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Amplitude, Inc. (NASDAQ:AMPL ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Yaoxian Chew - Vice President, Investor Relations Spenser Skates - Chief Executive Officer and Founder Criss Harms - Chief Financial Officer Conference Call Participants Koji Ikeda - Bank of America Brent Bracelin - Piper Michael Vidovic - KeyBanc John Gomez - Scotia Bank Taylor McGinnis - UBS Rob Oliver - Baird Arjun Bhatia - Blair Tyler Radke - Citi Elizabeth Porter - Morgan Stanley Operator Yaoxian Chew Hello everyone. Welcome to Amplitude's First Quarter 2024 Earnings Conference Call.

While the top- and bottom-line numbers for Amplitude (AMPL) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Amplitude, Inc. (AMPL). But which of these two stocks is more attractive to value investors?

Investors with an interest in Technology Services stocks have likely encountered both Qifu Technology, Inc. (QFIN) and Amplitude, Inc. (AMPL). But which of these two companies is the best option for those looking for undervalued stocks?

Amplitude provides a digital analytics platform for understanding user behavior in digital products. AMPL stock has experienced a significant decline since its IPO, but there is potential for a rebound. The demand for data-driven decision making and Amplitude's unique offerings position the company for accelerated growth beyond temporary headwinds today.

The product analytics specialist missed top-line estimates and offered weak guidance. The company expects growth to improve in the second half of the year.

Amplitude announced mixed quarterly results despite solid recurring revenue growth and improvements in free cash flow. The digital-analytics platform provider issued light forward guidance for 2024.

Amplitude, Inc. (AMPL) Q4 2023 Earnings Call Transcript

Amplitude, Inc. (AMPL) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.03 per share a year ago.

Amplitude is seeing interest from generative AI start-ups like Midjourney and Character.ai. The software company could be a big winner from a boom in artificial intelligence.