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Bandwidth Inc. (NASDAQ: BAND) is a leading global communications software company focused on transforming the way people communicate. Unlike traditional telecom providers, Bandwidth leverages its cloud-based Communications Platform-as-a-Service (CPaaS) to enable enterprises to create, scale, and operate voice and messaging services across any application or device. The company is well-known for powering communications technologies used by giants like Google, Skype, and RingCentral.
Bandwidth's core business revolves around offering robust API solutions that facilitate a variety of communication services including voice calls, text messaging, and emergency services. Their revolutionary platform, Bandwidth Maestro™, provides a next-generation enterprise cloud communications environment designed to integrate real-time voice apps across unified communications, cloud contact centers, and AI platforms. This is achieved through their composable APIs, owner-operated network, and extensive regulatory experience
In recent news, Bandwidth announced financial results for Q3 2023, exceeding both revenue and profitability guidance. The company posted a revenue of $146 million and Adjusted EBITDA of $11 million for Q2 2023, followed by strong performance in Q3. Bandwidth also launched AIBridge, a solution developed in partnership with Google and Cognigy, which allows enterprises to deploy voice-based AI tools to enhance contact center operations.
Financially, Bandwidth is in a solid position. The company has shown a consistent pattern of profitable growth, with a notable increase in commercial messaging and enterprise businesses. They also managed to enhance their capital structure by upsizing their revolving credit facility to $100 million and repurchasing $140 million of their 2026 convertible notes at a discount.
Bandwidth's customer base spans over 65 countries and covers over 90% of global GDP. The company's award-winning support teams are renowned for helping businesses solve complex communication problems, ensuring that Bandwidth remains at the forefront of the cloud communications industry.
Looking forward, Bandwidth has set ambitious goals for 2024, including double-digit revenue growth and a significant increase in profitability. Their continuous focus on innovation and customer success positions them well to achieve their medium-term goals laid out at their Investor Day event.
Bandwidth Inc. (NASDAQ: BAND) has released its 2025 State of Messaging Report, highlighting key trends in enterprise messaging. The report reveals that RCS (Rich Communication Services) will drive the next evolution of business messaging, with 66% of businesses planning to increase messaging use once RCS is widely available.
Key findings include: verified sending is important for building consumer trust amid rising phishing concerns; messaging rules are increasing costs for 25% of businesses; and deliverability is the top factor when choosing a messaging provider for 60% of businesses.
To address these challenges, Bandwidth has invested in new tools including Advanced Number Intelligence, Real-time Traffic Monitoring, and a Message Registration Center to help enterprises maintain high deliverability and comply with carrier requirements.
Bandwidth (NASDAQ: BAND) reported strong financial performance for Q4 and full year 2024, achieving record revenue and profitability. The company delivered 25% revenue growth and generated $84 million in net operating cash flow for 2024. Notable customer wins included a Fortune 25 healthcare company and a global cruise line selecting Bandwidth for cloud contact center services.
The company's success was driven by enterprise adoption, AI-driven product innovation, and disciplined execution. Bandwidth was named a Leader for the fourth consecutive time in the IDC MarketScape: Worldwide CPaaS 2025 Vendor Assessment. Looking ahead to 2025, the company projects 8-11% year-over-year revenue growth, adjusted for expected reduction in political campaign messaging activity, which contributed approximately $62 million in 2024.
Bandwidth (NASDAQ: BAND) has been named a Leader in the IDC MarketScape: Worldwide Communications Platform as a Service (CPaaS) 2025 Vendor Assessment for the fourth consecutive time. IDC's Research Vice President highlighted Bandwidth's reliability, carrier-grade global voice and messaging platform, automated deployment experience, and customer support as key strengths.
The assessment evaluated leading CPaaS providers based on portfolio diversity, revenue size and growth, and platform capabilities for developers, ISVs, and corporations. The study focused on platforms' ability to enable rapid development of scalable real-time communications services through API-based voice and messaging solutions.
Bandwidth's CEO David Morken emphasized the company's focus on customer needs, R&D roadmap strength, and execution capabilities as factors positioning them as a trusted provider in global enterprise cloud communications.
