Amplitude, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Amplitude, Inc. has filed its Q1 2024 10-Q report detailing financial performance and operational updates.</b>

AI Summary

Amplitude, Inc. (AMPL) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. Amplitude, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of the fiscal year. Key financial data and operational details are provided for the reporting period. The company's business address is 201 Third Street, Suite 200, San Francisco, CA 94103. The filing includes information on stock plans and executive compensation.

Why It Matters

For investors and stakeholders tracking Amplitude, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest financial results and operational status of Amplitude, Inc. for the first quarter of 2024. Understanding the details within this report is crucial for assessing the company's current financial health, strategic direction, and potential risks moving forward.

Risk Assessment

Risk Level: medium — Amplitude, Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information and does not inherently signal significant positive or negative developments beyond the disclosed figures.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Amplitude's performance and outlook.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-05-09 — Filing Date (Filed as of date)
• 001-40817 — SEC File Number (SEC File Number)

Key Players & Entities

• Amplitude, Inc. (company) — Filer name
• 201 Third Street, Suite 200 (address) — Business address
• San Francisco (location) — Business address city
• CA (location) — Business address state
• 94103 (postal_code) — Business address zip
• Eric Vishria (person) — Mentioned in context of stock plans

FAQ

Industry Context

Amplitude, Inc. operates in the software industry, specifically providing prepackaged software solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability trends.
2. Review any disclosed risk factors or legal proceedings.
3. Examine executive compensation details and stock-based compensation plans.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending March 31, 2024. Previous filings would include the 10-K annual report and prior 10-Q quarterly reports.

Key Financial Figures

• $0.00001 — hich registered Class A Common Stock, $0.00001 par value per share AMPL The Nasdaq

Filing Documents

• ampl-20240331.htm (10-Q) — 1879KB
• 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
• 0000950170-24-056922.txt (&nbsp;) — 7100KB
• ampl-20240331.xsd (EX-101.SCH) — 1070KB
• ampl-20240331_htm.xml (XML) — 1106KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 6 Condensed Consolidated Balance Sheets 6 Condensed Consolidated Statements of Operations and Comprehensive Loss 7 Condensed Consolidated Statements of Stockholders' Equity 8 Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements 11 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 32 PART II. OTHER INFORMATION 34 Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64 Item 3. Defaults Upon Senior Securities 64 Item 4. Mine Safety Disclosures 64 Item 5. Other Information 64 Item 6. Exhibits 65

Signatures

Signatures 66 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q 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"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q 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 Quarterly Report on Form 10-Q 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 war in Ukraine and the conflict in the Middle East, on our business and the global economy generally; our reliance on key personnel and our ability to identify, recruit, and retain skilled personnel; our ability to drive growth by incorporating ar

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

. Financial Statements

Item 1 . Financial Statements AMPLITUDE, INC. Condensed Consolidated Balance Sheets (In thousands, except per share amounts) (unaudited) As of March 31, 2024 As of December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 265,705 $ 248,491 Marketable securities, current 50,442 73,909 Accounts receivable, net of allowance for doubtful accounts of $ 1,244 and $ 1,101 as of March 31, 2024 and December 31, 2023, respectively 36,066 29,496 Prepaid expenses and other current assets 18,671 16,624 Deferred commissions, current 13,190 11,444 Total current assets 384,074 379,964 Property and equipment, net 10,871 10,068 Intangible assets, net 295 609 Goodwill 4,073 4,073 Restricted cash, noncurrent 872 869 Deferred commissions, noncurrent 25,071 26,942 Operating lease right-of-use assets 5,939 6,856 Other noncurrent assets 6,716 4,303 Total assets $ 437,911 $ 433,684 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 14,573 $ 3,063 Accrued expenses 26,228 26,657 Deferred revenue 102,774 102,573 Total current liabilities 143,575 132,293 Operating lease liabilities, noncurrent 2,536 3,604 Noncurrent liabilities 2,590 3,034 Total liabilities 148,701 138,931 Commitments and contingencies (Note 8) Stockholders' equity: Preferred stock, $ 0.00001 par value per share; 20,000 shares authorized as of March 31, 2024 and December 31, 2023; zero shares issued and outstanding as of March 31, 2024 and December 31, 2023 — — Class A common stock, $ 0.00001 par value per share; 600,000 shares authorized as of March 31, 2024 and December 31, 2023, 88,239 and 85,628 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1 1 Class B common stock, $ 0.00001 par value per share; 600,000 shares authorized as of March 31, 2024 and December 31, 2023;