Company name:

Bandwidth Inc

  • IPO SHARE PRICE:
    $20.00
  • IPO DATE:
    November 10, 2017
  • TICKER:
    BAND
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    900 Main Campus Drive Raleigh NC 27606
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Bandwidth Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
86.9% —

CPaaS revenue

13.1% —

Other revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
CPaaS revenue
45,679
45,679
 131,572 164,415 197,944 298,090 298,090 -
Other revenue
$45,679
$45,679
 31,383 39,698 34,650 45,023 45,023 -
Total Revenue
$45,679
$45,679
 $162,955 $204,113 $232,594 $343,113 $343,113 $452,188
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
103.9%
46.8% —

CPaaS cost of revenue

25.9% —

General and administrative

12.3% —

Research and development

11.8% —

Sales and marketing

7.2% —

Other cost of revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
CPaaS cost of revenue
45,679
45,679
 75,859 94,296 110,343 160,706 160,706 -
Other cost of revenue
45,679
45,679
 13,403 13,849 14,616 24,546 24,546 -
Total cost of revenue
45,679
45,679
 $89,262 $108,145 $124,959 $185,252 $185,252 $245,428
Gross profit
45,679
45,679
 73,693 95,968 107,635 157,861 157,861 206,760
Sales and marketing
45,679
45,679
 11,218 20,731 35,020 40,552 40,552 53,916
Research and development
45,679
45,679
 10,789 20,897 31,461 42,059 42,059 50,972
General and administrative
45,679
45,679
 37,069 47,588 58,847 88,755 88,755 150,740
Total operating expenses
45,679
45,679
 $59,076 $89,216 $125,328 $171,366 $171,366 $255,628
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
3.9%
3.9% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 $14,617 $6,752 ($17,693) ($13,505) ($13,505) ($48,868)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.5%
0.5% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
-
 - - 23 (1,795) (1,795) 28,740
Total non-operating income (expense)
45,679
45,679
 - - 23 (1,795) (1,795) 28,740
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
4.5%
4.5% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 $14,617 $6,752 ($17,670) ($15,300) ($15,300) ($20,128)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
8.4%
4.0% —

Interest expense and income

4.4% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense and income
-
-
 (1,728) 301 2,446 (13,672) (13,672) (54,688)
Interest expense
45,679
45,679
 - - - - - -
Total other expense or income
45,679
45,679
 (1,728) 301 2,469 (15,467) (15,467) (61,868)
Income before income taxes
-
-
 12,889 7,053 (15,224) (28,972) (28,972) (74,816)
Income (loss) from continuing operations before income taxes Income (loss) from continuing operations before income taxes
45,679
45,679
 12,889 7,053 - - - -
Income tax expense or benefit
45,679
45,679
 (6,918) 10,870 17,718 (15,005) (15,005) (4,888)
Income from continuing operations
45,679
45,679
 5,971 17,923 - - - -
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
12.8%
12.8% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 $5,971 $17,923 $2,494 ($43,977) ($43,977) ($79,704)
Unrealized gain (loss) on marketable securities
-
45,679
 - (1) - - - -
Total comprehensive income (loss)
45,679
45,679
 5,971 17,922 - - - -
Income from continuing operations
45,679
45,679
 5,971 17,923 - - - -
Net income attributable to participating securities
45,679
45,679
 644 - - - - -
Income from continuing operations attributable to common stock Income from continuing operations attributable to common stock
45,679
45,679
 5,327 17,923 - - - -
Net income (loss) attributable to common stock
-
-
 5,327 17,923 2,494 - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
 4,197,831 13,287,851 18,610,208 22,664,030 22,664,030 22,664,030
Class B
-
-
 13,441,976 6,510,731 4,927,401 2,334,058 2,334,058 2,334,058
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share from continuing operations
$45,678,795.00
$45,678,795.00
 $0.42 $0.96 - - - -
Net Income per diluted share
$45,678,795.00
$45,678,795.00
 $0.37 $0.85 $0.10 ($1.83) ($1.83) ($3.28)
Net Income per basic share
-
-
 $0.42 $0.96 $0.11 ($1.83) ($1.83) ($3.28)