India, May 7 -- Bandwidth Inc. (BAND), an enterprise cloud communications company, reported Tuesday that its first-quarter net loss was $9.23 million, compared to profit of $3.61 million last year.
On a per share basis, loss widened to $0.35 from prior year's loss of $0.28.
Adjusted earnings per share were $0.27, compared to $0.05 last year. Analysts on average expected the company to report earnings of $0.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Adjusted EBITDA grew to $16 million from prior year's $5 million. Revenue grew to $171.03 million from last year's $137.84 million.
Looking ahead for the second quarter, the company projects revenue of $171 million to $...