Bandwidth Q4 revenue $157M beats guidance; net income $33M; 2023 Adj. EBITDA +30%

Bandwidth Inc.

2022-FY EPS reported -$0.48 revenue$573,152,000

Q4 revenue $157M, up 25% YoY; full year revenue $573M, up 17% YoY; both exceeded mid-point of guidance by $10M.
Q4 net income $33M ($1.32 basic EPS) vs loss of $8M in prior year; non-GAAP net income $5M ($0.19 per share).
Full year 2022 Adjusted EBITDA $35M, down from $50M in 2021; guides to 30% increase in 2023 Adjusted EBITDA.
Campaign messaging demand contributed $23M to Q4 revenue and $37M to full year revenue.
Appointed Devin Krupka as principal accounting officer; Daryl Raiford remains CFO.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Devin M. Krupka

principal accounting officer

BAND · Bandwidth Inc.

Effective: 2023-02-21
Filed: February 23, 2023, 6:59 PM ET

On February 21, 2023, the board of directors of Bandwidth appointed Devin M. Krupka, Bandwidth’s Controller, as Bandwidth’s principal accounting officer.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bandwidth Inc. updated its the fourth quarter ended December 31, 2022 guidance (raised).

Period: the fourth quarter ended December 31, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On February 23, 2023, Bandwidth Inc. (“Bandwidth”) issued a press release reporting its financial results for the fourth quarter ended December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Devin M. Krupka was appointed as principal accounting officer at Bandwidth Inc..

Action: appointed
Role: principal accounting officer

Exact text from the filing

On February 21, 2023, the board of directors of Bandwidth appointed Devin M. Krupka, Bandwidth’s Controller, as Bandwidth’s principal accounting officer.

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 0001514416-23-000046

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