BAND Q1 2023 Earnings — Bandwidth Inc. Revenue & Financial Results | Market Cap Arena

BANDBandwidth Inc.

$496M

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$138M+4.9% YoY

Gross Profit

$56M40.4% margin

Operating Income

-$12M-8.5% margin

Net Income

$4M2.6% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

-12.2%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$11M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$861M

Total Liabilities

$572M

Stockholders' Equity

$289M

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$131M	+4.9%
Gross Profit	$56M	$55M	+0.4%
Operating Income	-$12M	-$7M	-71.1%
Net Income	$4M	-$7M	+153.0%

Geographic Segments

North America

$116M84%

Non North America

$22M16%