secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001514416-24-000171
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth Q3 revenue $194M (+28% YoY), adj. EBITDA $24M; raises FY guidance; revolver increased to $150M
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- Q3 revenue $194M, up 28% YoY; non-GAAP gross margin 58% vs 55% a year ago.
- Adjusted EBITDA $24M, up from $14M; free cash flow $14M.
- Raising full year 2024 guidance for revenue and profitability.
- Credit agreement amended: revolver increased from $100M to $150M, maturity extended to May 2029.
- New financial covenants: senior secured leverage ratio cap 2.75x (then 2.50x); fixed charge coverage min 2.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441624000171/0001514416-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441624000171/band-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001514416-24-000171

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