In This Article:
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Revenue: $80 million, up 10% year over year.
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Annual Recurring Revenue (ARR): $320 million, up 12% year over year and $8 million sequentially.
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Non-GAAP Operating Loss: $2.1 million.
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Customers with >$100k ARR: 617, an increase of 18% year over year.
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Dollar-Based Net Retention Rate (NRR): 101%, up 5 points from Q2 of last year.
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Gross Margin: 77% for the first quarter.
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Sales and Marketing Expenses: 45% of revenue.
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General and Administrative (G&A) Expenses: 15% of revenue.
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Research and Development (R&D) Expenses: 19% of revenue.
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Total Operating Expenses: $63 million, 79% of revenue.
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Net Loss Per Share: $0, based on 129.7 million basic shares.
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Free Cash Flow: $9.2 million, 12% of revenue.
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Revenue Guidance for Q2 2025: $80.3 million to $82.3 million.
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Full Year 2025 Revenue Expectation: $329 million to $333 million.
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Share Repurchase Program: $50 million approved by the board.
Release Date: May 07, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Amplitude Inc (NASDAQ:AMPL) exceeded the midpoint of its revenue and operating loss guidance for Q1 2025.
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Annual recurring revenue (ARR) increased to $320 million, up 12% year over year.
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The company saw a significant increase in enterprise customers, with 64% of total ARR coming from this segment.
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New product innovations, such as guides and surveys, have seen faster adoption and incremental ARR than previous products.
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Amplitude Inc (NASDAQ:AMPL) has successfully returned to double-digit revenue growth, indicating strong business momentum.
Negative Points
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Despite improvements, macroeconomic uncertainties continue to pose challenges for new customer acquisitions.
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The company is still working through past contract churns from 2021 and 2022, which have impacted growth.
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There is a need for increased market awareness about Amplitude Inc (NASDAQ:AMPL)'s expanded platform beyond analytics.
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Sales cycles may be affected by the push for longer-term contracts amidst a dynamic macro environment.
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The company faces ongoing scrutiny from CFOs regarding the return on investment for its platform, necessitating clear value demonstration.
Q & A Highlights
Q: Can you explain the factors behind the $8 million increase in net new ARR this quarter? A: Spencer Skates, CEO, explained that the increase was primarily due to overcoming past contract churns from 2021 and 2022. The company is now experiencing a more stable churn rate. Additionally, enterprise wins and the introduction of new products like session replay and guides and surveys contributed to the growth.