Trade Bandwidth Inc. - BAND CFD

Trade Bandwidth Inc. - BAND

About Bandwidth Inc

Bandwidth Inc. is a cloud-based communications platform-as-a-service (CPaaS) provider that enables enterprises to create, scale and operate voice or messaging communications services across any mobile application or connected device. The Company operates through two segments: CPaaS and Other. Its software platform and Internet protocol (IP) voice network enables its enterprise customers to develop and deploy real-time software-powered communications solution. By operating its IP voice network, the Company offers advanced monitoring, reporting and analytics, customer service, operating teams, and personalized support. It provides software application programming interface (APIs) that are used to build voice calling within applications, call flows between users or machines, call recording, text-to-speech for interactive voice response, call detail records, conference calling, bridging and more. Its voice quality monitoring service provides tools and processes for network quality tests.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Bandwidth Inc revenues increased 43% to $490.9M. Net loss decreased 38% to $27.4M. Revenues reflect CpaaS segment increase of 39% to $413.9M, Other segment increase of 71% to $77M, United States segment increase of 34% to $433.5M, International segment increase from $18.7M to $57.4M. Lower net loss reflects Total other (expense) income decrease of 90% to $174K (expense).