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News

Bandwidth Sees Q1 Revenue $164M-$166M Vs $151.88M Est.; FY24 Revenue $695M-$705M Vs $669.31M Est.

Author: Benzinga Newsdesk | February 28, 2024 08:06am

Financial Outlook

Bandwidth's outlook is based on current indications for its business, which are subject to change. Bandwidth is providing guidance for its first quarter and full year 2024 as follows:



 
1Q 2024

Guidance


 
Full Year 2024

Guidance
Revenue (millions)$164 - $166

 
$695 - $705
Adjusted EBITDA (millions)$11 - $13

 
$70 - $74

Bandwidth has not reconciled its first quarter and full year 2024 guidance related to Adjusted EBITDA to GAAP net income or loss, because stock-based compensation cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation is not available without unreasonable effort.

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