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Amplitude Sees Q4 EPS $0.02-$0.03 Vs $0.03 Est.; Revenue $71.3M-$71.9M Vs $70.35M Est.; FY23 EPS $0.05-$0.06 Vs $0.04 Est.; Revenue $276.2M-$276.8M Vs $274.87M Est.

Author: Benzinga Newsdesk | November 07, 2023 09:26pm

Financial Outlook:

The fourth quarter and full year 2023 outlook information provided below is based on Amplitude's current estimates and is not a guarantee of future performance. These statements are forward-looking and actual results may differ materially. Refer to the "Forward-Looking Statements" section below for information on the factors that could cause Amplitude's actual results to differ materially from these forward-looking statements.

For the fourth quarter and full year 2023, the Company expects:

 Fourth Quarter 2023Full Year 2023
Revenue$71.3 - $71.9 million$276.2 - $276.8 million
Non-GAAP Operating Income (Loss)$1.3 - $1.9 million$(4.5) - $(3.9) million
Non-GAAP Net Income Per Share, Diluted$0.02 - $0.03$0.05 - $0.06
Weighted Average Shares Outstanding, Diluted129.8 million127.8 million

The impact of restructuring charges, which include employee severance and termination benefits, are excluded from our non-GAAP operating income (loss) and non-GAAP net income per share business outlook.

An outlook for GAAP income (loss) from operations, GAAP net income (loss), GAAP net income (loss) per share and a reconciliation of expected non-GAAP income (loss) from operations to GAAP income (loss) from operations, expected non-GAAP net income to GAAP net income (loss), and expected non-GAAP net income per share to GAAP net income (loss) per share have not been provided as the quantification of certain items included in the calculation of GAAP income (loss) from operations, GAAP net income (loss) and GAAP net income (loss) per share cannot be reasonably calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as the number and value of awards granted that are not currently ascertainable, and the non-GAAP adjustment for amortization of acquired intangible assets depends on the timing and value of intangible assets acquired that cannot be accurately forecasted.

Posted In: AMPL

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