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Jun 30, 2022
Bandwidth Q2 2022 Earnings Report
Financial results for the second quarter ended June 30, 2022, exceeding guidance.
Key Takeaways
Bandwidth's Q2 2022 financial results exceeded expectations, with strong performance in both revenue and profitability. The company reported total revenue of $136.489 million and a net loss of $6.248 million.
Bandwidth's Q2 results exceeded expectations on both the top and bottom line.
Customer wins demonstrate execution and focus on serving enterprise customers.
Bandwidth provides mission-critical cloud communications that reduce costs for large enterprises.
Bandwidth achieved global accreditation with its ISO 27001:2013 certification.
Forward Guidance
Bandwidth is providing guidance for its third quarter and full year 2022. Q3 2022 Guidance Total Revenue (millions)$140 - $142 Non-GAAP earnings per share (1)$0.02 - $0.04 Full Year 2022 Guidance Total Revenue (millions)$551 - $557 Non-GAAP earnings per share (1)$0.10 - $0.14
Positive Outlook
- Total Revenue (millions) Q3 2022 Guidance: $140 - $142
- Non-GAAP earnings per share Q3 2022 Guidance: $0.02 - $0.04
- Total Revenue (millions) Full Year 2022 Guidance: $551 - $557
- Non-GAAP earnings per share Full Year 2022 Guidance: $0.10 - $0.14
Challenges Ahead
- Outlook assumes a continuation of current business conditions
- Outlook assumes current foreign currency exchange rates
- Includes the impact of recent divestitures
- Includes an estimated impact of $16 million - $24 million in 2022 arising from the previously disclosed DDoS attacks in 2021
Historical Earnings Impact
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Avg. Return Before/After Earnings
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