secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001514416-23-000085
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441623000085/0001514416-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441623000085/band-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001514416-23-000085

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