- Bandwidth (NASDAQ:BAND) is up 3.1% in postmarket trade after its Q2 earnings registered a surprise profit on healthy revenue gains.
- It posted net income of $4.1M, a non-GAAP figure excluding a $7.1M income tax benefit from option exercises. That's up from a year-ago $2.5M.
- That equates to EPS of $0.20 a share; analyst estimates ranged from a loss of $0.11/share to a loss of $0.13/share.
- EBITDA fell to $3.2M from a year-ago $5.8M.
- Of total revenue of $48.3M, CPaaS revenue was $39.8M (up 26%); other revenue was $8.5M vs. a year-ago $8M.
- For Q3, it's guiding to CPaaS revenue of $40M-$40.5M, and total revenue of $47.7M-$48.2M (above consensus for $46.7M), along with EPS of -$0.19 to -$0.21 (below expectations for a loss of $0.14).
- For the full year, it's forecasting CPaaS revenue of $160.7M-$161.7M and total revenue of $198M-$199M (above consensus for $194M), along with EPS of $0.04-$0.09 (above expectations for a loss of $0.04/share).
- Press release
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