Amplitude, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Amplitude, Inc. has filed its 2023 10-K report detailing financial performance and equity information.</b>

AI Summary

Amplitude, Inc. (AMPL) filed a Annual Report (10-K) with the SEC on February 20, 2024. Amplitude, Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers financial data and operational details for the period. Key financial statement items such as cost of sales and selling and marketing expenses for 2021, 2022, and 2023 are detailed. Information regarding equity plans, including stock options and restricted stock units, is provided for various periods. The report includes details on common stock classes (Class A and Class B) and additional paid-in capital as of December 31, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Amplitude, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Amplitude's financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The detailed breakdown of expenses, equity, and stock-based compensation offers insights into the company's investment in growth and its compensation strategies.

Risk Assessment

Risk Level: medium — Amplitude, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the lack of specific financial performance metrics (revenue, net income, EPS) in the provided text necessitates a medium risk assessment as a full analysis is not possible without those key figures.

Analyst Insight

Investors should review the full 10-K filing to understand Amplitude's financial performance, strategic initiatives, and risk factors for the fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-20 — Filing Date (Filed as of date)
• 2021-01-01 to 2023-12-31 — Reporting Periods (Various financial statement periods)
• DE — State of Incorporation (State where Amplitude, Inc. is incorporated)

Key Players & Entities

• Amplitude, Inc. (company) — Filer of the 10-K report
• 2023-12-31 (date) — Fiscal year end
• 2024-02-20 (date) — Filing date
• 201 THIRD STREET, SUITE 200 (address) — Business and mailing address
• SAN FRANCISCO (location) — City for business and mailing address
• CA (location) — State for business and mailing address
• 94103 (postal_code) — ZIP code for business and mailing address
• 510 473-5668 (phone_number) — Business phone number

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-20: Filing Date — Date Amplitude, Inc. submitted its 10-K to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document type filed, containing the company's audited financial statements and other essential business information for the fiscal year.)

Restricted Stock Units (RSUs)

A form of equity compensation where employees receive shares of stock after a vesting period. (Details on RSUs outstanding and granted are important for understanding employee compensation and potential dilution.)

Key Financial Figures

• $0.00001 — hich registered Class A Common Stock, $0.00001 par value per share AMPL The Nasdaq
• $100,000 — ely, that each represented greater than $100,000 in Annual Recurring Revenue ("ARR") and
• $1 million — ely, that each represented greater than $1 million in ARR, demonstrating how critical we a

Filing Documents

• ampl-20231231.htm (10-K) — 2987KB
• ampl-ex10_7.htm (EX-10.7) — 51KB
• ampl-ex21_1.htm (EX-21.1) — 12KB
• ampl-ex23_1.htm (EX-23.1) — 4KB
• ampl-ex31_1.htm (EX-31.1) — 15KB
• ampl-ex31_2.htm (EX-31.2) — 15KB
• ampl-ex32_1.htm (EX-32.1) — 9KB
• ampl-ex32_2.htm (EX-32.2) — 9KB
• ampl-ex97_1.htm (EX-97.1) — 32KB
• img112735939_0.jpg (GRAPHIC) — 33KB
• img112735939_1.jpg (GRAPHIC) — 31KB
• img112735939_2.jpg (GRAPHIC) — 31KB
• 0000950170-24-017102.txt (&nbsp;) — 12123KB
• ampl-20231231.xsd (EX-101.SCH) — 1557KB
• ampl-20231231_htm.xml (XML) — 2245KB

Business

Business 6 Item 1A.

Risk Factors

Risk Factors 18 Item 1B. Unresolved Staff Comments 46 Item 1C. Cybersecurity 46 Item 2.

Properties

Properties 47 Item 3.

Legal Proceedings

Legal Proceedings 47 Item 4. Mine Safety Disclosures 47 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 48 Item 6. [Reserved] 49 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 49 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 65 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 66 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 93 Item 9A.

Controls and Procedures

Controls and Procedures 93 Item 9B. Other Information 93 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 93 PART III Item 10. Directors, Executive Officers and Corporate Governance 94 Item 11.

Executive Compensation

Executive Compensation 94 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 94 Item 13. Certain Relationships and Related Transactions, and Director Independence 94 Item 14. Principal Accountant Fees and Services 94 PART IV Item 15. Exhibits and Financial Statement Schedules 95 Item 16 Form 10-K Summary 96

Signatures

Signatures 97 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts contained in this Annual Report on Form 10-K may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to statements about: our expectations regarding our revenue, expenses, and other operating results; our ability to acquire new customers; our ability to increase usage of our Digital Analytics Platform and upsell and cross sell additional products; our ability to achieve or sustain profitability; future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our sales and marketing efforts, including our ability to grow and maintain our channel partners, and our ability to promote our brand; the effects of public health crises and other global events, such as the ongoing war in Ukraine, on our business and the global economy generally; our reliance on key personnel and our ability to identify, recruit, and retain skilled personnel; anticipated savings or operational efficiencies and charges in connection with our restructuring plan; our ability to effectively manage o

. Business

Item 1 . Business. Overview We are driving the evolution of a new category of software called digital analytics. Our Digital Analytics Platform helps businesses understand how people are using their products so they can build amazing digital experiences that increase acquisition, monetization, and retention—and drive revenue growth. Digital products are embedded in every part of our daily lives, and digital has become the primary way business is done. Offering compelling digital products and services is key to business growth and success. That is why digital analytics is emerging as a strategic investment for every company to survive and thrive in the digital-first world. The way that companies build digital products is going through a fundamental change from being intuition-based to data-driven. Product teams have historically decided what to build based on gut feel and without a firm understanding of what will drive business results. Today, the best teams make decisions based on a complete picture of what customers are doing and why. Product data makes this possible. It is the next untapped growth lever to transform how businesses build products, gain key insights into which features have the greatest business impact, and connect with customers. The amount of time consumers spend interacting with digital products has led to an explosion of both the quantity and diversity of data. Because digital products are data generators, in-product and in-app behavior can now be analyzed. With this data, teams can gain insight from the actions end users take within digital products and answer important questions, such as where in the purchase journey do users experience friction, what are the top user paths between signup and trial conversion, and which features increase new customer retention. Traditionally, businesses have spent billions of dollars on a patchwork of systems, including web and marketing analytics, business intelligence tools, and sentiment tools,