Bandwidth(US:BAND)2022-06-11 19:20Company Overview - Bandwidth is a global cloud communications leader powering enterprise digital transformation through software APIs and its global network[3] - The company's global total addressable market (TAM) is $83 billion[5] - Bandwidth experienced a 3-year compound annual growth rate (CAGR) of 36% in revenue[5] - Bandwidth provides communication services in over 60 countries[5] Technology and Services - Bandwidth's software API library powers next-generation, global use cases, including in-browser calling, A2P messaging, real-time 911 location updates, and telehealth calls[8] - The company's platform supports various applications, such as customer notifications, IVRs with natural language processing, appointment reminders, call data analytics, and two-factor authentication[8] Market Opportunity and Strategy - The company is capitalizing on the global move to the cloud with a three-pronged growth strategy: growing existing customers, winning direct enterprise customers, and being the best CPaaS platform[19] - Bandwidth is focused on opportunities across four key customer categories: work communications, contact center platforms, brand-to-customer engagement, and global enterprises[18] Financial Performance - Bandwidth's revenue experienced +36% CAGR from 2018 to 2021[35] - In FY21, the company's GAAP gross profit was $2138 million, with a gross margin of 44%, while the Non-GAAP gross profit was $2353 million, with a Non-GAAP gross margin of 53%[46]