MARKET COMPOSITE
BAND - Bandwidth Inc7:48:24 PM 4/19/2024
Price
$17.15
-0.40 (-2.28%)
Bandwidth is a Communications Platform as a Service company. They sell software application programming interfaces for voice and messaging, using their own IP voice network. Bandwidth was formed in 1999 by David Morken who was later joined by Henry Kaestner as co-founder in 2001, merging Bandwidth International into Bandwidth.com. Bandwidth moved to Centennial Campus of North Carolina State University in Raleigh, North Carolina in 2012. As of December 31, 2018, Bandwidth maintains a workforce of 700+ employees. Bandwidth reported Q1 2019 revenue of $53.3 million.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue165.4MM+9%
Gross Profit62MM+4%
Cost Of Revenue103.3MM+12%
Operating Income-10MM+63%
Operating Expenses72.1MM+10%
Net Income-10.9MM-
R&D28.9MM+17%
G&A16.9MM+7%
Marketing26.3MM+5%
Amortization4.3MM-1%
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