{"id":14131,"date":"2022-02-17T01:43:01","date_gmt":"2022-02-17T01:43:01","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/17\/shares-in-amplitude-plunge-on-lower-than-expected-outlook\/"},"modified":"2022-02-17T01:43:01","modified_gmt":"2022-02-17T01:43:01","slug":"shares-in-amplitude-plunge-on-lower-than-expected-outlook","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/17\/shares-in-amplitude-plunge-on-lower-than-expected-outlook\/","title":{"rendered":"Shares in Amplitude plunge on lower-than-expected outlook"},"content":{"rendered":"

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Shares in behavior tracking firm\u00a0Amplitude Inc.<\/a> plunged in after-hours trading today after the company delivered a lower-than-expected outlook in its latest quarterly earnings report.<\/p>\n

For the quarter ended Dec. 31, Amplitude reported a loss before certain costs such as stock compensation of five cents per share, compared with a loss of two cents in the same quarter of 2020. Revenue in the quarter jumped 64% year-over-year, to $49.4 million.<\/p>\n

Both figures were better than\u00a0analysts\u2019 estimates<\/a> of an eight-cents-per-share loss on revenue of $46.95 million.<\/p>\n

Highlights in the quarter included the number of Amplitude\u2019s paying customers growing 54% year-over-year, to 1,597. Dollar-based net retention as of the end of the quarter was 123% compared with 119% at the same time the previous year.<\/p>\n

For the full fiscal year 2021, Amplitude reported an adjusted loss per share of 30 cents on revenue of $167.3 million.<\/p>\n

\u201c2021 was a breakthrough year for Amplitude. Digital products are becoming the central driver for how businesses operate, go to market and generate revenue,\u201d Spenser Skates, co-founder and chief executive of Amplitude, said in a statement<\/a>. \u201cStrong execution combined with demand for the Amplitude Digital Optimization System drove our fiscal year 2021 results.\u201d<\/p>\n

Skates added that \u201cwe believe we are in the very early stages of a large market opportunity and we\u2019re excited to help companies realize the business outcomes of digital optimization.\u201d<\/p>\n

Looking forward, Amplitude predicted an adjusted loss per share of nine to ten cents per share in the first quarter of 2022 on revenue of $50 million to $51 million. For the full year, the company predicted an adjusted loss of 42 to 44 cents per share on revenue of $226 million to $234 million.<\/p>\n

Analysts had been predicting revenue of $51.3 million in the first quarter and $235.8 million for the full year.<\/p>\n

\u201cAs we provide guidance for this year, we want to make sure we\u2019re setting something we feel great about delivering on,\u201d Skates told MarketWatch<\/a>, adding that the company remains focused on \u201cthe long-term potential\u201d of its software suite.<\/p>\n

Amplitude\u2019s outlook didn\u2019t miss by much, but investors did not like the numbers. Shares of Amplitude fell after-hours by nearly 40%.<\/p>\n

Photo: Amplitude<\/h5>\n
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