Welcome to our dedicated page for Amplitude news (Ticker: AMPL), a resource for investors and traders seeking the latest updates and insights on Amplitude stock.
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, Inc. (NASDAQ: AMPL) highlights significant growth in 2021, driven by the introduction of its Digital Optimization System. The company launched products like Amplitude Recommend and Amplitude Experiment to enhance digital customer understanding. Amplitude was recognized on G2's lists, ranking #1 in multiple analytics categories, and expanded its customer base with notable companies. Its Partner Ecosystem now includes over 60 partners, enhancing its market footprint. The firm also made strategic board additions to fuel growth, reinforcing its commitment to digital optimization.
Immersive Labs, a leader in enhancing cyber capabilities, has appointed Jennifer Johnson to its Board of Directors. Johnson, a four-time CMO with extensive experience in the cybersecurity sector, previously served at Tenable and Tanium. Her expertise in category creation and go-to-market strategies is expected to help the company capitalize on its $123 million venture capital funding and drive significant growth. CEO James Hadley believes her experience will be crucial in articulating the company's vision for risk control across the workforce.
Amplitude, Inc. (NASDAQ: AMPL) announced its participation in significant investor events. CFO Hoang Vuong will present at the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, at 8:20 a.m. PT. CEO Spenser Skates and CFO Hoang Vuong will also present at the UBS Global TMT Virtual Conference on December 7, 2021, at 12:00 p.m. PT. Live webcasts of these presentations can be accessed via the investor relations page on Amplitude's website. Amplitude is a leader in digital optimization software, serving over 1,400 customers including major brands like Atlassian and Shopify.
Amplitude, Inc. has launched a new EU data centre in Frankfurt, Germany, aimed at supporting its expanding customer base in Europe. This facility adheres to strict EU data privacy standards, including GDPR compliance and certifications in ISO 27001 and SOC 2 Type II. By partnering with Amazon Web Services, Amplitude enhances data storage, ingestion, and visualisation capabilities while prioritising security and privacy. This investment is part of Amplitude's commitment to improving digital product analytics and customer experience in the region.
Amplitude, Inc. (NASDAQ: AMPL) announced a new integration with Snowflake that allows users to seamlessly import data and gain insights into customer behavior. This partnership enables teams across organizations to break down data silos and unlock real-time analysis for product innovation and revenue growth. Businesses like Square have benefited from this integration, enhancing their understanding of customers through actionable data. The integration enhances data quality and governance, facilitating faster decision-making and deeper insights for both technical and non-technical users.
Amplitude, Inc. (Nasdaq: AMPL) announced Q3 2021 revenue of $45.5M, a 72% increase year-over-year, with current remaining performance obligations rising to $125.9M (up 66%). The company reported a GAAP loss from operations of $(36.8M) and a net loss per share of $(0.93). Notably, the number of paying customers grew by 54% to 1,417. The dollar-based net retention rate increased to 121%.
Looking ahead, Amplitude remains optimistic about its market opportunities and innovation potential.
RudderStack partners with Amplitude (Nasdaq: AMPL) to enhance product insights for businesses. This collaboration integrates RudderStack's real-time customer data platform with Amplitude’s digital optimization system, allowing organizations to access and analyze user behavior data efficiently. Benefits include real-time event data delivery, comprehensive user insights across platforms, and simplified analytics for actionable decision-making. This partnership aims to enable companies to leverage data for accelerated innovation and improved business outcomes.
Amplitude, Inc. (NASDAQ: AMPL), a leader in digital optimization, will announce its third-quarter financial results for the period ending September 30, 2021, on November 9, 2021, after market close. A video webcast will follow at 2:00 PM PT to discuss results and future outlook. With over 1,200 paying customers, including 26 from the Fortune 100, Amplitude continues to solidify its position in the market. For more information, the webcast will be available on the Investor Relations section of Amplitude's website.
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