When Twilio Inc. (NYSE: TWLO) reported its fourth-quarter financial results after the markets closed on Tuesday, the company said that it had breakeven earnings per share (EPS) and $82.0 million in revenue. The consensus estimates from Thomson Reuters called for a net loss of $0.05 per share and $74 million in revenue.
Base revenue of $75.2 million for the fourth quarter of 2016 was up 73% from the fourth quarter of 2015 and 17% sequentially from the third quarter of 2016.
At the end of the quarter, Twilio had 36,606 active customer accounts, up from 25,347 in the fourth quarter from last year.
Also during the quarter, the company acquired Beepsend, a Sweden-based application-to-person messaging provider, to enhance the capabilities of the Twilio Super Network.
In terms of the outlook for the current quarter, the company expects to see a net loss per share in the range of $0.06 to $0.07 and revenues between $82.0 million and $84.0 million. The consensus estimates call for a net loss of $0.04 per share and $77.62 million in revenue for the first quarter.
On the books, Twilio’s cash and cash equivalents totaled $305.67 million at the end of the quarter, up from $108.84 at the end of the same period from last year.
Jeff Lawson, Twilio’s co-founder and CEO, commented:
Our fourth quarter and full year results demonstrate the power of our platform business model that starts with developers and extends to some of the largest enterprises in the world. As we look into 2017, we will continue to invest in innovation and growth with the goal of powering the software-based future of communications.
Shares of Twilio closed Tuesday down 2.7% at $30.96, with a consensus analyst price target of $38.10 and a post-IPO trading range of $23.66 to $70.96. Following the release of the earnings report, the stock was up about 2% at $31.60 in early trading indications Wednesday.