Bandwidth Announces Fourth Quarter and Full Year 2020 Financial Results

Bandwidth Inc. (NASDAQ: BAND), a leading enterprise cloud communications company, today announced financial results for the fourth quarter and full year ended December 31, 2020.

“The fourth quarter was a strong finish to a monumental year for Bandwidth. We fulfilled our mission to develop and deliver the power to communicate when America needed it most, and our team is grateful for the privilege to have served our customers through this difficult season. We’re proud of the results, including record annual CPaaS revenue growth and dollar-based net retention and an accelerated return to positive Non-GAAP net income,” stated David Morken, Chief Executive Officer of Bandwidth.

“Today’s businesses demand sophisticated communications solutions provided as part of a dynamic platform, allowing for integration with adjacent applications, exponential scale, and unfettered creativity and flexibility. On the heels of our successful acquisition of Voxbone, I believe Bandwidth is uniquely positioned to meet those demands on a global scale. Our opportunities have never been greater.”