Bandwidth Inc. - Understand $band stock

$BAND Market Cap: $571.4 Million

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Financial Snapshot

Revenue

$703.9M

TTM

Gross Margin

37.72%

TTM

Net Earnings

-$15.70M

TTM

Current Assets

$198.7M

Q3 2024

Current Liabilities

$153.7M

Q3 2024

Current Ratio

129.29%

Q3 2024

Total Assets

$1.030B

Q3 2024

Total Liabilities

$693.2M

Q3 2024

Book Value

$336.6M

Q3 2024

Cash

$74.94M

Q3 2024

P/E

-36.40

Nov 29, 2024 EST

Free Cash Flow

$41.20M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$601.1M	$573.2M	$490.9M	$343.1M	$232.6M	$204.1M	$163.0M	$152.1M	$137.8M
YoY Change	4.88%	16.75%	43.07%	47.52%	13.95%	25.26%	7.11%	10.4%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$601.1M	$573.2M	$490.9M	$343.1M	$232.6M	$204.1M	$163.0M	$152.1M	$137.8M
Cost Of Revenue	$365.0M	$334.8M	$272.4M	$185.3M	$125.0M	$108.1M	$89.26M	$85.22M	$79.24M
Gross Profit	$236.2M	$238.4M	$218.5M	$157.9M	$107.6M	$95.97M	$73.69M	$66.92M	$58.56M
Gross Profit Margin	39.29%	41.59%	44.51%	46.01%	46.28%	47.02%	45.22%	43.99%	42.5%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$167.4M	$164.7M	$165.6M	$129.3M	$93.87M	$68.32M	$48.29M	$43.15M	$43.22M
YoY Change	1.66%	-0.54%	28.06%	37.76%	37.4%	41.49%	11.9%	-0.16%
% of Gross Profit	70.9%	69.09%	75.78%	81.91%	87.21%	71.19%	65.52%	64.49%	73.81%
Research & Development	$104.2M	$97.99M	$55.17M	$42.06M	$31.46M	$20.90M	$10.79M	$8.520M	$7.375M
YoY Change	6.33%	77.6%	31.18%	33.69%	50.55%	93.69%	26.63%	15.53%
% of Gross Profit	44.12%	41.11%	25.25%	26.64%	29.23%	21.77%	14.64%	12.73%	12.59%
Depreciation & Amortization	$24.44M	$18.42M	$17.52M	$13.14M	$9.018M	$5.270M	$4.873M	$5.251M	$6.167M
YoY Change	32.71%	5.11%	33.39%	45.68%	71.12%	8.15%	-7.2%	-14.85%
% of Gross Profit	10.35%	7.73%	8.02%	8.32%	8.38%	5.49%	6.61%	7.85%	10.53%
Operating Expenses	$271.6M	$262.7M	$220.8M	$171.4M	$125.3M	$89.22M	$59.08M	$51.67M	$50.60M
YoY Change	3.4%	18.99%	28.82%	36.73%	40.48%	51.02%	14.33%	2.13%
Operating Profit	-$35.46M	-$24.32M	-$2.237M	-$13.51M	-$17.69M	$6.752M	$14.62M	$15.24M	$7.962M
YoY Change	45.77%	987.35%	-83.44%	-23.67%	-362.04%	-53.81%	-4.11%	91.46%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$808.0K	-$3.048M	-$28.78M	-$13.67M	$2.446M	$301.0K	-$1.728M	-$908.0K	-$600.0K
YoY Change	-73.49%	-89.41%	110.53%	-658.95%	712.62%	-117.42%	90.31%	51.33%
% of Operating Profit						4.46%	-11.82%	-5.96%	-7.54%
Other Income/Expense, Net	$16.15M	$41.63M	-$28.96M	-$15.47M	$2.469M	$301.0K	$1.728M	$908.0K	$589.0K
YoY Change	-61.2%	-243.76%	87.22%	-726.45%	720.27%	-82.58%	90.31%	54.16%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$759.0K	$30.59M	-$27.55M	-$25.75M	-$15.23M	$7.053M	$12.89M	$14.34M	$7.373M
YoY Change	-97.52%	-211.06%	7.0%	69.05%	-315.92%	-45.28%	-10.09%	94.44%
Income Tax	-$3.000M	-$2.300M	-$3.833M	$15.01M	-$17.72M	-$10.87M	$6.918M	-$11.09M	$408.0K
% Of Pretax Income	-395.26%	-7.52%				-154.12%	53.67%	-77.39%	5.53%
Net Earnings	-$16.34M	$19.57M	-$27.36M	-$43.98M	$2.494M	$17.92M	$5.971M	$22.36M	-$6.700M
YoY Change	-183.51%	-171.52%	-37.78%	-1863.31%	-86.08%	200.17%	-73.29%	-433.7%
Net Earnings / Revenue	-2.72%	3.41%	-5.57%	-12.82%	1.07%	8.78%	3.66%	14.7%	-4.86%
Basic Earnings Per Share	-$0.64	$0.77	-$1.09	-$1.83	$0.11	$0.96	$0.42	$1.66	-$0.50
Diluted Earnings Per Share	-$0.64	-$0.48	-$1.09	-$1.83	$0.10	$0.85	$0.37	$1.51	-$0.47

