Bandwidth Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 165.39 million compared to USD 156.97 million a year ago. Net loss was USD 10.93 million compared to net income of USD 33.43 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to basic earnings per share from continuing operations of USD 1.32 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to USD 0.16 a year ago.
For the full year, sales was USD 601.12 million compared to USD 573.15 million a year ago. Net loss was USD 16.34 million compared to net income of USD 19.57 million a year ago. Basic loss per share from continuing operations was USD 0.64 compared to basic earnings per share from continuing operations of USD 0.77 a year ago. Diluted loss per share from continuing operations was USD 0.64 compared to USD 0.48 a year ago.