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Snap Inc. (SNAP) - Get Snap, Inc. Class A Report , parent company of photo-sharing app Snapchat, reported a smaller net loss than Wall Street had estimated, and revenue better than estimates. 

Despite the beat, Snap shares fell more than 2% in after-hours trading on Thursday, after having gained 5.91% in regular hours. The stock fell 10.41% Friday. 

Snap's non-GAAP diluted loss came in at $0.12 per share on revenue of $298 million. Wall Street was expecting an adjusted loss of $0.14 per share on revenue of $283.36 million. Net income was $325 million. 

"We're investing in long-term growth opportunities and driving operational efficiencies," Snap CFO Tim Stone said in a press release.

Potentially hurting the stock were the user growth numbers. Daily active users (DAUs) rose only 5% year-over-year to 186 million, and fell 1% compared to the previous quarter. 

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Snap guided for fourth-quarter revenue of between $355 million and $380 million and an adjusted operating loss of between $75 million and $100 million. 

One of Snap's issues with respect to user growth is its Android app. "[Snap] doesn't seem to work very well on Android devices," Craig Huber, founder and CEO of Huber Research Partners told TheStreet. He added, "I don't know why they're not focused on it."

Huber also pointed out that despite improvements on to the efficiency of its monetization, "it's the fourth quarter in a row of stagnated users and second quarter in a row down sequentially," he said.  "That's what's driving sentiment," Huber argued. 

The stock is down 57.02% so far this year and the company may be in danger of running out of cash by 2020 unless it's able to make some major improvements. 

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