Thu, Feb 20, 9:07 PM (24 days ago)
**Amplitude, Inc. (AMPL) 2024 10-K Summary:** For the fiscal year ended December 31, 2024, Amplitude reported revenues of $299.3 million, an 8% increase from $276.3 million in 2023. Despite this growth, the company recorded a net loss of $94.3 million, slightly higher than the previous year’s loss of $90.4 million. Operating expenses rose to $329.7 million, driven by increased investments in research and development ($97.6 million) and sales and marketing ($168.3 million). The company’s dollar-based net retention rate decreased to 97% from 101% year-over-year, indicating challenges in customer expansion. Strategically, Amplitude is focused on enhancing its Digital Analytics Platform, integrating AI capabilities, and expanding its customer base, which includes 3,875 paying customers, 591 of whom contribute over $100,000 in ARR. The company generated 98% of its revenue from subscriptions. Risks include reliance on customer retention, competition, and macroeconomic factors impacting software spending. The company maintains a strong liquidity position with $171.7 million in cash and cash equivalents as of year-end. Moving forward, Amplitude aims to leverage its platform's capabilities to capture a growing digital analytics market while managing operational complexities and potential regulatory challenges.