Twilio Inc. (NYSE:TWLO) Q2 2016 Earnings Conference Call - Final Transcript

Aug 08, 2016 • 03:00 am ET


Twilio Inc. (NYSE:TWLO) Q2 2016 Earnings Conference Call - Final Transcript


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Good afternoon. My name is Stephanie and I will be your conference operator today. At this time, I would like to welcome everyone to the Twilio Q2 2016 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Mr. Greg Kleiner, Head of Investor Relations for Twilio. You may begin.

Greg Kleiner

Thank you. Good afternoon, everyone, and welcome to Twilio's second quarter 2016 earnings conference call. Joining me today are Jeff Lawson, Twilio's Co-Founder and CEO; and Lee Kirkpatrick, Twilio's CFO. The primary purpose of today's call is to provide you with information regarding our 2016 second quarter performance in addition to our financial outlook for our 2016 third quarter and full year. Some of our discussion and responses to your questions may contain forward-looking statements including, but not limited to, statements regarding our future performance including our financial outlook, our market opportunity, and market trends; customer adoption of our products, our momentum, and our ability to execute on our vision. These statements are subject to risks, uncertainties, and assumptions.

Should any of these risks or uncertainties materialize or should any of our assumptions as outlined in our earnings release and the documents referred to in that release proved to be incorrect, actual company results could differ materially from these forward-looking statements. Discussions of the risks and uncertainties related to our business is contained in our final prospectus filed with the Securities and Exchange Commission on June 23, 2016 and our remarks during today's discussion should be considered to incorporate this information by reference. Forward-looking statements represent our beliefs and assumptions only as of the date such statements are made. We undertake no obligation to update any forward-looking statements made during this call to reflect events or circumstances after today or to reflect new information or the occurrence of unanticipated events except as required by law.

Our commentary today will contain certain non-GAAP financial measures, including discussions of gross profit, operating expenses, loss from operations, net loss per share, and weighted average shares outstanding. Non-GAAP financial measures may exclude certain amounts which are included in our GAAP financial measures. Accordingly, the following items are available in our earnings release which we issued a short time ago. The most directly comparable GAAP financial measures, the reconciliations between these GAAP financial measures and non-GAAP financial measures, information regarding the reasons why we are presenting non-GAAP financial measures, as well as the reasons why we present guidance for non-GAAP measures of loss from operations and net loss per share, but not the comparable GAAP measures.

The earnings release is available in the Investor Relations page of our website and as part of Form 8-K furnished to the SEC. Finally, at times in our prepared remarks or in response to your questions, we may offer incremental metrics to provide greater insight into the dynamics of our business