NASDAQ$BAND

Bandwidth Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 financial results with revenue up 16% year-over-year.

Bandwidth reported a revenue of $131 million for Q1 2022, a 16% increase year-over-year. The company's non-GAAP EPS exceeded guidance, driven by demand for digital engagement and strong contributions from monthly recurring charges. For the full year 2022, Bandwidth is raising its outlook for both revenue and non-GAAP EPS.

  • First quarter revenue reached $131 million, reflecting a 16% increase year-over-year.
  • Dollar-based net retention rate was 114%.
  • Messaging grew 35% year-over-year.
  • The company is raising its full year 2022 outlook for both revenue and non-GAAP EPS.

Headline financials

Total Revenue

$131M

Previous: $113M+15.8%
EPS (adj)

$0.09

Previous: $0.30-70.0%
Capital Expenditures

-$5.27M

Previous: -$6.78M+22.3%
Free Cash Flow

-$12.1M

Previous: -$12.1M+0.1%
Net Income

-$6.81M

Previous: -$5.32M-28.2%
Operating Income

-$6.87M

Previous: -$37K-18467.6%
Gross Profit

$55.4M

Previous: $52.2M+6.3%
Cash & Equivalents

$316M

Previous: $320M-1.2%
Total Assets

$1.05B

Previous: $1.07B-1.5%
Stock-Based Comp

$5.35M

Previous: $4.39M+21.8%

Revenue & EPS history

Bandwidth · Revenue · Quarterly

$131M

Q1 2022+15.8%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Bandwidth is providing guidance for its second quarter and full year 2022.

Tailwinds

  • Total Revenue (millions): $132.5 - $134.5 (Q2 2022)
  • Total Revenue (millions): $551 - $557 (Full Year 2022)
  • Non-GAAP earnings per share: ($0.09) - ($0.05) (Q2 2022)
  • Non-GAAP earnings per share: $0.10 - $0.14 (Full Year 2022)

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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