Why Twilio Shares Are Breaking Out

By Chris Lange Updated Jan 11, 11:53PM EST · Published May 9, 10:20AM EDT

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Why Twilio Shares Are Breaking Out — © Thinkstock

Twilio Inc. (NYSE: TWLO) released its most recent quarterly results before the markets opened on Wednesday. The company said that it had a net loss of $0.04 per share on $129.1 million in revenue. That compares with consensus estimates that called for a net loss of $0.07 per share on revenue of $116.55 million. In the first quarter of last year, it posted a net loss of $0.04 per share and $87.37 million in revenue.

During the latest quarter, the company recorded 53,985 active customer accounts, compared to 40,696 last year.

In the same time, the dollar-based net expansion rate was 132%, compared to 141% in the first quarter of last year.

The company unveiled Twilio Flex this quarter, the first cloud contact center application platform that’s programmable at every layer of the stack, giving businesses complete control of their contact center experience.

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Looking ahead to the second quarter, Twilio expects to see a net loss in the range of $0.06 to $0.05 per share on $129.0 million to $131.0 million. The consensus estimates call for a net loss of $0.06 per share on $122.82 million in revenue for the quarter.

Jeff Lawson, Twilio’s co-founder and CEO, commented:

We are honored that a growing list of companies around the world are placing their trust in Twilio. Our first quarter results exhibited broad-based strength across multiple areas of our business, especially with continued expansion with existing customers. Our continued devotion to innovation was highlighted by the launch of Twilio Flex – the first fully programmable cloud contact center application platform.

Shares of Twilio were last seen up about 14.5% at $50.78 on Wednesday, with a consensus analyst price target of $43.00 and a 52-week range of $22.90 to $52.30.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.