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Yes, but the deficit/revenue is falling fast 2013: 53% 2014: 30% 2015: 21% 2016Q1: 11%

• allworknoplay 10y ago
  Yes, because they've cut sales/marketing/g&a hugely as % of sales. Their opex profile now looks more like a normal, mature software company. Pity they still (and prolly always will) spend nearly half their revenues on connection/network fees. Sucks to be a phone company / utility. Difficult business to rock even when you're an amazing, innovative, unique company like twilio.