The transactions were part of a pre-arranged trading plan under Rule 10b5-1 to cover tax obligations related to equity awards. Following these sales, Krupka holds 11,097 shares of Bandwidth (NASDAQ:BAND)'s Class A Common Stock.Earlier, on November 28, Krupka acquired 12,471 shares through the vesting of Restricted Stock Units, at no cost, increasing his holdings prior to the subsequent sales. InvestingPro data shows Bandwidth maintains a strong financial position with liquid assets exceeding short-term obligations and a "GOOD" overall financial health score. Discover more insights and 8 additional ProTips about Bandwidth in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers. InvestingPro data shows Bandwidth maintains a strong financial position with liquid assets exceeding short-term obligations and a "GOOD" overall financial health score. Discover more insights and 8 additional ProTips about Bandwidth in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The transactions were part of a pre-arranged trading plan under Rule 10b5-1 to cover tax obligations related to equity awards. Following these sales, Krupka holds 11,097 shares of Bandwidth's Class A Common Stock.
Earlier, on November 28, Krupka acquired 12,471 shares through the vesting of Restricted Stock Units, at no cost, increasing his holdings prior to the subsequent sales.
In other recent news, Bandwidth Inc. has reported a significant increase in both revenue and adjusted EBITDA in its Q3 2024 earnings call. The company's revenue rose by 28% to reach a record $194 million, while adjusted EBITDA saw a 74% increase to $24 million. These financial results have led Bandwidth Inc. to raise its full-year revenue outlook to an impressive $742 million, forecasting a 23% growth.
The company's growth is credited to an increase in direct enterprise customers and a rise in programmable communications services. Bandwidth Inc. also achieved a record average revenue per user (ARPU) of $212,000. Additionally, the company expects free cash flow for 2024 to exceed $50 million.
Despite a 7% increase in operating expenses due to investments in research and development, Bandwidth's commercial messaging revenue grew by 32%. The net retention rate also improved to 117%, indicating successful customer retention and market expansion. These recent developments suggest a strong growth trajectory for Bandwidth Inc. in the upcoming period.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.