secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001514416-23-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441623000046/0001514416-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441623000046/band-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001514416-23-000046

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