Amplitude, Inc

AMPLNASDAQ
AMPL
Amplitude, IncNASDAQ
 
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Upcoming Earnings
EPS
Market Cap
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Important events

Feb 212022

Weak guidance sends out shock waves

Newly public digital optimization firm Amplitude hopes that its earnings beat will drown out the sound of its weak guidance, but no such luck.

Key points:
  • The stock got cut in half on Thursday, plummeting down over 58% to hit by far its lowest price ever after reporting its second earnings since going public through a direct listing in October 2021.
  • It topped estimates on both ends with a LPS of $0.20 on revenues that saw growth of 64% to hit $49.4m. Customer count is on the up and up, growing 54% to 1,597, with a net retention rate of 123%.
  • Despite the beat, revenue guidance killed any potential gains. Amplitude forecast up to $51m in revenue for Q1 and up to $234m for FY2022, both of which missed expectations, but only marginally – so it’s not entirely clear why there was such a dramatic drop to follow. Though, prices did recover 20% on Friday.
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