Business
Amplitude Announces Third Quarter 2021 Financial Results
Revenue of $45.5M, up 72% year-over-year Current Remaining Performance Obligations of $125.9M, up 66% year over year SAN FRANCISCO--(BUSINESS WIRE)--
About this update from Amplitude, Inc.
[{"type":"text","content":"\n\nRevenue of $45.5M, up 72% year-over-year\n\n\nCurrent Remaining Performance Obligations of $125.9M, up 66% 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 third quarter ended September 30, 2021.\n\n\"Digital products are powering how businesses operate, go to market and generate revenue,” said Spenser Skates, CEO and co-founder of Amplitude. “Organizations have to optimize their digital transformation investments, and to do so they are turning to Amplitude to drive product strategy, innovation and growth. Good execution combined with strong demand for the Amplitude Digital Optimization System drove our third quarter results. We believe we are in the very early stages of a large market opportunity and that Amplitude can help companies of various sizes and digital maturities build great products through data.”\n\nThird Quarter 2021 Financial Highlights:\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\nThird Quarter\n2021\n\n\n\n \n\n\n\nThird Quarter\n2020\n\n\n\n \n\n\n\nYear-Over-Year\nChange\n\n\n\n\n\nRevenue\n\n\n\n\n$45.5\n\n\n\n \n\n\n\n$26.4\n\n\n\n \n\n\n\n72%\n\n\n\n\n\nRemaining Performance Obligations\n\n\n\n\n$152.0\n\n\n\n \n\n\n\n$84.8\n\n\n\n \n\n\n\n79%\n\n\n\n\n\nCurrent Remaining Performance Obligations\n\n\n\n\n$125.9\n\n\n\n \n\n\n\n$75.7\n\n\n\n \n\n\n\n66%\n\n\n\n\n\nGAAP Loss from Operations\n\n\n\n\n$(36.8)\n\n\n\n \n\n\n\n$(2.4)\n\n\n\n \n\n\n\n$(34.4)\n\n\n\n\n\nNon-GAAP Loss from Operations\n\n\n\n\n$(2.3)\n\n\n\n \n\n\n\n$(0.7)\n\n\n\n \n\n\n\n$(1.6)\n\n\n\n\n\nGAAP Net Loss Per Share\n\n\n\n\n$(0.93)\n\n\n\n \n\n\n\n$(0.10)\n\n\n\n \n\n\n\n$(0.83)\n\n\n\n\n\nNon-GAAP Net Loss Per Share\n\n\n\n\n$(0.05)\n\n\n\n \n\n\n\n$(0.03)\n\n\n\n \n\n\n\n$(0.02)\n\n\n\n\n\nNet Cash provided by (used in) Operating Activities\n\n\n\n\n$(15.1)\n\n\n\n \n\n\n\n$2.5\n\n\n\n \n\n\n\n$(17.6)\n\n\n\n\n\nFree Cash Flow\n\n\n\n\n$(15.8)\n\n\n\n \n\n\n\n$1.9\n\n\n\n \n\n\n\n$(17.7)\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 direct listing costs. Direct l...