Bandwidth reports Q3 revenue of $130.6M, up 54% YoY; GAAP net loss $6.9M

Bandwidth Inc.

2021-Q3 EPS reported -$0.77 revenue$364,775,000

Total revenue $130.6M (+54% YoY); CPaaS revenue $107.4M (+46% YoY).
GAAP net loss $6.9M ($0.28 per share) vs $2.4M loss in Q3 2020.
Non-GAAP net income $6.5M ($0.25 per diluted share), flat YoY.
Adjusted EBITDA $14.2M, up from $9.3M in Q3 2020; consolidated gross margin 45%.
CEO cites DDoS attacks sharpened defenses; enterprise cloud momentum continues.

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