Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2230 BANDMATE WAY RALEIGH NC 27607 |
Tel: | N/A |
Website: | www.bandwidth.com |
IR: | See website |
Key People | ||
David A. Morken Chairman of the Board, Chief Executive Officer, Co-Founder | Daryl E. Raiford Chief Financial Officer | Anthony F. Bartolo Chief Operating Officer |
Rebecca G. Bottorff Chief People Officer, Director | Kade Ross Chief Information Officer | R. Brandon Asbill General Counsel, Secretary |
Business Overview |
Bandwidth Inc. is a global cloud communications software company that helps enterprises deliver experiences through voice calling, text messaging and emergency services. The Company's solutions and its communications cloud cover more than 65 countries and have users in unified communications and cloud contact centers. It is a global communications platform-as-a-service (CPaaS) to offer a combination of composable application programming interfaces (APIs), owner-operated network and broad regulatory experience. Its Global Communications Plans serves the power platforms at the forefront of the communications transformation in unified communications as a service (UCaaS) and contact center as a service CCaaS, through a business-to-business-to-business (B2B2B) delivery model. Its Programmable Services comprises its text messaging solutions, through which it supports software as a service (SaaS) platform. The Company's Global Enterprises is a business-to-business channel. |
Financial Overview |
For the fiscal year ended 31 December 2023, Bandwidth Inc revenues increased 5% to $601.1M. Net loss totaled $16.3M vs. income of $19.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Net gain on extinguishment of debt decrease of 68% to $12.8M (income), Stock-based Compensation in R&D increase from $7.5M to $15.7M (expense). |
Employees: | 1,100 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $762.81M as of Dec 31, 2023 |
Annual revenue (TTM): | $601.12M as of Dec 31, 2023 |
EBITDA (TTM): | $7.06M as of Dec 31, 2023 |
Net annual income (TTM): | -$16.34M as of Dec 31, 2023 |
Free cash flow (TTM): | $19.10M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $265.05M as of Dec 31, 2023 |
Shares outstanding: | 26,978,704 as of Mar 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |