secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001514416-22-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth Q4 total revenue $126M (+11% YoY); full year revenue $491M (+43% YoY)
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- Full year total revenue $491M, up 43% YoY; CPaaS revenue $414M, up 39% YoY.
- Q4 total revenue $126M vs $113M YoY; net loss $8M ($0.33/sh) vs $20M ($0.81/sh) prior year.
- Full year GAAP net loss $27M ($1.09/sh) vs $44M ($1.83/sh); Non-GAAP net income $26M ($0.97/sh) vs $14M ($0.55/sh).
- Q4 Non-GAAP net income $2M ($0.09/sh); Adjusted EBITDA $8M flat YoY; Non-GAAP gross margin 47% vs 49% prior year.
- CPaaS gross margin improved to 48% in Q4 (47% prior year); non-GAAP CPaaS gross margin 53% vs 51% prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000040/0001514416-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000040/band-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001514416-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer