$TWLO DETONATES A MOUNTAIN OF TNT ON THE BACKS OF SHAREHOLDERS IN HORRIBLE EARNINGS MISS

Fred Wilson has a rich history of making extraordinary private investments. Much of that has to do with his pedigree, being an MIT graduate and all. However, an odd thing happens once his companies transition to the public markets. For lack of a better term, dare I say, they implode.

Don’t say this Fly on the wall didn’t warn you (link related).

Twilio beats by $0.03, beats on revs; guides Q2 below consensus; lowers FY17 guidance below consensus (33.94 -0.45)

Reports Q1 (Mar) loss of $0.04 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.07); revenues rose 47.4% year/year to $87.4 mln vs the $83.51 mln Capital IQ Consensus.

Co issues downside guidance for Q2, sees EPS of ($0.11)-(0.10), excluding non-recurring items, vs. ($0.08) Capital IQ Consensus Estimate; sees Q2 revs of $85.5-87.5 mln vs. $87.70 mln Capital IQ Consensus Estimate.

Co issues downside guidance for FY17, lowers EPS to ($0.30)-(0.27) from ($0.19-0.15), excluding non-recurring items, vs. ($0.17) Capital IQ Consensus; revs to $356-362 mln from $364-372 mln vs. $369.60 mln Capital IQ Consensus Estimate.

“While we are seeing some changes in the relationship with our largest customer, our momentum across the business continues to be strong, with a 42% year over year growth in Active Customer Accounts and a 62% year over year growth in Base Revenue during the quarter.”

40,696 Active Customer Accounts as of March 31, 2017, compared to 28,648 Active Customer Accounts as of March 31, 2016.
Dollar-Based Net Expansion Rate was 141% for the first quarter of 2017, compared to 170% for the first quarter of 2016.

Uh, looks like Fred has a two-fer tonight. Another one of his ‘investments’, ETSY, missed earnings — and is crushing investors in the after-hours.

Etsy misses by $0.01, misses on revs; CEO stepping down, co not providing guidance, discloses additional workforce reductions