Bandwidth tops Q3 guidance, lifts FY outlook; President Carreker resigns; co. buys back $160M notes at ~29% discount

Bandwidth Inc.

2022-Q3 EPS reported -$0.55 revenue$416,178,000

Q3 revenue $148M, above guidance; non-GAAP EPS $0.27 vs $0.25 YoY; raised FY2022 outlook.
President Marina Carreker resigns effective Dec 31, 2022; no disagreement cited.
Company to repurchase ~$160M of 0.25% convertible notes at ~29% discount; ~$240M remains.
Capped call transactions remain; repurchases expected to close Nov 28, 2022.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Marina C. Carreker

President

BAND · Bandwidth Inc.

Effective: 2022-12-31
Filed: November 1, 2022, 7:59 PM ET

On October 31, 2022, Marina C. Carreker informed Bandwidth that she has decided to resign her position as President of Bandwidth, effective December 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Bandwidth Inc. updated its third quarter ended September 30, 2022 guidance (raised).

Period: third quarter ended September 30, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On November 1, 2022, Bandwidth Inc. (“Bandwidth”) issued a press release reporting its financial results for the third quarter ended September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Marina C. Carreker resigned as President at Bandwidth Inc..

Action: resigned
Role: President

Exact text from the filing

On October 31, 2022, Marina C. Carreker informed Bandwidth that she has decided to resign her position as President of Bandwidth, effective December 31, 2022.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

Bandwidth Inc. filing history →

Source: SEC EDGAR

accession 0001514416-22-000202

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