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Amplitude, Inc. (Nasdaq: AMPL) is a leading American public company that specializes in analytics products under the umbrella of its Digital Optimization System. The company offers three primary products: Amplitude Analytics, Amplitude Recommend, and Amplitude Experiment. These tools are designed to help businesses analyze customer behavior within digital products, optimize user experiences, and drive business growth. Amplitude operates on a software-as-a-service (SaaS) model, providing its applications over the Internet as a subscription service. In addition to the software, the company offers comprehensive customer support including initial setup, ongoing support services, and application training.
In recent financial updates, Amplitude reported second quarter revenue of $67.8 million, reflecting a 17% year-over-year growth. The company’s number of paying customers increased by 28% year-over-year to 2,344. It also reported a cash flow from operations of $20.4 million and a free cash flow of $19.3 million, showcasing the company's strong financial health.
Amplitude's strategic vision is driven by the need for businesses to deeply understand their customers' interactions with digital products. According to CEO and co-founder Spenser Skates, the company's tools are designed to meet the universal needs of acquisition, retention, and monetization by providing detailed insights into customer behavior. This capability allows companies of all sizes to make data-driven decisions to improve user experiences and drive growth.
Looking ahead, Amplitude has introduced a suite of AI-powered features aimed at enhancing digital product development. These include 'Ask Amplitude' for simplified chart-building and 'Data Assistant' for automated data quality improvement and governance. These innovative tools underscore Amplitude's commitment to leveraging AI to provide businesses with actionable insights efficiently.
The company has also launched 'Amplitude Plus', a cost-effective self-service plan priced at $49 per month, designed to democratize access to advanced analytics tools for businesses of all sizes. This move is part of Amplitude's broader strategy to make digital analytics more accessible and affordable, ensuring that even smaller businesses can optimize their digital products using cutting-edge analytics solutions.
Amplitude's achievements have been recognized in the industry, including its recent certification as an Amazon Web Services (AWS) Advertising and Marketing Technology Competency Partner. This acknowledgment highlights the company's expertise in providing marketers with self-serve visibility into the end-to-end customer journey, further solidifying its position as a leader in the digital analytics space.
Amplitude announced its Q3 2024 financial results, highlighting a 9% YoY increase in Annual Recurring Revenue (ARR) to $298 million and a 6% YoY revenue growth to $75.2 million. The company reported a GAAP net loss of $20 million and a non-GAAP income of $1.6 million. GAAP net loss per share was $0.14, while non-GAAP net income per share was $0.03. Free Cash Flow decreased by $3 million to $4.5 million, with a 5 percentage point drop in Free Cash Flow margin. The number of paying customers grew by 41% YoY to 3,486, and customers with ARR over $100,000 increased by 13% to 567. The company launched new products and formed a strategic partnership with HubSpot. Amplitude also acquired Command AI and hired its first Chief Engineering Officer, Wade Chambers.
Amplitude (Nasdaq: AMPL) has launched Web Experimentation, a new product enabling easy A/B testing and web experience personalization. This self-service tool allows product managers, marketers, and growth leaders to conduct experiments with minimal engineering support, accelerating the testing process. Key features include:
- Visual editing and point-and-click interaction
- High-performance infrastructure to eliminate screen flicker
- Advanced statistics for complex experiments
- Custom code editor for testing modals, banners, and layouts
- Integration with Amplitude's digital analytics platform
The product aims to address common challenges in A/B testing, such as resource-intensive setups, lack of flexibility, and page slowdowns. Web Experimentation is now available to all customers, with free inclusion in the Starter plan.
Amplitude (Nasdaq: AMPL) has acquired Command AI, a startup specializing in AI-powered user assistance for software. This acquisition aims to enhance Amplitude's digital analytics platform by integrating personalized user assistance features such as in-product nudges, tours, onboarding guides, and surveys. The integration is expected to help companies improve customer experiences, increase user satisfaction, and drive business impact.
Key features to be integrated include:
- Guides and Product Tours
- Announcements with smart triggers
- Real-time surveys
- Personalized checklists for new users
Amplitude (Nasdaq: AMPL), a leading digital analytics platform, has announced its upcoming third quarter 2024 earnings release and webcast. The company will disclose its financial results after the market closes on Thursday, November 7, 2024. Following the release, Amplitude will host a video webcast at 2:00 PM PT to discuss the financial outcomes and provide guidance for the fourth quarter and full year 2024.
