Don't Sleep on Twilio Stock After It Makes More Progress on Profitability

There was a great deal of debate surrounding high-growth but low- to no-profit companies during the peak-pandemic stock boom. For some investors, these stocks were untouchable given their premium valuations and loss-generating operations. Others thought these companies could cut expenses and quickly begin turning a profit when they so chose. 

The past year or so has tested that argument. Some companies were indeed able to cut expenses, and are now healthy and self-sustaining -- but others not so much. Twilio (NYSE: TWLO) has so far fallen into the latter group, and it could take years for the business to get itself into profitable territory. Nevertheless, it's making progress.

Here's what happened during the last quarter that gives me encouragement.

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Source Fool.com