SendGrid (SEND) reported earnings on Tue 31 July 2018 (a/h)

** charts before earnings **

  

** charts after earnings **

SendGrid beats by $0.04, beats on revs; guides Q3 and FY18 revs above consensus 

• Reports Q2 (Jun) earnings of $0.05 per share, $0.04 better than the Capital IQ Consensus of $0.01; revenues rose 32.1% year/year to $35.67 mln vs the $34.35 mln Capital IQ Consensus. Ended the quarter with more than 74,000 customers, up 35% compared with the second quarter of 2017. Delivered email volume of 140.2 billion for the second quarter, up 29% compared with the second quarter 2017.
• Co sees Q3 revs of $35.9 -36.1 mln vs. $35.28 mln Capital IQ Consensus Estimate; non-GAAP adjusted net income of ~$1.25-1.75 million, which does not include ~$3.0 million of stock compensation expense, and less than $500,000 of restructuring and M&A-related expense. 
• Co sees FY18 revs of $142.5 -144.0 mln vs. $141.66 mln Capital IQ Consensus Estimate; adjusted net income of $7.0 million to $9.0 million.