Investors and interested parties can access the webcast through the Investor Relations section of Amplitude's website at investors.amplitude.com. For those unable to attend live, a replay of the webcast will be made available on the same website shortly after the event concludes.
Amplitude (Nasdaq: AMPL), a leading digital analytics platform, has appointed Wade Chambers as its first Chief Engineering Officer. With over 25 years of engineering leadership experience, Chambers will lead Amplitude's Engineering organization and strengthen its product innovation. This appointment follows recent company developments, including:
1. The release of Amplitude Made Easy, a simplified platform experience
2. Launch of Snowflake Native Amplitude
3. A strategic partnership with HubSpot
4. Enhanced data governance capabilities
Chambers, who has been an advisor to Amplitude since 2016, brings extensive experience from roles at Included Health, Twitter, TellApart, Proofpoint, Yahoo, Opsware, and Netscape. His appointment aims to further expand Amplitude's integrated platform, which currently includes Analytics, Session Replay, CDP, and Experiment.
Amplitude (NASDAQ: AMPL) and HubSpot (NYSE: HUBS) have announced a strategic partnership at INBOUND 2024 to enhance product-led growth for Go To Market (GTM) teams. The collaboration integrates Amplitude's digital analytics with HubSpot's Smart CRM, enabling teams to:
1. Leverage enhanced Lead Scoring with product usage insights
2. Utilize Customer Health Scoring for better expansion timing and churn prevention
3. View Amplitude charts in HubSpot dashboards
4. Target customer cohorts based on product usage
5. Analyze marketing campaign performance with combined data
The partnership aims to provide GTM teams with a unified view of customer behavior, improving lead prioritization, sales conversion, and customer retention. Joint customers like UserGuiding have reported significant boosts in sales conversions and operational efficiency.
Amplitude, Inc. (Nasdaq: AMPL) has unveiled a radically simplified digital analytics platform experience, making it easier for organizations to gain customer insights and improve products. The new platform, Amplitude Made Easy, allows teams to:
- Set up with just one line of code
- Access out-of-the-box insights
- Utilize an AI-powered query engine
Key features include one-line code setup, autocapture for user interactions, Ask Amplitude for AI-powered answers, and a Template Gallery. These improvements aim to remove barriers in data analysis and accelerate value creation for users across various teams.
Amplitude announced its Q2 2024 financial results. Annual Recurring Revenue (ARR) reached $290 million, up 8% YoY. Q2 revenue was $73.3 million, also up 8% YoY. However, Free Cash Flow showed a 19 percentage point decrease to $6.8 million. GAAP Net Loss per share improved to $0.19 from $0.24, but Non-GAAP Net Income per share fell from $0.02 to $(0.00). Operational cash flow decreased significantly from $20.4 million to $9.2 million.
Amplitude's customer base grew by 38%, with 547 customers contributing $100,000 or more in ARR. Key business developments include the appointment of Andrew Casey as CFO, being named a Leader in The Forrester Wave™ report, and launching new integrations and offerings.
Amplitude (Nasdaq: AMPL) has been named the Leader in The Forrester Wave™: Feature Management And Experimentation Solutions, Q3 2024. The company achieved the highest score possible in 11 criteria, including advanced experimentation, audience segmentation, data security, and analytics. Forrester praised Amplitude's vision, intuitive UI, and pricing.
Amplitude's unified platform combines analytics, feature management, experimentation, and data management, enabling product, engineering, data, and marketing teams to collaborate across the entire product lifecycle. The report highlights Amplitude's strength in delivering top-notch analytics to each phase of product development and delivery.
Customers like Coursera, Evaneos, and Super.com use Amplitude Experiment for product testing and personalization. The company also ranked number one in 17 categories in G2's Summer 2024 report, including Product Analytics for the 16th consecutive quarter.
Amplitude (Nasdaq: AMPL), a leading digital analytics platform, has appointed Andrew Casey as its new Chief Financial Officer (CFO). With over 25 years of enterprise software experience, Casey will lead Amplitude's General & Administrative organization, overseeing finance, accounting, and legal operations. Casey's background includes significant roles at companies like Lacework, WalkMe, ServiceNow, and Hewlett-Packard.
CEO Spenser Skates expressed confidence in Amplitude's future, citing Casey's extensive experience and strategic vision as valuable assets for the company's growth acceleration. Casey, who led Lacework's acquisition by Fortinet and WalkMe's IPO, emphasized Amplitude's potential in addressing universal focus areas of customer experience and digital product experience.
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