NASDAQ$BAND

Bandwidth Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Quarterly revenue and non-GAAP EPS exceeded high-end of guidance ranges and raised full year 2022 outlook for revenue and non-GAAP EPS.

Bandwidth announced financial results for the third quarter ended September 30, 2022. The company exceeded its guidance ranges for the third quarter and raised its full-year outlook on both revenue and non-GAAP EPS.

  • Launched Send-To, a new messaging app for Microsoft Teams.
  • Launched Call AssureTM, a comprehensive disaster recovery solution for toll-free calls.
  • America’s leading security, fire and alarm monitoring provider switched to Bandwidth to safeguard mission-critical services.
  • Five9 expanded its relationship with Bandwidth to manage hundreds of thousands of telephone numbers and associated features on our platform.

Headline financials

Total Revenue

$148M

Previous: $131M+13.5%
EPS (adj)

$0.27

Previous: $0.25+8.0%
Capital Expenditures

-$33.2M

Previous: -$42.6M+22.0%
Free Cash Flow

-$34M

Previous: -$49.5M+31.3%
Net Income

-$802K

Previous: -$6.94M+88.5%
Operating Income

-$1.39M

Previous: $938K-247.9%
Gross Profit

$63.5M

Previous: $58.2M+9.0%
Cash & Equivalents

$166M

Previous: $322M-48.3%
Total Assets

$1.01B

Previous: $1.1B-8.4%
Stock-Based Comp

$4.89M

Previous: $3.83M+27.9%

Revenue & EPS history

Bandwidth · Revenue · Quarterly

$148M

Q3 2022+13.5%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Bandwidth is providing guidance for its fourth quarter and full year 2022, assuming a continuation of current business conditions and current foreign currency exchange rates.

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 Q3 2022

Historical avgQ3 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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