NASDAQ$BAND

Bandwidth Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced solid Q4 2022 financial results, exceeding both top and bottom line guidance, driven by customer demand and strong campaign messaging.

Bandwidth's Q4 2022 results surpassed both top and bottom line guidance, driven by customer demand for their communications cloud. Revenue further benefited by $23 million from strong campaign messaging demand. The company expects revenue growth to be constrained in the current macroeconomic environment and also impacted by campaign messaging cyclicality.

  • Q4 revenue exceeded guidance by $10 million.
  • Full year revenue exceeded guidance by $10 million.
  • Guiding to 30% increase in Adjusted EBITDA for full year 2023.
  • Enterprises can upgrade their brand experience and streamline digital transformation by migrating to the cloud.

Headline financials

Total Revenue

$157M

Previous: $126M+24.5%
EPS (adj)

$0.19

Previous: $0.09+111.1%
Net Income

$33.4M

Previous: -$8.17M+509.0%
Operating Income

-$7.02M

Previous: -$4.07M-72.3%
Gross Profit

$64.1M

Previous: $53.5M+19.7%
Cash & Equivalents

$114M

Previous: $331M-65.7%
Total Assets

$929M

Previous: $1.07B-12.8%
Stock-Based Comp

$5.6M

Previous: $2.95M+90.0%

Revenue & EPS history

Bandwidth · Revenue · Quarterly

$157M

Q4 2022+24.5%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Bandwidth is providing guidance for its first quarter and full year 2023.

Tailwinds

  • Total Revenue (millions): $132 - $134 (Q1 2023 Guidance)
  • Total Revenue (millions): $576 - $584 (Full Year 2023 Guidance)
  • Adjusted EBITDA (millions): $4 - $6 (Q1 2023 Guidance)
  • Adjusted EBITDA (millions): $43 - $47 (Full Year 2023 Guidance)

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 2022

Historical avgQ4 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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