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Dec 31, 2019
Bandwidth Q4 2019 Earnings Report
Bandwidth's Q4 2019 financial results were announced, showing revenue growth and an increase in CPaaS customers.
Key Takeaways
Bandwidth reported a strong Q4 2019 with total revenue of $62.0 million, up 18% year-over-year, and CPaaS revenue of $53.4 million, up 21% year-over-year. The company's active CPaaS customers increased by 40% year-over-year, reaching 1,728. The dollar-based net retention rate was 113% during the quarter.
Total revenue for Q4 2019 was $62.0 million, an 18% increase compared to Q4 2018.
CPaaS revenue for Q4 2019 reached $53.4 million, a 21% increase compared to Q4 2018.
Active CPaaS customers totaled 1,728, a 40% increase year-over-year.
The dollar-based net retention rate was 113% for Q4 2019.
Forward Guidance
Bandwidth provided guidance for Q1 2020 and full year 2020.
Positive Outlook
- CPaaS revenue is expected to be in the range of $55.2 million to $55.7 million for Q1 2020.
- Total revenue is expected to be in the range of $63.2 million to $63.7 million for Q1 2020.
- CPaaS revenue is expected to be in the range of $242.2 million to $244.2 million for the full year 2020.
- Total revenue is expected to be in the range of $272.7 million to $274.7 million for the full year 2020.
Challenges Ahead
- Non-GAAP loss per share is expected to be in the range of ($0.10) to ($0.12) per share for Q1 2020.
- Non-GAAP loss per share is expected to be in the range of approximately ($0.17) to ($0.27) per share for the full year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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