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Dec 31, 2020
Bandwidth Q4 2020 Earnings Report
Reported strong results with significant revenue growth and a return to positive Non-GAAP net income.
Key Takeaways
Bandwidth reported strong Q4 2020 financial results, with total revenue up 82% year-over-year to $113.0 million and CPaaS revenue up 84% year-over-year to $98.1 million. The company's dollar-based net retention rate was 133%. Net loss for the quarter was $(19.9) million, or $(0.81) per share, while Non-GAAP net income was $3.5 million, or $0.13 per share.
Total revenue for the fourth quarter of 2020 was $113.0 million, up 82% year-over-year.
CPaaS revenue was $98.1 million, up 84% year-over-year.
Dollar-based net retention rate was 133% during the fourth quarter of 2020.
Non-GAAP net income for the fourth quarter of 2020 was $3.5 million, or $0.13 per share.
Forward Guidance
Bandwidth provided guidance for its first quarter and full year 2021, assuming current business conditions and foreign currency exchange rates, and including the impact of the Voxbone acquisition.
Positive Outlook
- CPaaS revenue is expected to be in the range of $96.6 million to $97.6 million for Q1 2021.
- Total revenue is expected to be in the range of $108.0 million to $109.0 million for Q1 2021.
- Non-GAAP earnings per share is expected to be in the range of $0.00 to $0.02 per share for Q1 2021.
- CPaaS revenue is expected to be in the range of $413.3 million to $417.3 million for FY 2021.
- Total revenue is expected to be in the range of $460.4 million to $464.4 million for FY 2021.
Challenges Ahead
- Stock-based compensation cannot be reasonably calculated or predicted at this time.
- Reconciliation is not available without unreasonable effort.
- Guidance assumes current business conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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