What drove AMPL's EPS growth in 2024?

Amplitude's EPS declined in 2024, not increased. The company's financial performance was negatively impacted by several factors: |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |AMPL|AMPL.O|Amplitude|2024 Q1|21.739130434782613|-0.18|186| |AMPL|AMPL.O|Amplitude|2024 Q2|20.83333333333333|-0.19|186| |AMPL|AMPL.O|Amplitude|2024 Q3|6.666666666666654|-0.14|186| 1. **Revenue Impact of Inflation**: While inflation can lead to higher nominal revenues for companies through price increases, it can also reduce demand and negatively affect revenue if customers switch to cheaper alternatives or reduce consumption. Amplitude's total revenue for the year was $299.27 million, which may not have fully absorbed the inflationary pressures. 2. **Net Income Impact of Inflation**: Inflation can lead to increased costs, including raw materials, components, and labor, which can squeeze profit margins. Amplitude reported a net loss of $94.32 million for the year, indicating that the company faced significant challenges in managing its costs and maintaining profitability in an inflationary environment. In conclusion, Amplitude's EPS decline in 2024 was likely a result of the company's inability to fully pass on inflationary pressures to customers, combined with increased costs that eroded profitability.