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Earnings Results: Amplitude stock dives after earnings as revenue forecast comes up light


Amplitude Inc. topped expectations with its latest revenue and earnings Wednesday, but its shares took a big hit in aftermarket trading as the software company’s full-year forecast came up shy of expectations.

The company posted a fourth-quarter net loss of $21.9 million, or 20 cents a share, compared with a loss of $5.4 million, or 21 cents a share, in the year-earlier quarter. On an adjusted basis, Amplitude
lost 5 cents a share, compared with 2 cents a share in the year-prior period, while analysts tracked by FactSet were expecting an 8-cent adjusted loss per share.

Amplitude’s revenue grew to $49.4 million from $30.1 million and came in ahead of the FactSet consensus, which was for $47.0 million.

The company said its count of paying customers rose 54% on a year-over-year basis to reach 1,597. Amplitude had a 123% dollar-based net retention rate at the end of the fourth quarter.

Amplitude shares sank about 40% in after-hours trading Wednesday.

For the first quarter, Amplitude expects $50 million to $51 million in revenue and an adjusted loss per share of 9 cents to 10 cents. Analysts tracked by FactSet were anticipating $51.3 million in revenue and a 12-cent adjusted loss per share.

Amplitude’s full-year forecast calls for $226 million to $234 million in revenue as well as a 42-cent to 44-cent adjusted loss per share. The FactSet consensus was for $235.8 million in revenue and a 44-cent adjusted loss per share.

Amplitude makes software for what it refers to as “digital optimization,” or the process of helping companies figure out more about how their customers engage with digital experiences. Amplitude’s technology provides various insights into how consumers interact with apps and other digital platforms, allowing companies to determine which features are resonating with customers and which elements might be confusing.

The company went public through a September direct listing.

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