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Amplitude Sees Q3 EPS $0.00-$0.01 Vs $0.03 Est.; Revenue $73.5M-$74.5M Vs $73.84M Est.; FY24 EPS $0.05-$0.08 Vs $0.08 Est.; Revenue $294.5M-$296.5M Vs $294M Est.

Author: Benzinga Newsdesk | August 08, 2024 04:42pm

Financial Outlook:

The third quarter and full year 2024 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 third quarter and full year 2024, the Company expects:

 Third Quarter 2024Full Year 2024
Revenue$73.5 - $74.5 million$294.5 - $296.5 million
Non-GAAP Operating Income (Loss)$(2.2) - $(1.2) million$(5.0) - $(2.0) million
Non-GAAP Net Income (Loss) Per Share$0.00 - $0.01$0.05 - $0.08
Weighted Average Shares Outstanding131.6 million, diluted131.4 million, diluted

Note: On June 12, 2024 the United States Department of the Treasury issued new sanctions related to Russia that will become effective on September 12, 2024. These sanctions are expected to negatively impact Amplitude's ability to collect receivables from customers that were previously unaffected.

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 (loss) to GAAP net income (loss), and expected non-GAAP net income (loss) 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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