Bandwidth's Q4 Loss, Revenue Beat Estimates

Bandwidth Inc. (BAND) reported a Q4 loss of $1.8 million, or 6 cents per share. Excluding one-time items, earnings reached 37 cents per share, falling short of analysts' expectations by one cent.

Revenue surged to $210 million, exceeding estimates of $203.5 million. For the full year, the software developer narrowed its loss to $6.5 million ($0.24 per share) on revenue of $748.5 million.

For Q1 2023, the company anticipates revenue between $168 million and $170 million. Full-year revenue is projected within a range of $740 million to $760 million.

Since the year's start, Bandwidth shares have gained over 7%. In the past 12 months, the stock has risen 35%.