Overview

* Amplitude Q3 revenue grows 18% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting effective operational strategies

* Company reports positive cash flow despite GAAP net loss

Outlook

* Company expects Q4 revenue between $89.0 mln and $91.0 mln

* Amplitude forecasts full-year revenue of $340.8 mln to $342.8 mln

* Company anticipates Q4 non-GAAP net income per share of $0.04 to $0.05

Result Drivers

* AI PLATFORM - CEO Spenser Skates attributes growth to AI analytics platform helping companies understand user engagement

* ENTERPRISE CUSTOMER GROWTH - CFO Andrew Casey cites expansion of enterprise customer base as a key strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $88.60 $86.30

Revenue mln mln (9

Analysts

)

Q3 Beat $0.02 $0.01

Adjusted (10

EPS Analysts

)

Q3 Free $3.40

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Amplitude Inc ( AMPL ) is $16.00, about 40.8% above its November 4 closing price of $9.48

* The stock recently traded at 94 times the next 12-month earnings vs. a P/E of 115 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)