Bandwidth(BAND) - 2023 Q3 - Earnings Call Presentation

Financial Performance - Bandwidth's Q3 2023 revenue reached $152 million, a 5% year-over-year increase[15] - Commercial messaging revenue grew significantly by 51% year-over-year[15] - Adjusted EBITDA for Q3 2023 was $14 million[15] - Free cash flow for Q3 2023 amounted to $18 million[15] - The company anticipates full year 2023 revenue of $590 million and adjusted EBITDA of $45 million[24] Customer Metrics - The average annual customer revenue reached $177,000[15, 21] - Direct enterprise revenue increased by 19% year-over-year[18] - Programmable services revenue increased significantly by 47% year-over-year[18] - Global communications plans revenue decreased by 4% year-over-year[18] Market Position and Strategy - Bandwidth is identified as a worldwide CPaaS leader from 2020-2023[8] - The company powers 100% of the UCaaS and CCaaS Leaders[12] - The company aims for medium-term targets including revenue CAGR of 15%-20%, Non-GAAP Gross Margin >60%, and Adjusted EBITDA Margin >20%[25]