Bandwidth Inc (OQ:BAND)

Business Focus: Integrated Telecommunications Services

Sector:  Telecommunication Services Industry:  Integrated Telecommunications Services
See Regulatory Filings on SEC
Company Contact
Address: 900 Main Campus Dr
RALEIGH NC 27606-5177
Tel: N/A
IR: See website
Key People
David A Morken
CEO, Co-Founder
Jeff Hoffman
Chief Financial Officer
Chris Chuang
Chief Operating Officer
Business Overview
Bandwidth Inc., formerly, Inc., is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other. The Company's solutions include a broad range of software APIs for voice and text functionality and IP voice network. The Company's sophisticated and easy-to-use software APIs allow enterprises to enhance their products and services by incorporating advanced voice and text capabilities. The Company offers advanced monitoring, reporting and analytics, superior customer service, dedicated operating teams, and personalized support.
Financial Overview
For the three months ended 31 March 2019, Bandwidth Inc revenues increased 1% to $53.3M. Net income decreased 68% to $2M. Revenues reflect CpaaS segment increase of 16% to $45M, United States segment increase of 35% to $53.2M, International segment increase of 38% to $148K. Net income was offset by Research & Development - Balancing value increase of 98% to $7.3M (expense), Sales and Marketing - Balancing value increase of 80% to $8M (expense).
Employees: 611 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,533M as of Mar 31, 2019
Annual revenue (TTM): $204.42M as of Mar 31, 2019
EBITDA (TTM): -$1.11M as of Mar 31, 2019
Net annual income (TTM): $13.72M as of Mar 31, 2019
Free cash flow (TTM): -$10.52M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,000,457 as of Apr 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization