Bandwidth Q4 Results Beat Street View; Provides Downbeat Q1 Guidance

Bandwidth (BAND), a software company, reported Q4 results that beat Wall Street expectations but provided downbeat Q1 outlook.

Non-GAAP net loss was $0.04 per share for the December quarter, compared to EPS of $0.09 for the year-earlier period. The average estimate of analysts surveyed by Capital IQ was for a net loss of $0.29 per share.

Q4 revenue increased 23% to $52.3 million, surpassing the analyst consensus of $49.4 million

Bandwidth said it anticipates Q1 non-GAAP net loss of $0.27 to $0.30 per share and revenue of $51 million to $51.5 million. Wall Street was looking for a net loss of $0.12 per share and $53.1 million in revenue.

For FY19, the company said it anticipates a net loss of $0.64 to $0.74 per share, and revenue of $231.5 million to $233.5 million. Analysts had projected a net loss of $0.52 per share and $225.9 million of revenue.

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