Bandwidth Q1 revenue $138M beats guidance; messaging revenue up 8% YoY

Bandwidth Inc.

2023-Q1 EPS reported -$0.28 revenue$137,844,000

Revenue of $138M, up 5% YoY, exceeding company guidance.
Non-GAAP gross margin improved to 54% from 53% YoY; GAAP gross margin 40% vs 42%.
Adjusted EBITDA $5M, down from $8M in Q1 2022; dollar-based net retention 109% (vs 114%).
CEO cites enterprise customer growth, Maestro product, and AI tech as key drivers.
Focus on profitability and direct-to-enterprise momentum remains strategic priority.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bandwidth Inc. reported first quarter ended March 31, 2023 results: revenue $138 million.

Period: first quarter ended March 31, 2023
Revenue: $138 million
Result: reported results

Exact text from the filing

Bandwidth Announces First Quarter 2023 Financial Results First quarter revenue of $138 million exceeded guidance

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 0001514416-23-000085

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.