The stock of Amplitude Inc (AMPL) closed the regular trading session at $41.61, losing 5.86% from the previous trading session. The stock of AMPL declined massively in the after-market, losing 40.28%. AMPL announced the financial results for the fourth quarter of the fiscal year 2021. The company also filed form 8-K with the SEC to report their quarterly earnings.
AMPL Financials
On February 16, 2022, Amplitude Inc (AMPL) released the financial results for the fourth quarter of the fiscal year 2021, which ended on December 31, 2021. The main highlights of the financial results are
- The revenue of the company increased from $30.1 million in Q4 of FY20 to $49.4 million in Q4 of the fiscal year 2021. Revenue increased by 64.1% YoY.
- Net loss of AMPL was $21.9 million in the fourth quarter of FY21 against $5.3 million in the same quarter of FY20.
- Diluted loss per share was $0.20 in Q4 of FY21 as compared to $0.21 in Q4 of FY20.
- Operating expense during Q4 of the fiscal year 2021 was $55.5 million versus $25.9 million in Q4 of FY20.
The number of paying customers increased by 54% YoY to 1,597 customers. Consequently, the dollar-based net retention rate increased to 123% in Q4 of FY21 versus 119% in Q4 of FY20.
CEO Remarks
The CEO of Amplitude Inc, Spenser Skates, said that 2021 was a development year for Amplitude. He further said that digital products are turning into the focal driver for how organizations work, go to market, and produce revenue.
Mr. Skates concluded that they accept they are in the beginning phases of a huge market opportunity. Moreover, they are eager to help organizations understand the business results of digital optimization.
About AMPL
Amplitude Inc is a company that focuses on analytics. This includes Amplitude Analytics, Amplitude Recommend, as well as Amplitude Experiment which it alludes to as a digital optimization system for organizations. AMPL is based in San Francisco, California, United States of America (USA).
