AMPLITUDE Reports 14.7% YoY Growth in Revenue of USD 70.6 Million for Q3 FY 2023
December 11, 2023
☀️Earnings Overview
AMPLITUDE ($NASDAQ:AMPL) reported total revenue of USD 70.6 million for the third quarter of fiscal year 2023, ending on September 30 2023, representing a 14.7% year-over-year rise. Its net income for the same period was USD -17.8 million, an improvement from the previous year’s figure of -22.5 million. The earnings results were publicly announced on November 7 2023.
Analysis
GoodWhale has conducted an analysis of AMPLITUDE‘s financials. According to Star Chart, AMPLITUDE is strong in asset and growth, but weak in dividend and profitability. In terms of health score, it has an intermediate rating of 6/10, suggesting that it might be able to sustain future operations in times of crisis. AMPLITUDE is classified as a ‘cheetah’, meaning the company achieved high revenue or earnings growth, but is considered less stable due to lower profitability. This type of company may appeal to investors who are looking for high growth, with the understanding that there is a higher risk associated with the potential return. Investors who prefer more stability may want to avoid this type of company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amplitude. More…
| Total Revenues | Net Income | Net Margin |
| 270.14 | -95.86 | -33.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amplitude. More…
| Operations | Investing | Financing |
| 18.71 | -27.1 | -0.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amplitude. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 441.28 | 149.7 | 2.45 |
Key Ratios Snapshot
Some of the financial key ratios for Amplitude are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 51.5% | – | -36.5% |
| FCF Margin | ROE | ROA |
| 5.6% | -21.2% | -14.0% |
Peers
In recent years, the competition between Amplitude Inc and its competitors has intensified, as the market for audio production and playback technology has become increasingly crowded. While Amplitude Inc has maintained its position as a leading provider of audio products and services, its competitors have also made significant strides in terms of innovation and customer satisfaction. As such, the competition between these companies is likely to continue to heat up in the coming years.
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Summary
AMPLITUDE reported total revenue of USD 70.6 million for the third quarter of fiscal year 2023, representing a 14.7% growth year-over-year. The company’s net income for the same period was USD -17.8 million, an improvement from the previous year’s figure of -22.5 million. In response to these positive earnings results, the stock price moved up the same day. Therefore, investing in AMPLITUDE currently appears to be a sound investment.
The company has seen growth in revenue and improvement to its net income, and markets have responded positively to the news. Investors should continue to monitor AMPLITUDE’s financial performance over the coming quarters to stay informed about the company’s direction and potential future returns.
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