Although its third quarter earnings aren’t set to be released for another month, Twilio on Tuesday filed a report detailing what it expects to have for the three months that ended September 30, 2016. The cloud communication company revealed that it may have revenue between $70.25 million and $71.25 million, a year-over-year difference of up to 60 percent. What’s more, it plans to have more than 34,000 active customers, an annual increase of nearly 43 percent.
As for other financial progress, it was revealed that gross profit will be between $39.55 million and $40.05 million compared to $24.7 million a year ago, but there will be a loss from operations of between $11.75 million and $12.25 million, which is more than the $8.9 million lost the same time in 2015.
It expects there to be a non-GAAP net loss per share of between $0.04 and $0.05, which is lower than the $0.07 loss in September 2015.
To put this into perspective, Wall Street analysts expected the company to generate $64.37 million in revenue for the quarter with a $0.09 net loss per share. So if the number hold, Twilio could have a better than expected result, surpassing estimates.
Although preliminary earnings, these numbers are an effort by Twilio to quell fears by shareholders brought on by the company’s $400 million secondary offering, which was announced last week. Its stock tanked 14 percent on Monday in response to the move. A company spokesperson told VentureBeat that this filing is intended to “provide updated projections so that shareholders can make informed decisions in light of our follow-on offering.”
The company cautioned that today’s “unaudited interim consolidated financial statements…have not been finalized and are not available.”
Twilio’s stock is currently up 1.34 percent in active trading at $52.71.
Updated as of 1:08 p.m. Pacific on Tuesday: Updated with statement from Twilio and corrected the earnings per share from GAAP to non-GAAP figures.
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