Box reported quarterly earnings that missed analysts' expectations on Wednesday, sending the stock down as much as 17 percent in after-hours trading.
The company reported a fiscal fourth-quarter loss of $1.65 per share, broadly missing estimates for a loss of $1.17 per share.
However, Box CEO Aaron Levie disputed the consensus estimate during a call with investors and said it was based on an incorrect share count. He says the forecasts should have actually called for a quarterly loss of $1.99 a share.
On a brighter note, the cloud storage provider easily beat revenue estimates as billings for the quarter rose more than 30 percent.