Bandwidth ( (BAND) ) has released its Q4 earnings. Here is a breakdown of the information Bandwidth presented to its investors.
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Bandwidth Inc. is a global cloud communications software company that provides enterprise solutions in voice calling, text messaging, and emergency services, operating in over 65 countries and serving major players in unified communications and cloud contact centers.
The company recently announced its financial results for the fourth quarter and full year of 2024, highlighting record revenue and profitability. The year was marked by significant product innovation and increased customer adoption of its AI-driven cloud communications platform.
Key metrics from the report include a 25% increase in revenue, reaching $748 million for the year, and a notable jump in adjusted EBITDA by 70% to $82 million. Despite a net loss of $6.5 million, Bandwidth achieved record free cash flow of $59 million, attributed to strong enterprise adoption and strategic execution. The company’s non-GAAP gross margin also improved to 57%, from 55% the previous year.
Looking ahead, Bandwidth projects revenue growth of 8% to 11% for 2025, with plans to continue expanding its market leadership and enhancing profitability through its innovative AI-powered communication solutions. The company remains focused on leveraging its momentum to unlock new value for customers.
Management remains optimistic about the future, emphasizing the potential for continued growth and innovation in the cloud communications sector, driven by the ongoing adoption of AI and other transformative technologies.
