NASDAQ$BAND
Bandwidth Inc. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced financial results for the fourth quarter and full year, exceeding top and bottom-line guidance despite DDoS impact and focusing on global CPaaS market opportunity after successful Voxbone integration.
Bandwidth reported strong Q4 2021 financial results, exceeding both top and bottom-line guidance despite an approximate $10 million impact from DDoS attacks. The company's strategic achievements in 2021, including customer cloud enablement and strengthened global service capabilities, have positioned it as a leading global platform for cloud communications transformation.
- Total Revenue reached $126 million for Q4 2021.
- CPaaS Revenue was $101 million for Q4 2021.
- Bandwidth announced Duet for Genesys, expanding BYOC solutions.
- A game-changing CCaaS provider chose to expand with Bandwidth in the U.S. and Canada.
Headline financials
Revenue & EPS history
Bandwidth · Revenue · Quarterly
$126M
Forward guidance
Bandwidth provided guidance for Q1 2022 with total revenue between $125 million and $127 million and non-GAAP earnings per share between $(0.11) and $(0.07). Full year 2022 guidance includes total revenue between $547 million and $555 million and non-GAAP earnings per share between $0.03 and $0.09.
Tailwinds
- Following a successful completion of its Voxbone integration efforts, a strategic organization of its go-to-market, operating and development functions in first quarter 2022
- Bandwidth has aligned its operating segment during first quarter 2022 to focus exclusively on its global CPaaS market opportunity.
- Bandwidth adopted ASU 2020-06 on January 1, 2022 using modified retrospective method
- Bandwidth accounted for our convertible notes due 2026 and 2028 on a whole-instrument basis.
- Upon adoption, diluted EPS is calculated using the "If-Converted Method" which results in an increase in weighted average diluted shares count of 4.8 million shares.
Headwinds
- Bandwidth’s outlook assumes current business conditions, current foreign currency exchange rates including the effect of weakened US dollar rates, divestitures and an estimated impact of $16 million - $24 million in 2022 arising from the previously disclosed 2021 DDoS attacks.
- Bandwidth has not reconciled its first 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.
- A reconciliation is not available without unreasonable effort.
- DDoS event continues to affect some customer demand
- Bandwidth assumes weakened US dollar 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 Q4 2021
+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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