AmplitudeE, Inc. (NASDAQ:AMPL) plunged 5.64% in the pre-market trading session on Friday, as the software company reported disappointing 2024 full-year earnings results that missed analyst expectations.
The key highlights of AmplitudeE's 2024 earnings report include:
- Revenue growth of 8.3% year-over-year to $299.3 million, in line with estimates
- Net loss widened by 4.4% to $94.3 million, or $0.76 per share, missing EPS estimates by 9.3%
- The company's shares had rallied 16% in the week leading up to the earnings release
While AmplitudeE's revenue growth met expectations, the larger-than-expected net loss and earnings per share miss appear to have spooked investors, leading to a sharp sell-off in the pre-market session. The stock's previous rally suggests that investors had higher expectations for the company's 2024 performance.