AMPL Q3 results

Investment Analysis Clubs Saul’s Investing Discussions
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Revenue of $45.5M, up 72% year-over-year

Current Remaining Performance Obligations of $125.9M, up 66% year over year

Remaining Performance Obligations up 79%

Non-GAAP GM 71.3%

They are still posting negative profits and cash flows -increase loss in these metrics in Q3

Number of paying customers grew 54% year-over-year to 1,417.

Dollar-based net retention rate at the end of September 30, 2021, was 121% compared to 119% at the end of September 30, 2020.

At first glance the results seem good;. The stock is down nearly 14% AH (I’m puzzled as to why)

I can’t find the results on the Company’s IR webpage - this is the alternative link which I used https://finance.yahoo.com/news/amplitude-announces-third-qua…

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  • Further point for consideration “Amplitude Announces Partnership With Snowflake to Combine the Data Cloud and Digital Optimization, Delivering Real-Time, Unified and Enriched Customer Insights”

https://finance.yahoo.com/news/amplitude-announces-partnersh…

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At first glance the results seem good;. The stock is down nearly 14% AH (I’m puzzled as to why)

Weak guidance maybe? They Guided for 46-47 million for Q4.

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Guidance was pretty meh, only 3% sequentially, I sold my position given the terrible guidance.