Amplitude Inc. reported mixed fourth-quarter financial results, showing revenue growth alongside an ongoing net loss. The company announced adjusted earnings of 4 cents per share, missing analyst estimates, while revenue reached $91.4 million, slightly exceeding expectations. Revenue climbed 17% year-over-year, though Amplitude maintained a negative net margin of 31% and a negative return on equity of 36%, with a net loss of $17.6 million.
The company, which provides digital analytics for businesses to track and optimize user behavior, also introduced new artificial intelligence agents. These agents are designed to monitor product usage, identify effective features, and offer recommendations for improvement, aiming to usher in a "new era of analytics." CEO Spenser Skates emphasized the potential for accelerated learning and iteration for product teams.
Amplitude's forward guidance presented a varied outlook. The company anticipates a first-quarter loss per share, contrasting with analyst profit expectations. However, its revenue forecast for the current quarter and the full year projects sales figures that align with or slightly surpass Wall Street consensus.
Despite recent gains, Amplitude's stock has experienced a significant decline year-to-date, underperforming the broader S&P 500 Index.