AMPLITUDE Reports Q2 FY2023 Earnings Results on August 8 2023
August 10, 2023
🌥️Earnings Overview
On August 8 2023, AMPLITUDE ($NASDAQ:AMPL) released its earnings report for the second quarter of FY2023 (ending June 30 2023). Revenue for the quarter totaled USD 67.8 million, showing a 16.6% year-over-year increase. Net income reported was USD -27.8 million, compared to -24.6 million in the same quarter of the prior year.
Share Price
On Tuesday, August 8 2023, AMPLITUDE reported their second quarter earnings results for FY2023. The stock opened at $10.6 and closed at $10.7, which was a 0.7% decrease from its last closing price of $10.8. This was the first time the company has reported their earnings for the fiscal year, and investors were eager to see how they had performed. Overall, analysts seemed to be pleased with the results, as AMPLITUDE reported a strong quarter and revenue growth of 3% compared to the previous quarter.
The company also highlighted their plans to further invest in their core businesses and technology operations, which could bring in more revenue in the future. It remains to be seen how the market will react to these results, but for now it looks like investors are confident in AMPLITUDE’s performance and are looking forward to more positive news in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amplitude. AMPLITUDE_Reports_Q2_FY2023_Earnings_Results_on_August_8_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 261.12 | -100.66 | -36.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amplitude. AMPLITUDE_Reports_Q2_FY2023_Earnings_Results_on_August_8_2023″>More…
| Operations | Investing | Financing |
| 7.61 | -87.47 | 4.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amplitude. AMPLITUDE_Reports_Q2_FY2023_Earnings_Results_on_August_8_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 434.62 | 145.77 | 2.49 |
Key Ratios Snapshot
Some of the financial key ratios for Amplitude are shown below. AMPLITUDE_Reports_Q2_FY2023_Earnings_Results_on_August_8_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 51.5% | – | -39.0% |
| FCF Margin | ROE | ROA |
| 1.4% | -21.9% | -14.6% |
Analysis
GoodWhale conducted an analysis of AMPLITUDE‘s financials, using the Star Chart. We found that AMPLITUDE is strong in assets and growth, but weak in dividend and profitability. AMPLITUDE received an intermediate health score of 6/10, meaning that the company is likely to be able to pay off debt and fund future operations. Based on these indicators, we classified AMPLITUDE as a ‘cheetah’ company – one that has achieved high revenue or earnings growth, but is considered to be less stable due to lower profitability. This type of company may be of interest to investors looking for potential long-term growth, but with more risk than a ‘dividend’ company. More…
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 its earnings results for the second quarter of FY2023, reporting total revenue of USD 67.8 million and a year-over-year increase of 16.6%. Net income was reported at USD -27.8 million, an increase from the same period of the previous year, however still in the negative. This suggests that investors may need to take a more conservative approach when considering to invest in AMPLITUDE, as the company is still generating losses.
Nevertheless, its impressive growth in total revenue may indicate potential for future value. Investors should analyze the company’s cash flow and balance sheet to get a better understanding of the company’s current financial position before making any decisions.
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