Overview
Amplitude Q3 revenue grows 18% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting effective operational strategies
Company reports positive cash flow despite GAAP net loss
Outlook
Company expects Q4 revenue between $89.0 mln and $91.0 mln
Amplitude forecasts full-year revenue of $340.8 mln to $342.8 mln
Company anticipates Q4 non-GAAP net income per share of $0.04 to $0.05
Result Drivers
AI PLATFORM - CEO Spenser Skates attributes growth to AI analytics platform helping companies understand user engagement
ENTERPRISE CUSTOMER GROWTH - CFO Andrew Casey cites expansion of enterprise customer base as a key strategy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$88.60 mln
$86.30 mln (9 Analysts)
Q3 Adjusted EPS
Beat
$0.02
$0.01 (10 Analysts)
Q3 Free Cash Flow
$3.40 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Amplitude Inc is $16.00, about 40.8% above its November 4 closing price of $9.48
The stock recently traded at 94 times the next 12-month earnings vs. a P/E of 115 three months ago
Press Release: ID:nBwbrkn0Fa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)