May 2 Cloud-based communication software maker
Twilio Inc forecast a larger-than-expected adjusted
loss for the full year, sending its shares down 30 percent in
The company forecast adjusted full-year loss of 27 cents-30
cents, well below analysts' average estimate of a loss of 16
cents, according to Thomson Reuters I/B/E/S.
Twilio also said it was seeing some changes in its
relationship with its largest customer, Chief Executive Officer
Jeff Lawson said in a statement on Tuesday.
San Francisco-based Twilio's customers include WhatsApp,
which accounted for about 9 percent of the company's revenue in
2016 and 17 percent in 2015.
Revenue jumped 47.2 percent to $87.4 million in the first
Net loss attributable to stockholders increased to $14.2
million from $6.5 million.
On a per share basis, that translated to a loss of 16 cents,
compared with a loss of 37 cents a year-earlier, due to a higher
Excluding items, the company reported a loss of 4 cents per
share. Analysts on average had estimated a loss of 6 cents per
The company's shares were down 29.6 percent at $23.9 in
after-market trading. Through Tuesday's close, the stock had
gained about 18 percent this year.
(Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj