Amplitude Inc (NAS:AMPL)
$ 10.5 0.22 (2.14%) Market Cap: 1.34 Bil Enterprise Value: 994.06 Mil PE Ratio: 0 PB Ratio: 4.55 GF Score: 57/100
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Q3 2024 Amplitude Inc Earnings Call Transcript

Nov 7, 2024 / 10:00 PM GMT
Release Date Price: $10.49 (+5.22%)

Key Points

Positve
  • Amplitude Inc (AMPL) exceeded all guided metrics for the quarter, with revenue reaching $75.2 million, a 6% year-over-year increase.
  • The company reported a significant increase in annual recurring revenue (ARR), which rose to $298 million, marking an $8 million sequential increase.
  • Amplitude Inc (AMPL) saw a 13% year-over-year growth in customers with $100,000 or more in ARR, reaching a total of 567 customers.
  • The company successfully launched new product features, such as Amplitude Made Easy and web experimentation, which have been well-received by customers.
  • Amplitude Inc (AMPL) completed the acquisition of Command AI, enhancing its product capabilities and offering a better-together story for customers.
Negative
  • Despite positive growth, Amplitude Inc (AMPL) is still facing high churn rates and a challenging macroeconomic environment.
  • The company reported a decline in gross margin, which was 77% for the quarter, down 2 percentage points year-over-year.
  • Sales efficiency is not at the desired level, and there is a need for improvement in general and administrative expenses as a percentage of revenue.
  • Amplitude Inc (AMPL) is experiencing buyer scrutiny, particularly for larger deals, which impacts the predictability of new logo acquisition.
  • The company is still dealing with the impact of new Russian sanctions, which affected operating profit by approximately $3 million.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMPL.OQ - Amplitude Inc
Q3 2024 Amplitude Inc Earnings Call
Nov 07, 2024 / 10:00PM GMT

=====================
Conference Call Participants
=====================
* Yaoxian Chew
Amplitude Inc - Vice President - Investor Relations
* Spenser Skates
Amplitude Inc - Chairperson of the Board, Chief Executive Officer, Co-Founder
* Andrew Casey
Amplitude Inc - Chief Finacial Officer
* George McGregor-Henon
BofA Global Research - Analyst
* Brent Bracelin
Piper Sandler Companies - Analyst
* Matt Pryde
Citi
* Willow Ahn
William Blair & Company - Analyst
* Jackson Ader
KeyBanc Capital Markets Inc. - Analyst
* Elizabeth Porter
Morgan Stanley - Analyst
* Clark Wright
D.A. Davidson & Company - Analyst

=====================
Presentation
--------------------------------------------------------------------------------
Yaoxian Chew, Amplitude Inc - Vice President - Investor
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