAAP Loss from Operations\n\n\n\n\n\n\n$(27.2)\n\n\n\n\n\n\n$(30.9)\n\n\n\n\n\n\n$3.7\n\n\n\n\n\n\n\n\nNon-GAAP Income (Loss) from Operations\n\n\n\n\n\n\n$(3.7)\n\n\n\n\n\n\n$(0.8)\n\n\n\n\n\n\n$(2.9)\n\n\n\n\n\n\n\n\nGAAP Net Loss Per Share, Basic and Diluted\n\n\n\n\n\n\n$(0.19)\n\n\n\n\n\n\n$(0.24)\n\n\n\n\n\n\n$0.05\n\n\n\n\n\n\n\n\nNon-GAAP Net Income (Loss) Per Share, Diluted\n\n\n\n\n\n\n$(0.00)\n\n\n\n\n\n\n$0.02\n\n\n\n\n\n\n$(0.02)\n\n\n\n\n\n\n\n\nNet Cash Provided by (Used in) Operating Activities\n\n\n\n\n\n\n$9.2\n\n\n\n\n\n\n$20.4\n\n\n\n\n\n\n$(11.2)\n\n\n\n\n\n\n\n\nFree Cash Flow\n\n\n\n\n\n\n$6.8\n\n\n\n\n\n\n$19.3\n\n\n\n\n\n\n$(12.5)\n\n\n\n\n\n\n\nNon-GAAP income (loss) from operations and non-GAAP net income (loss) per share exclude expenses related to stock-based compensation expense and related employer payroll taxes and amortization of acquired intangible assets. Stock-based compensation expense and the related employer payroll taxes were $23.3 m...