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Twilio Q1 loss narrows YOY

Twilio Inc. said its normalized net income for the first quarter was a loss of 23 cents per share, compared with a loss of 31 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.0 million, compared with a loss of $5.5 million in the prior-year period.

The normalized profit margin increased to negative 6.7% from negative 16.4% in the year-earlier period.

Total revenue increased 77.9% on an annual basis to $59.3 million from $33.4 million, and total operating expenses climbed 55.9% year over year to $65.7 million from $42.2 million.

Reported net income totaled a loss of $6.5 million, or a loss of 37 cents per share, compared to a loss of $8.7 million, or a loss of 49 cents per share, in the year-earlier period.