Loading...
•
Jun 30, 2020
Bandwidth Q2 2020 Earnings Report
Reported a revenue increase of 35% year-over-year, driven by a 40% increase in CPaaS revenue and a 30% increase in active CPaaS customers.
Key Takeaways
Bandwidth Inc. announced strong Q2 2020 financial results, with total revenue reaching $76.8 million, a 35% increase year-over-year. CPaaS revenue grew by 40% to $67.1 million, and the company's active CPaaS customer base increased by 30% to 1,900. Bandwidth raised its full-year guidance to reflect its strong performance and expectations for the remainder of the year.
Total revenue for Q2 2020 was $76.8 million, up 35% year-over-year.
CPaaS revenue for Q2 2020 was $67.1 million, up 40% year-over-year.
Active CPaaS customers reached 1,900, a 30% increase year-over-year.
Dollar-based net retention rate was 133% for Q2 2020, compared to 113% in Q2 2019.
Forward Guidance
Bandwidth is providing guidance for its third quarter and full year 2020.
Positive Outlook
- Third Quarter 2020 CPaaS revenue is expected to be in the range of $67.1 million to $67.6 million.
- Third Quarter 2020 Total revenue is expected to be in the range of $76.0 million to $76.5 million.
- Full Year 2020 CPaaS revenue is expected to be in the range of $260.3 million to $261.8 million.
- Full Year 2020 Total revenue is expected to be in the range of $296.8 million to $298.3 million.
Challenges Ahead
- Third Quarter 2020 Non-GAAP earnings per share is expected to be a loss in the range of $(0.03) to $(0.01) per share, using 24.2 million weighted average shares outstanding.
- Full Year 2020 Non-GAAP earnings per share is expected to be in the range of $0.05 to $0.11 per share, using 25.5 million weighted average diluted shares outstanding.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...