Amplitude, Inc. (NASDAQ:AMPL) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET

Company Participants

Yaoxian Chew – Vice President-Investor Relations

Spenser Skates – Chief Executive Officer and Co-Founder

Chris Harms – Chief Financial Officer

Conference Call Participants

Elizabeth Porter – Morgan Stanley

Koji Ikeda – Bank of America

Michael Turits – KeyBanc

Claire Gerdes – UBS

Rob Oliver – Baird

Clarke Jefferies – Piper

Arjun Bhatia – Blair

Tyler Radke – Citi

Nick Altmann – Scotia

Gil Luria – D.A. Davidson

Yaoxian Chew

Hello everyone. Welcome to Amplitude's First Quarter 2023 Earnings Conference Call. I'm Yaoxian Chew, Vice President of Investor Relations. Joining me are Spenser Skates, CEO and Co-Founder of Amplitude; and Chris Harms, the company's Chief Financial Officer.

During today's call, management will make forward-looking statements, including statements regarding our financial outlook for the second quarter and full-year 2023, the expected performance of our products, our expected quarterly and long-term growth, investments, and our overall future prospects. These forward-looking statements are based on current information, assumptions, and expectations and are subject to risks and uncertainties some of which are beyond our control that could cause actual results to differ materially from those described in these statements.

Further information on the risks that could cause actual results to differ is included in our filings with the Securities and Exchange Commission, you are cautioned not to place undue reliance on these forward-looking statements, and we assume no obligation to update these statements after today's call except as required by law. Certain financial measures used on today's call are expressed on a non-GAAP basis. We use these non-GAAP financial measures internally to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes. These non-GAAP financial measures have limitations and should not be used in isolation from or as a substitute for financial information prepared in accordance with GAAP. A reconciliation between these GAAP and non-GAAP financial measures is included in our earnings press release, which can be found on our Investor Relations website at investors.amplitude.com.

With that, I'll hand the call over to Spenser.

Spenser Skates

Thank you, Yao. Good afternoon everyone, and welcome to our Q1 2023 earnings call. We have a lot to cover today, so I'm going to focus my remarks on three key areas. First, our Q1 financials and some customer product and AI highlights; second, an update on the environment and outlook for 2023; third, how we're adapting and why the long-term opportunity remains as compelling as ever. Before I get to that, I want to reiterate my view on the market. Almost every business with a digital product needs to know more about what their customers love, what causes them to get stuck and what keeps them coming back.