Bandwidth beats Q3 guidance; revenue $152M, record free cash flow $18M

Bandwidth Inc.

2023-Q3 EPS reported -$0.21 revenue$435,731,000

Revenue $152M vs $148M YoY, exceeding guidance; non-GAAP gross margin 55%.
Adjusted EBITDA $14M (up from $13M); record free cash flow of $18M.
On track for 30% annual profitability growth; reaffirms confidence in 2026 targets.
CEO cites strong momentum heading into 2024.

item 2.02 item 5.03 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 the third quarter ended September 30, 2023 results: revenue $ 152.

Period: the third quarter ended September 30, 2023
Revenue: $ 152
Result: reported results

Exact text from the filing

international callers, and entering passcode 8162695. Investor Contact Sarah Walas Bandwidth 919-504-6585 ir@bandwidth.com Three months ended September 30, 2023 2022 Revenue $ 152 $ 148 Gross Margin 39 % 43 % Non-GAAP Gross Margin (1) 55 % 57 % Adjusted EBITDA (1) $ 14 $ 13 Free Cash Flow (1) $ 18 $ 13 (1) Additional information regarding the

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Bandwidth Inc.: Adopted Third Amended and Restated Bylaws, addressing universal proxy rules and enhancing stockholder nomination and proposal procedures (effective 2023-11-02).

Change: bylaw amendment
Effective: 2023-11-02

Exact text from the filing

On November 2, 2023, the Company’s Board of Directors (the “Board”) approved and adopted an amendment and restatement of the Company’s bylaws (the “Third Amended and Restated Bylaws”), which became effective the same day.

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

Bandwidth Inc. filing history →

Source: SEC EDGAR

accession 0001514416-23-000149

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