Amplitude, Inc. Files Q3 2024 10-Q

TL;DR

**AMPL Q3 10-Q FILED: Check financials for latest performance.**

AI Summary

Amplitude, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures relevant to investors are presented, including information on revenue, expenses, and balance sheet items.

Why It Matters

This filing provides investors with the latest financial snapshot of Amplitude, Inc., crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, there are inherent risks associated with financial performance and market conditions that could impact the company's valuation.

Key Numbers

• 201 THIRD STREET, SUITE 200 — Business Address (Amplitude's headquarters location)
• 510 473-5668 — Business Phone (Contact number for Amplitude)

Key Players & Entities

• Amplitude, Inc. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241107 (date) — Filing date
• SAN FRANCISCO, CA (location) — Company's business and mailing address

FAQ

Key Financial Figures

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

Filing Documents

• ampl-20240930.htm (10-Q) — 2568KB
• ampl-ex10_1.htm (EX-10.1) — 48KB
• ampl-ex10_2.htm (EX-10.2) — 212KB
• ampl-ex10_3.htm (EX-10.3) — 78KB
• ampl-ex31_1.htm (EX-31.1) — 16KB
• ampl-ex31_2.htm (EX-31.2) — 16KB
• ampl-ex32_1.htm (EX-32.1) — 9KB
• ampl-ex32_2.htm (EX-32.2) — 9KB
• 0000950170-24-123339.txt ( ) — 8765KB
• ampl-20240930.xsd (EX-101.SCH) — 1106KB
• ampl-20240930_htm.xml (XML) — 1324KB

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 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36 PART II. OTHER INFORMATION 37 Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 67 Item 3. Defaults Upon Senior Securities 67 Item 4. Mine Safety Disclosures 67 Item 5. Other Information 67 Item 6. Exhibits 68

Signatures

Signatures 69 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 September 30, 2024 As of December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 317,448 $ 248,491 Restricted cash, current 878 — Marketable securities, current 2,496 73,909 Accounts receivable, net of allowance for doubtful accounts of $ 832 and $ 1,101 as of September 30, 2024 and December 31, 2023, respectively 29,335 29,496 Prepaid expenses and other current assets 23,661 16,624 Deferred commissions, current 14,312 11,444 Total current assets 388,130 379,964 Property and equipment, net 15,490 10,068 Intangible assets, net 145 609 Goodwill 4,073 4,073 Restricted cash, noncurrent — 869 Deferred commissions, noncurrent 26,292 26,942 Operating lease right-of-use assets 4,074 6,856 Other noncurrent assets 7,438 4,303 Total assets $ 445,642 $ 433,684 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 2,677 $ 3,063 Accrued expenses 34,791 26,657 Deferred revenue 114,906 102,573 Total current liabilities 152,374 132,293 Operating lease liabilities, noncurrent 518 3,604 Noncurrent liabilities 2,723 3,034 Total liabilities 155,615 138,931 Commitments and contingencies (Note 8) Stockholders' equity: Preferred stock, $ 0.00001 par value per share; 20,000 shares authorized as of September 30, 2024 and December 31, 2023; zero shares issued and outstanding as of September 30, 2024 and December 31, 2023 — — Class A common stock, $ 0.00001 par value per share; 600,000 shares authorized as of September 30, 2024 and December 31, 2023, 92,283 and 85,628 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 1 1 Class B common stock, $ 0.00001 par value per share; 600,000 shares au