Short answer
Twilio Inc (TWLO) filed its Q3 2019 10-Q quarterly report on Oct 31, 2019 for the quarter ended Sep 30, 2019.
Twilio Inc Q3 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $295.1M, up 75% YoY from $168.9M, driven by Programmable Messaging, Voice and SendGrid
- Gross margin remained stable YoY; GAAP operating margin (32%) vs (15%), net loss $87.7M vs $27.1M
- Base Revenue $275.5M, up 79%; Variable Revenue $19.5M, up 34%
- Operating cash flow $2.0M for nine months vs $12.8M; investing used $1,182.7M, including $147.0M acquisitions
- Cash needs covered at least 12 months; headwinds included pricing decreases, international mix and higher network fees
Risk Factors
- A2P SMS carrier fees, triggered by major U.S. carriers, expected to reduce gross margins despite customer pass-through
- GDPR noncompliance, including potential fines of €20 million or 4% of global annual revenues
- AWS dependence, service disruption threatening platform availability and customer service-level commitments up to 99.95%
- WhatsApp concentration, accounting for 5% of nine-month revenue without a long-term contract
- Continued losses, $216.8 million net loss and $588.5 million accumulated deficit as of September 30, 2019
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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