Twilio Announced its First Financial Results as a Public Company, Beating Expectations

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Twilio Inc (NYSE:TWLO), the leading Cloud Communications Platform company, announced its first financial results after going public on Monday after the bell. Revenue beat expectations and share prices increased in after-hours trading.

According to the statement of the company, Twilio reported revenue of $64.5 million for the second quarter ended June 30, which increased 70% year-over-year and 9% compared to the first quarter of 2016. The revenue in the second quarter beat analyst’s expectations of $58.22 million.

Net loss was $0.08 per share based on 72.8 million weighted average shares outstanding in Q2, and in the same period of 2015, the non-GAAP net loss was $0.11 per share based on 68.3 million non-GAAP weighted average shares outstanding. Net loss per share was bellow the estimate of $0.14.

In the statement, the company said that it has 30,780 active customer accounts in the second quarter, increased from 21,226 active customer accounts in the second quarter of 2015. Twilio also mentioned that it would cooperate with Facebook Messenger and would integrate into the Messenger platform. Also, the company announced its new relationship with Amazon Web Services to deliver SMS messages for AWS’s Simple Notification Service.

Based on the financial results, Twilio issued guidance for the third quarter ended September 30, 2016 and full year 2016. Total revenue for the third quarter of 2016 is expected to be $63 to $65 millions and non-GAAP net loss per share is expected to be between $0.09 to $0.10 per share. For the full year 2016, total revenue is expected to be $235 to $257 million and non-GAAP net loss per share to be $0.28 to $0.30 per share.

The statement also announced the completion of Twilio’s IPO in June on the NYSE. Shares of Twilio was priced at $15 per share then, and in midday trading today, Twilio stock increased 0.14% to $42.56 per share.

 “We delivered strong results in our first quarter as a public company, as we saw continued growth across our product lines,” Jeff Lawson, the Chief Executive Officer of Twilio, said in the statement. “The successful completion of our IPO in June will provide additional capital and brand visibility to drive our growth in the future as we look to fuel the future of communications.”

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