Twilio Inc (NYSE:TWLO) shares dwindled Wednesday, after fourth-quarter earnings fell in-line with consensus estimates after the close Tuesday.
The San Francisco-based Twilio reported Q4 earnings at four cents per share. Sales came in at $204.3 million, beating estimates by $19.29 million. The company issued weak first-quarter and FY2019 earnings guidance.
CEO Jeff Lawson said, "The power of our platform model was evident in our results once again, as Q4's exceptional results capped off an incredible 2018."
GAAP loss from operations of $44.0 million for the fourth quarter of 2018, compared with GAAP loss from operations of $20.2 million for the fourth quarter of 2017. Non-GAAP income from operations of $2.4 million for the fourth quarter of 2018, compared with non-GAAP loss from operations of $3.9 million for the fourth quarter of 2017.
Twilio also reported 64,286 Active Customer Accounts as of December 31, 2018, compared to 48,979 Active Customer Accounts as of the end of the previous year.
Dollar-Based Net Expansion Rate was 147% for the fourth quarter of 2018, compared to 118% for the fourth quarter of 2017. The company had 1,440 employees as of December 31, 2018.
Twilio is providing guidance for the first quarter ending March 31, 2019, with revenue projected to be $222-$225 million, while non-GAAP foreseen being one to two million dollars.
Twilio, says Tuesday’s news release, "Twilio has democratized communications channels like voice, text, chat, video and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications."
Shares subtracted $4.41, or 3.8%, in $110.88
