NASDAQ$BAND
Bandwidth Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Announced first quarter 2020 financial results, demonstrating revenue growth and increased customer base.
Bandwidth reported a 29% year-over-year increase in total revenue, reaching $68.5 million for the first quarter of 2020. CPaaS revenue grew by 31% year-over-year to $59.1 million, and the company's active CPaaS customer base increased by 34% to 1,808. The dollar-based net retention rate was 126%.
- Total first quarter revenue reached $68.5 million, a 29% increase year-over-year.
- CPaaS revenue for the first quarter was $59.1 million, up 31% year-over-year.
- The number of active CPaaS customers totaled 1,808, representing a 34% increase year-over-year.
- Dollar-based net retention rate was 126% for the first quarter.
Headline financials
Revenue & EPS history
Bandwidth · Revenue · Quarterly
$68.5M
Forward guidance
Bandwidth provided guidance for the second quarter and full year 2020.
Tailwinds
- Second Quarter 2020 Guidance: CPaaS revenue is expected to be in the range of $61.5 million to $62.0 million.
- Second Quarter 2020 Guidance: Total revenue is expected to be in the range of $70.2 million to $70.7 million.
- Second Quarter 2020 Guidance: Non-GAAP earnings per share is expected to be in the range of a loss of ($0.01) to earnings of $0.01 per share, using 23.8 million weighted average shares outstanding or 24.6 million weighted average diluted shares outstanding, respectively.
- Full Year 2020 Guidance: CPaaS revenue is expected to be in the range of $246.8 million to $248.3 million.
- Full Year 2020 Guidance: Total revenue is expected to be in the range of $281.6 million to $283.1 million.
Headwinds
- Second Quarter 2020 Guidance: Non-GAAP earnings per share is expected to be in the range of a loss of ($0.01).
- Full Year 2020 Guidance: Non-GAAP earnings per share is expected to be in the range of a loss of ($0.03).
- Bandwidth has not reconciled its second quarter and full-year guidance related to non-GAAP net earnings or loss to GAAP net earnings or loss and non-GAAP earnings or loss per share to GAAP earnings or loss, because stock-based compensation cannot be reasonably calculated or predicted at this time.
- New risks emerge from time to time.
- It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+2.6%
Avg return
Earnings day
+4.2%
Avg return
5 days after
+8.9%
Avg return
30 days after
51%
19 / 37 earnings
Positive
+69.1%
Q4 2023
Best reaction
-37.8%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | +95.6% | +168.5% | |
| Q4 2025 | +11.7% | +6.2% | +19.0% | |
| Q3 2025 | -3.9% | -13.7% | -15.1% | |
| Q1 2025 | +12.1% | +17.1% | +21.7% | |
| Q4 2024 | -4.4% | -8.3% | -17.4% | |
| Q3 2024 | -0.7% | +3.8% | +11.6% | |
| Q2 2024 | -33.3% | -30.8% | -24.8% | |
| Q1 2024 | +3.1% | +5.4% | +2.3% | |
| Q4 2023 | +69.1% | +58.4% | +50.3% | |
| Q3 2023 | +20.9% | +22.4% | +12.0% | |
| Q2 2023 | +5.6% | +1.9% | -3.6% | |
| Q1 2023 | -3.8% | -5.7% | -1.1% | |
| Q4 2022 | -35.6% | -33.3% | -39.7% | |
| Q3 2022 | +46.8% | +44.8% | +91.4% | |
| Q2 2022 | -0.7% | -6.2% | -20.5% | |
| Q1 2022 | +16.2% | -8.6% | -9.2% | |
| Q4 2021 | -37.8% | -39.8% | -40.2% | |
| Q3 2021 | +1.0% | -5.5% | -12.0% | |
| Q2 2021 | -5.8% | -8.5% | -16.2% | |
| Q1 2021 | +0.6% | -3.5% | -5.4% | |
| Q4 2020 | -7.1% | -13.1% | -32.6% | |
| Q3 2020 | -4.3% | -6.1% | -10.4% | |
| Q2 2020 | -1.6% | +4.2% | +4.4% | |
| Q1 2020 | +13.5% | +24.0% | +41.0% | |
| Q4 2019 | +0.9% | -9.6% | -15.7% | |
| Q3 2019 | -13.7% | -8.8% | -2.5% | |
| Q2 2019 | +1.3% | +0.1% | +11.7% | |
| Q1 2019 | -7.6% | -4.1% | -3.6% | |
| Q4 2018 | -0.3% | +7.7% | +42.3% | |
| Q3 2018 | +9.2% | +9.7% | -8.6% | |
| Q2 2018 | +12.3% | +11.4% | +28.8% | |
| Q1 2018 | +9.2% | +10.1% | +22.7% | |
| Q4 2015 | +2.4% | +0.7% | +19.7% | |
| Q4 2017 | +12.9% | +15.1% | +33.5% | |
| Q3 2016 | -0.3% | +5.0% | +6.8% | |
| Q4 2016 | -0.3% | +5.0% | +6.8% | |
| Q3 2017 | +9.2% | +12.9% | +13.6% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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