TWITTER, INC (TWTR) saw its loss widen to $167.05 million, or $0.23 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $90.24 million, or $0.13 a share. On the other hand, adjusted net income for the quarter stood at $118.60 million, or $0.16 a share compared with $114.62 million or $0.16 a share, a year ago.
Revenue during the quarter went up marginally by 0.95 percent to $717.21 million from $710.47 million in the previous year period. Gross margin for the quarter contracted 1195 basis points over the previous year period to 57.37 percent. Operating margin for the quarter stood at negative 20.03 percent as compared to a negative 9.46 percent for the previous year period.
Operating loss for the quarter was $143.63 million, compared with an operating loss of $67.18 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $215.11 million compared with $191.42 million in the prior year period. At the same time, adjusted EBITDA margin improved 305 basis points in the quarter to 29.99 percent from 26.94 percent in the last year period.
Operating cash flow improves significantlyTwitter, Inc has generated cash of $763.06 million from operating activities during the year, up 99.20 percent or $379.99 million, when compared with the last year. The company has spent $598.01 million cash to meet investing activities during the year as against cash outgo of $902.42 million in the last year.
The company has spent $83.98 million cash to carry out financing activities during the year as against cash outgo of $63 million in the last year period.
Cash and cash equivalents stood at $988.60 million as on Dec. 31, 2016, up 8.46 percent or $77.13 million from $911.47 million on Dec. 31, 2015.
Working capital increases marginally
Twitter, Inc has recorded an increase in the working capital over the last year. It stood at $4,068.18 million as at Dec. 31, 2016, up 4.96 percent or $192.42 million from $3,875.75 million on Dec. 31, 2015. Current ratio was at 7.97 as on Dec. 31, 2016, down from 8.66 on Dec. 31, 2015.
Debt moves upTwitter, Inc has witnessed an increase in total debt over the last one year. It stood at $1,686.65 million as on Dec. 31, 2016, up 5.22 percent or $83.70 million from $1,602.96 million on Dec. 31, 2015. Total debt was 24.55 percent of total assets as on Dec. 31, 2016, compared with 24.88 percent on Dec. 31, 2015. Debt to equity ratio was almost stable at 0.37 as on Dec. 31, 2016, when compared with the last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
