AmplitudeNASDAQ: AMPL

Lannion, October 21, 2024 – 5:55 pm Q3 REVENUE AGREEMENT SIGNED TO ACQUIRE THE CONTINUUM PRODUCT RANGE FROM THE AMPLITUDE LASER GROUP Growth upturn in Q3 for the Medical Division, stability for the Photonics Division Signature of an agreement with Amplitude Laser Group to acquire the Continuum range of nanosecond lasers from its US subsidiary The LUMIBIRD Group (FR0000038242 - LBIRD), the European leader in laser technologies, recorded revenues of €141.5m for the first 9 months of 2024, up +2% and stable on a like-for-like basis. Revenues for the 3rd quarter showed a clear upturn in growth for the Medical segment, at +8.0%, and stability for the Photonics segment, at +0.2% on a reported basis.

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Amplitude said it's moved past its biggest contract resets from the pandemic. Its software is emerging is a crucial tool for generative AI companies.

Upgraded rating from hold to buy due to potential growth acceleration in the coming quarters. 2Q24 earnings showed positive growth, strong billings, and raised revenue guidance. New Amplitude product launch expected to drive further growth acceleration.

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

Headlines might say technology stocks have been rallying this year, but it depends on where you look. The Russell 2000 Index, for example, tracks small-t0-midsized capitalization stocks listed in the United States.

Amplitude (AMPL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

SAN FRANCISCO--(BUSINESS WIRE)--Amplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced that Christopher Harms is no longer serving as the Chief Financial Officer and principal financial and accounting officer of Amplitude, effective today. Mr. Harms' departure from the Company is not the result of any dispute or disagreement with the Company's accounting principles or practices or financial statements and disclosures. The Company has initiated a search for Mr. Har.

Investors interested in Technology Services stocks may be familiar with both Coherent (COHR) and Amplitude, Inc. (AMPL). However, determining the better choice for undervalued stocks between these two companies is the question at hand.