earnings
confidence high
sentiment positive
materiality 0.80
Bandwidth reports record Q4 revenue of $210M, adjusted EBITDA $23M; repurchases $27.4M of convertible notes
Bandwidth Inc.
2024-FY EPS reported
-$0.24
revenue$748,487,000
- Q4 revenue $210M (+27% YoY), FY revenue $748M (+24% YoY), both records.
- Non-GAAP gross margin improved to 58% in Q4 (FY 57%) from 55% a year earlier.
- Adjusted EBITDA Q4 $23M, FY $82M (up 71% YoY); net loss narrowed to $2M from $11M.
- FY free cash flow record $59M (up from $19M); operating cash flow $84M.
- Repurchased $27.4M principal of 0.250% Convertible Notes due 2026 for $26.1M cash; $7.6M remains outstanding.