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$153.5M	$184.9M	$331.5M	$72.20M	$185.0M	$58.90M	$37.60M	$6.800M	$10.10M
YoY Change	-16.98%	-44.22%	359.08%	-60.97%	214.09%	56.65%	452.94%	-32.67%
Cash & Equivalents	$132.0M	$113.6M	$331.5M	$72.20M	$185.0M	$41.50M	$37.60M	$6.800M	$10.10M
Short-Term Investments	$21.49M	$71.23M			$0.00	$17.40M
Other Short-Term Assets	$21.15M	$20.27M	$19.86M	$26.20M	$11.80M	$8.700M	$6.400M	$4.400M	$9.300M
YoY Change	4.31%	2.07%	-24.2%	122.03%	35.63%	35.94%	45.45%	-52.69%
Inventory			$0.00	$40.00M
Prepaid Expenses
Receivables	$78.16M	$73.00M	$61.16M	$53.00M	$30.10M	$23.90M	$20.90M	$16.50M	$12.60M
Other Receivables	$0.00	$1.461M	$411.0K	$2.200M	$100.0K	$100.0K	$300.0K	$300.0K	$200.0K
Total Short-Term Assets	$252.8M	$279.6M	$412.9M	$193.6M	$226.9M	$91.70M	$65.30M	$28.00M	$32.10M
YoY Change	-9.6%	-32.28%	113.27%	-14.68%	147.44%	40.43%	133.21%	-12.77%
Property, Plant & Equipment	$335.4M	$109.7M	$83.67M	$71.10M	$62.70M	$25.10M	$14.90M	$11.20M	$10.30M
YoY Change	205.59%	31.17%	17.67%	13.4%	149.8%	68.46%	33.04%	8.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$10.12M	$36.19M	$13.35M	$5.600M	$38.30M	$19.70M	$9.800M	$15.40M	$3.800M
YoY Change	-72.05%	171.1%	138.38%	-85.38%	94.42%	101.02%	-36.36%	305.26%
Total Long-Term Assets	$848.3M	$649.7M	$652.7M	$697.0M	$114.5M	$58.70M	$39.20M	$42.00M	$31.00M
YoY Change	30.56%	-0.45%	-6.36%	508.73%	95.06%	49.74%	-6.67%	35.48%
Total Assets	$1.101B	$929.3M	$1.066B	$890.6M	$341.4M	$150.4M	$104.5M	$70.00M	$63.10M
YoY Change
Accounts Payable	$34.21M	$26.75M	$9.142M	$11.70M	$4.200M	$3.400M	$3.000M	$4.700M	$4.400M
YoY Change	27.88%	192.61%	-21.86%	178.57%	23.53%	13.33%	-36.17%	6.82%
Accrued Expenses	$74.48M	$67.65M	$71.55M	$68.40M	$32.20M	$21.10M	$15.60M	$14.60M	$15.60M
YoY Change	10.09%	-5.45%	4.61%	112.42%	52.61%	35.26%	6.85%	-6.41%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.000M	$17.00M
YoY Change							-100.0%	-70.59%
Long-Term Debt Due		$143.0K	$177.0K	$200.0K			$100.0K	$2.100M	$100.0K
YoY Change		-19.21%	-11.5%				-95.24%	2000.0%
Total Short-Term Liabilities	$122.8M	$114.0M	$93.50M	$92.20M	$45.70M	$32.70M	$24.50M	$30.50M	$59.10M
YoY Change	7.69%	21.94%	1.41%	101.75%	39.76%	33.47%	-19.67%	-48.39%
Long-Term Debt	$418.5M	$480.7M	$486.4M	$282.2M	$0.00	$0.00	$0.00	$37.70M	$0.00
YoY Change	-12.94%	-1.18%	72.37%				-100.0%
Other Long-Term Liabilities	$229.3M	$23.95M	$24.61M	$25.30M	$25.60M	$8.900M	$3.300M	$2.300M	$600.0K
YoY Change	857.58%	-2.68%	-2.73%	-1.17%	187.64%	169.7%	43.48%	283.33%
Total Long-Term Liabilities	$647.9M	$504.7M	$511.1M	$307.5M	$25.60M	$8.900M	$3.300M	$40.00M	$600.0K
YoY Change	28.37%	-1.25%	66.2%	1101.17%	187.64%	169.7%	-91.75%	6566.67%
Total Liabilities	$803.7M	$657.1M	$652.9M	$460.7M	$71.30M	$41.70M	$27.80M	$70.50M	$60.40M
YoY Change	22.3%	0.64%	41.73%	546.14%	70.98%	50.0%	-60.57%	16.72%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	25.61M shares	25.28M shares	25.09M shares	24.09M shares	22.64M shares	18.57M shares	12.59M shares	11.68M shares	11.50M shares
Diluted Shares Outstanding	25.61M shares	30.91M shares	25.09M shares	24.09M shares	23.92M shares	21.14M shares	14.54M shares	12.87M shares	12.46M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $571.38 Million

About Bandwidth Inc.

Bandwidth, Inc. engages in the provision of cloud communications software services. The company is headquartered in Raleigh, North Carolina and currently employs 1,100 full-time employees. The company went IPO on 2017-11-10. The Company’s solutions and its communications cloud cover more than 65 countries and have users in unified communications and cloud contact centers. The company is a global communications platform-as-a-service (CPaaS) to offer a combination of composable application programming interfaces (APIs), owner-operated network and broad regulatory experience. Its Global Communications Plans serves the power platforms at the forefront of the communications transformation in unified communications as a service (UCaaS) and contact center as a service CCaaS, through a business-to-business-to-business (B2B2B) delivery model. Its Programmable Services comprises its text messaging solutions, through which it supports software as a service (SaaS) platform. The Company’s Global Enterprises is a business-to-business channel.

Industry: Services-Prepackaged Software Peers: NextPlat Corp Anterix Inc. AST SpaceMobile, Inc. Lumen Technologies, Inc. Charge Enterprises, Inc. EchoStar CORP HAMMER FIBER OPTICS HOLDINGS CORP Liberty Latin America Ltd. Voip-pal.com Inc