Bandwidth beats Q4 guidance; $165M revenue, $19M Adj. EBITDA; 2024 guidance: 16% rev growth, 50% profit growth

Bandwidth Inc.

2023-FY EPS reported -$0.64 revenue$601,117,000

Q4 2023 revenue $165M, up 5% YoY; full-year revenue $601M, up 5% YoY.
Adjusted EBITDA Q4 $19M (11.5% margin), vs $8M; full-year $48M, vs $35M.
Record Free Cash Flow $19M in 2023, vs -$11M in 2022; operating cash flow $39M.
2024 guidance: expects 16% revenue growth and 50% profitability growth.
CEO David Morken severance amended: 300% salary/bonus on change-in-control termination; IPO bonus removed.

item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bandwidth Inc. reported financial results for the fourth quarter ended December 31, 2023.

Period: the fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 28, 2024, Bandwidth Inc. (the “Company”) issued a press release reporting its financial results for the fourth quarter ended December 31, 2023.

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Bandwidth Inc. filing history →

Source: SEC EDGAR

accession 0001514416-24-000020

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