Ooma Inc Stock Price, News & Analysis

Ooma has partnered with Jazzware to deliver unique unified communications and telephony solutions tailored for the hospitality industry across the U.S. Jazzware, a proven leader in the hospitality sector for over 25 years, will leverage Ooma's Enterprise UCaaS platform and SIP trunking services. This partnership aims to modernize hotel communication infrastructures, significantly reducing telephony costs while enhancing service efficiencies. A recent project successfully transformed a hotel’s telecommunications in Washington, D.C., showcasing the benefits of this collaboration.

Ooma announced the launch of Caller Info Match, a feature of its Ooma Office Pro business phone service. This tool automatically provides detailed caller profiles for inbound and outbound calls by integrating with user-selected sources like CRM systems or social media. Supported CRM platforms include Salesforce, Hubspot, ServiceNow, and Zoho. The feature aims to enhance business communications by allowing employees to quickly distinguish between customers and prospects. Available at no additional cost, Caller Info Match is designed to improve customer interaction from the outset.

Ooma, Inc. (NYSE: OOMA) reported its fiscal first quarter 2022 results, revealing a 13% year-over-year revenue growth to $45.6 million. Subscription and services revenue reached $42.0 million, accounting for 92% of total revenue. The GAAP net loss narrowed to $0.9 million or $0.04 per share, while non-GAAP net income increased to $2.8 million or $0.11 per share. Looking ahead, Ooma forecasts Q2 revenue between $46.0 million and $46.8 million with a projected non-GAAP net income of $1.9 million to $2.4 million.

Ooma, Inc. (NYSE: OOMA) is set to release its financial results for Q1 ending April 30, 2021 on May 26, 2021, after market close. The company will host a conference call at 5:00 PM ET to discuss the results, which will be available on their website beforehand. U.S. and Canada participants can join the call by dialing +1 (833) 233-4456, while international attendees can call +1 (647) 689-4135. A replay will be accessible from May 26 at 8:00 PM ET until June 2, 2021.

Ooma has announced the addition of Cellular Mode to its Ooma Home Phone mobile app, enhancing connectivity options for users. This feature allows calls to be made via the mobile device’s voice network, providing a stronger connection, especially in motion. The Ooma Home Phone service remains a top-rated VoIP option, offering unlimited nationwide calling with advanced features like PureVoice HD technology. The app is available for free on iOS and Android, and users can select between VoIP and Cellular Modes depending on their situation.

Ooma, Inc. (NYSE: OOMA) announced that CFO Ravi Narula will resign in the second half of Q2 fiscal 2022, ending July 31, to pursue other opportunities. Namrata Sabharwal, current VP and Corporate Controller, will assume the role on an interim basis. Narula joined Ooma in 2014 and contributed to significant revenue growth and the transition to a public company. Ooma reaffirmed its fiscal 2022 guidance and plans to report Q1 results on May 27, 2021. Ooma focuses on smart communications for businesses and consumers through its cloud-based platform.

Ooma has announced that its patented technology, Continuous Voice, is now available at no extra charge to all Ooma Connect customers. This technology ensures uninterrupted business phone calls during internet outages by automatically providing backup through multiple connections. Previously restricted to select plans, Continuous Voice enhances the overall reliability of Ooma's services. The Ooma Connect base station is priced at $599.99, with service plans starting at $29.99 monthly. This move is expected to bolster customer satisfaction and attract new users.

Ooma, Inc. reported its financial results for the fiscal fourth quarter and year ended January 31, 2021. Fourth quarter revenue reached $44.3 million, a 9% increase year-over-year. Subscription and services revenue accounted for 93% of total revenue, mainly due to Ooma Business growth. The GAAP net loss improved to $0.6 million or $0.03 per share, compared to $2.3 million last year. For the full year, revenue was $168.9 million, an 11% increase, with a reduced GAAP net loss of $2.4 million. Ooma forecasts revenue of $44.0 million to $44.8 million for Q1 FY2022.

Ooma, Inc. (NYSE: OOMA) will participate in the JMP Securities Technology Conference on March 2, 2021, with a presentation by CEO Eric Stang and CFO Ravi Narula at 1:30 PM ET. The presentation will be available via live audio webcast and can be replayed for 90 days. Ooma provides a smart communications platform for businesses and consumers, offering advanced voice and collaboration features, alongside residential phone services. For more details, visit the Ooma Investor Relations page.