Staff or Guest writer for The Dog of Wall Street.

2020-08-05 09:23

Twilio (NYSE: TWLO), the leading cloud communications platform, today reported financial results for its second quarter ended June 30, 2020.

Here the highlights:

• Total revenue of $400.8 million for the second quarter of 2020, up 46% year-over-year.
• GAAP loss from operations of $102.6 million for the second quarter of 2020, compared to $93.7 million for the second quarter of 2019.
• Non-GAAP income from operations of $9.5 million for the second quarter of 2020, compared to $1.5 million for the second quarter of 2019.
• GAAP net loss per share attributable to common stockholders of $0.71 for the second quarter of 2020, based on 141.6 million weighted average shares outstanding, compared to a net loss per share of $0.72 for the second quarter of 2019.
• Non-GAAP diluted net income per share attributable to common stockholders of $0.09 based on 153.7 million non-GAAP weighted average shares outstanding, compared to net income per share of $0.03 for the second quarter of 2019.
• More than 200,000 Active Customer Accounts as of June 30, 2020, up 24% year-over-year.
• Dollar-Based Net Expansion Rate, calculated using total revenue, was 132% for the second quarter of 2020, compared to 141% for the second quarter of 2019.

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

"Organizations in nearly every industry are turning to Twilio as they identify new ways to communicate with their customers and stakeholders. We are just scratching the surface of this huge opportunity, and we believe the solutions being built today using our customer engagement platform will be the standard for digital engagement in the future.”

Twilio's stock has been up 188% year to date.