NASDAQ$BAND

Bandwidth Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Bandwidth's Q4 2019 financial results were announced, showing revenue growth and an increase in CPaaS customers.

Bandwidth reported a strong Q4 2019 with total revenue of $62.0 million, up 18% year-over-year, and CPaaS revenue of $53.4 million, up 21% year-over-year. The company's active CPaaS customers increased by 40% year-over-year, reaching 1,728. The dollar-based net retention rate was 113% during the quarter.

  • Total revenue for Q4 2019 was $62.0 million, an 18% increase compared to Q4 2018.
  • CPaaS revenue for Q4 2019 reached $53.4 million, a 21% increase compared to Q4 2018.
  • Active CPaaS customers totaled 1,728, a 40% increase year-over-year.
  • The dollar-based net retention rate was 113% for Q4 2019.

Headline financials

Total Revenue

$62M

Previous: $52.3M+18.5%
EPS (adj)

-$0.02

Previous: -$0.04+50.0%
Capital Expenditures

$9.13M

Previous: $7.5M+21.7%
Free Cash Flow

-$6.9M

Previous: -$6.87M-0.5%
Net Income

-$1.96M

Previous: -$1.29M-51.6%
Operating Income

-$3.46M

Previous: -$3.27M-5.8%
Gross Profit

$29M

Previous: $23.6M+23.0%
Cash & Equivalents

$185M

Previous: $41.3M+348.4%
Total Assets

$341M

Previous: $150M+127.0%
Stock-Based Comp

$1.67M

Previous: $1.32M+26.0%

Revenue & EPS history

Bandwidth · Revenue · Quarterly

$62M

Q4 2019+18.5%vs Q4 2018
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

Bandwidth provided guidance for Q1 2020 and full year 2020.

Tailwinds

  • CPaaS revenue is expected to be in the range of $55.2 million to $55.7 million for Q1 2020.
  • Total revenue is expected to be in the range of $63.2 million to $63.7 million for Q1 2020.
  • CPaaS revenue is expected to be in the range of $242.2 million to $244.2 million for the full year 2020.
  • Total revenue is expected to be in the range of $272.7 million to $274.7 million for the full year 2020.

Headwinds

  • Non-GAAP loss per share is expected to be in the range of ($0.10) to ($0.12) per share for Q1 2020.
  • Non-GAAP loss per share is expected to be in the range of approximately ($0.17) to ($0.27) per share for the full year 2020.

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 Q4 2019

Historical avgQ4 2019

+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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