Bandwidth Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
BAND$43.57+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Changes in Stockholders Equity
Condensed Consolidated Statements of Changes in Stockholders’ Equity
(In thousands, except share amounts)
| Class A votingcommon stock · Class B votingcommon stock · Additional paid-in capital · Accumulated other comprehensive loss · Accumulated deficit · Total stockholders’ equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2022 | 23,379,000 | $23 | 1,965,170 | $2 | $364,913 | $(44,214) | $(48,547) | $272,177 |
| Exercises of vested stock options | 22,975 | — | — | — | 155 | — | — | 155 |
| Vesting of restricted stock units | 171,950 | 1 | — | — | — | — | — | 1 |
| Equity awards withheld for tax liability | (43,325) | — | — | — | (903) | — | — | (903) |
| Unrealized gain on marketable securities | — | — | — | — | — | 72 | — | 72 |
| Foreign currency translation | — | — | — | — | — | 7,647 | — | 7,647 |
| Stock-based compensation | — | — | — | — | 6,649 | — | — | 6,649 |
| Net income | — | — | — | — | — | — | 3,611 | 3,611 |
| Balance at March 31, 2023 | 23,530,600 | 24 | 1,965,170 | 2 | 370,814 | (36,495) | (44,936) | 289,409 |
| Exercises of vested stock options | 38,374 | — | — | — | 259 | — | — | 259 |
| Vesting of restricted stock units | 58,084 | — | — | — | — | — | — | — |
| Equity awards withheld for tax liability | (2,289) | — | — | — | (30) | — | — | (30) |
| Unrealized gain on marketable securities | — | — | — | — | — | 54 | — | 54 |
| Foreign currency translation | — | — | — | — | — | 234 | — | 234 |
| Stock-based compensation | — | — | — | — | 5,866 | — | — | 5,866 |
| Net loss | — | — | — | — | — | — | (3,890) | (3,890) |
| Balance at June 30, 2023 | 23,624,769 | 24 | 1,965,170 | 2 | 376,909 | (36,207) | (48,826) | 291,902 |
| Vesting of restricted stock units | 51,132 | — | — | — | — | — | — | — |
| Equity awards withheld for tax liability | (242) | — | — | — | (3) | — | — | (3) |
| Conversion of Class B voting common stock to Class A voting common stock | 7,142 | — | (7,142) | — | — | — | — | — |
| Unrealized loss on marketable securities | — | — | — | — | — | (129) | — | (129) |
| Foreign currency translation | — | — | — | — | — | (12,760) | — | (12,760) |
| Stock-based compensation | — | — | — | — | 6,107 | — | — | 6,107 |
| Net loss | — | — | — | — | — | — | (5,130) | (5,130) |
| Balance at September 30, 2023 | 23,682,801 | 24 | 1,958,028 | 2 | 383,013 | (49,096) | (53,956) | 279,987 |
| Vesting of restricted stock units | 523,796 | — | — | — | — | — | — | — |
| Equity awards withheld for tax liability | (457) | — | — | — | (5) | — | — | (5) |
| Unrealized loss on marketable securities | — | — | — | — | — | (245) | — | (245) |
| Foreign currency translation | — | — | — | — | — | 20,577 | — | 20,577 |
| Unrealized loss on employee benefit pension plan | — | — | — | — | — | (30) | — | (30) |
| Stock-based compensation | — | — | — | — | 8,040 | — | — | 8,040 |
| Net loss | — | — | — | — | — | — | (10,934) | (10,934) |
| Balance at December 31, 2023 | 24,206,140 | 24 | 1,958,028 | 2 | 391,048 | (28,794) | (64,890) | 297,390 |
| Exercises of vested stock options | 10,849 | — | — | — | 103 | — | — | 103 |
| Vesting of restricted stock units | 920,435 | 1 | — | — | — | — | — | 1 |
Condensed Consolidated Statements of Changes in Stockholders’ Equity
(In thousands, except share amounts)
| Class A votingcommon stock · Class B votingcommon stock · Additional paid-in capital · Accumulated other comprehensive loss · Accumulated deficit · Total stockholders’ equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Equity awards withheld for tax liability | (116,747) | — | — | — | (2,267) | — | — | (2,267) |
| Unrealized gain on marketable securities | — | — | — | — | — | 9 | — | 9 |
| Foreign currency translation | — | — | — | — | — | (9,340) | — | (9,340) |
| Stock-based compensation | — | — | — | — | 21,536 | — | — | 21,536 |
| Net loss | — | — | — | — | — | — | (9,233) | (9,233) |
| Balance at March 31, 2024 | 25,020,677 | 25 | 1,958,028 | 2 | 410,420 | (38,125) | (74,123) | 298,199 |
| Exercises of vested stock options | 1,625 | — | — | — | 16 | — | — | 16 |
| Vesting of restricted stock units | 251,015 | — | — | — | — | — | — | — |
| Equity awards withheld for tax liability | (1,351) | — | — | — | (24) | — | — | (24) |
| Unrealized gain on marketable securities | — | — | — | — | — | 117 | — | 117 |
| Foreign currency translation | — | — | — | — | — | (3,007) | — | (3,007) |
| Stock-based compensation | — | — | — | — | 8,091 | — | — | 8,091 |
| Net income | — | — | — | — | — | — | 4,055 | 4,055 |
| Balance at June 30, 2024 | 25,271,966 | 25 | 1,958,028 | 2 | 418,503 | (41,015) | (70,068) | 307,447 |
| Exercises of vested stock options | 1,030 | — | — | — | 10 | — | — | 10 |
| Vesting of restricted stock units | 276,855 | 1 | — | — | — | — | — | 1 |
| Equity awards withheld for tax liability | (181) | — | — | — | (3) | — | — | (3) |
| Unrealized loss on marketable securities | — | — | — | — | — | (78) | — | (78) |
| Foreign currency translation | — | — | — | — | — | 20,538 | — | 20,538 |
| Stock-based compensation | — | — | — | — | 8,247 | — | — | 8,247 |
| Net income | — | — | — | — | — | — | 413 | 413 |
| Balance at September 30, 2024 | 25,549,670 | $26 | 1,958,028 | $2 | $426,757 | $(20,555) | $(69,655) | $336,575 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.