Box reported quarterly results on Wednesday that beat analyst expectations, and revenue that was above estimates. But the company's guidance for the first quarter was lighter than Wall Street's forecasts.
That's compared to the comparable year-ago loss of 26 cents per share. Revenue was up 29 percent year-over-year from $85.0 million.
Still, the company hit a major goal: It generated positive free cash flow for the first time in the fourth quarter.
"We don't need to raise any more capital in the market — we are self-sufficient," CEO Aaron Levie told CNBC. "We got here through growth of the business."
Shares were down slightly after hours.
The enterprise cloud technology company has seen shares rise more than 50 percent over the past year, as it expanded in Europe, added more collaboration tools, and ramped up in industries like finance, government and science. The company has integrations with tech heavyweights like Google, Mircosoft and IBM, and 71,000 business customers ranging from AstraZeneca to Southwest Airlines.
Levie has also been very outspoken against President Donald Trump, though he has said he will "work constructively with D.C." The company announced last month it would donate $100,000 to the International Rescue Committee to support refugees in conflict zones, amid new U.S. policies that have made it more difficult for refugees to enter the United States.
"We care a lot about immigration," Levie told CNBC on Wednesday. "We have a range of talent from around the world. That's what makes Box as strong as it is."
Fresh off the earnings report, Levie also had some advice for Snap CEO Evan Spiegel, who will brave the public markets for the first time on Thursday.
"Overcommunicate your strategy," Levie said. "Be as clear as possible about your vision. Snap has a lot of potential. Snap must now be predictable, consistent and achieve the goals they laid out."
Levie will be on CNBC's "Mad Money" on Thursday.