Bandwidth Inc. (NASDAQ: BAND), a global enterprise cloud communications company, has announced it will release its fourth quarter and full year 2024 financial results before market open on Thursday, February 20, 2025.
The company will host a conference call at 8:00 a.m. Eastern Time on the same day, accompanied by a live webcast available on the Investor Relations section of Bandwidth's website. A replay of the call will be accessible through February 27, 2025, via both the website and dedicated dial-in numbers.
Bandwidth (NASDAQ: BAND) has appointed Devesh Agarwal as permanent Chief Operating Officer, effective January 1, 2025. Agarwal, who served as interim COO since July 2024, previously joined the company in July 2022 as Chief Software Strategy Officer. In his prior role, he led the development of Bandwidth's global Universal Platform and the award-winning Bandwidth Maestro™ platform.
Agarwal brings significant experience in sales, go-to-market strategy, customer co-creation, and P&L leadership from large organizations including Oracle. He holds 25 patents and will be responsible for executing Bandwidth's strategy, engaging with global customers, leading innovation, achieving operational excellence, and enhancing company culture.
Bandwidth (BAND) reported strong Q3 2024 results, exceeding guidance with record revenue of $194 million, up 28% year-over-year. The company achieved an Adjusted EBITDA of $24 million, representing a 74% increase. Non-GAAP Gross Margin improved to 58% from 55% in Q3 2023. Free Cash Flow was $14 million. Based on these results, Bandwidth raised its full-year 2024 guidance, projecting revenue between $737-747 million and Adjusted EBITDA of $78-80 million. The company also introduced its next-generation Universal Platform and expanded its bring-your-own-carrier integrations ecosystem.
Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, has announced it will report its financial results for the third quarter ended September 30, 2024 before market open on Thursday, October 31, 2024. The company will host a live video webinar at 8:00 a.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can access the webinar through the Investor Relations section of Bandwidth's website at https://investors.bandwidth.com. A replay of the webinar will also be available on the same page shortly after the event concludes.
Bandwidth Inc. (NASDAQ: BAND) announced the largest bring-your-own-carrier (BYOC) ecosystem in the world at its Reverb24 global livestream. This expansion gives enterprises more flexibility in solving complex communications challenges. The BYOC program, integrated with Bandwidth's Maestro platform, allows companies to unbundle telephony components from SaaS platforms, offering increased functionality, quality, and cost savings.
Key integrations include Amazon Web Services, Google Cloud, Microsoft Teams, Zoom, and Cisco Webex. Bandwidth's ecosystem enables enterprises to replace legacy telecom carriers and on-premises equipment, simplifying cloud-to-cloud migrations. The company plans to add more partnerships, including Kore.AI and Omilia, to further enhance its AI-driven communication solutions.
Bandwidth Inc. (NASDAQ: BAND) is set to livestream the launch of its next-generation Universal Platform at the Reverb24 event on September 12, 2024, at 10:30 am EDT. The global enterprise cloud communications company will showcase new technologies, capabilities, and partnerships aimed at helping enterprises deliver seamless global experiences. Key highlights include:
- Upgraded global network services for easier market expansion
- New API-driven workflow automation
- Innovative use cases from customers and partners
- New business text messaging campaign management
- Streamlined Bandwidth Dashboard capabilities
- Future of Number Reputation Management
- Advancements in Rich Communication Services (RCS) and Rich Business Messaging (RBM)
Registration for the worldwide event is still open, with replay and content highlights available afterward.
Bandwidth Inc. (NASDAQ: BAND) has announced Reverb24, a free worldwide livestream event on September 12, 2024, at 10:30 am EDT. The event will showcase the launch of Bandwidth's next-generation Universal Platform and new technologies for enterprises to deliver seamless global experiences.
Key highlights of Reverb24 include:
- New features and upgraded capabilities for the Universal Platform
- New ways to automate workflows via APIs and pre-built integrations
- Innovative use cases from Bandwidth customers and partners
- A new system for managing business text messaging campaigns
- Streamlined capabilities within the Bandwidth Dashboard
- The future of Number Reputation Management, RCS, and RBM
Registration is now open for enterprise IT leaders, technical supervisors, SaaS product managers, and app developers.
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