secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001514416-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441624000020/0001514416-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441624000020/band-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001514416-24-000020

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