Ooma Inc Stock Price, News & Analysis

Ooma, Inc. (NYSE: OOMA) announced its participation in the UBS Global TMT Virtual Conference from December 7-9, 2020. A key presentation by CEO Eric Stang and CFO Ravi Narula is scheduled for December 9 at 12:05 p.m. ET, which will be available as a live webcast. Following the presentation, the executives will hold virtual meetings with investors. Ooma is known for its cloud-based SaaS platform that offers advanced communication solutions for both businesses and consumers.

Ooma, Inc. (NYSE: OOMA) reported a 9% year-over-year revenue increase to $43.0 million for Q3 Fiscal 2021. Subscription and services revenue rose to $39.6 million, making up 92% of total revenue. The net loss decreased to $0.4 million or $0.02 per share, a significant improvement from the prior year’s loss of $6.8 million. Non-GAAP net income was $3.1 million, up from $0.1 million, while adjusted EBITDA reached $3.6 million. CEO Eric Stang highlighted strong sales growth through channel partners and positive market positioning.

Ooma, a smart communications platform, announced the launch of Ooma Meetings, a video collaboration tool integrated within its Ooma Office Pro service. This platform allows users to manage and join video meetings directly from the Ooma Office app, with a mobile version expected soon. Key features include simultaneous screen sharing, easy access through browsers without software installation, and a user-friendly interface. Ooma Meetings comes at no extra cost with the Office Pro subscription, which remains at $24.95 per user monthly.

Ooma, Inc. (NYSE: OOMA) is set to disclose its third-quarter financial results for the period ending October 31, 2020, on November 19, 2020, after market closure. A conference call for analysts and investors will occur at 5:00 p.m. Eastern Time on the same day, with access details provided for both U.S./Canada and international callers. The financial results will also be available on Ooma's investor relations website. Ooma is renowned for its smart communications platform that offers advanced voice and collaboration services to businesses and high-quality phone services to consumers.

Ooma, a smart communications platform, has partnered with Jimboy’s Tacos franchisee Roy Perez to provide internet backup and phone services for his eight locations in Northern California. Ooma Connect, their fixed wireless internet service, ensures uninterrupted online service, particularly vital for processing online orders and credit transactions. The franchisee reported significant reliability since installation, highlighting its importance for daily operations. Ooma's offerings include affordable plans for voice and internet services, catering to small and mid-sized businesses.

Ooma, Inc. (NYSE: OOMA) announces CFO Ravi Narula's participation in the East Coast IDEAS Investor Conference on June 23-24, 2020. The presentation will be available at 9:00 a.m. Eastern on June 23 through the conference website and Ooma’s Investor Relations page. IDEAS Conferences offer independent venues for companies to present to influential investment professionals, differentiating themselves by being "Sponsored BY the Buyside FOR the Buyside." Ooma offers a cloud-based communication platform for businesses and consumers, with innovative voice, collaboration, and security solutions.

Ooma announced the appointment of Judi Hand to its board of directors effective June 3, 2020. Hand has over 25 years of experience in sales and marketing, including leadership roles at major telecom companies. She previously served as an independent board member at Manitoba Telecom Services. Ooma's CEO, Eric Stang, emphasized that Hand's expertise in cloud services will enhance the company's strategic focus and improve sales across its business segments, particularly for larger enterprises through Ooma Office Pro and Ooma Enterprise.

Ooma will participate in the William Blair 40th Annual Growth Stock Conference, held virtually from June 9-11, 2020. CEO Eric Stang and CFO Ravi Narula are scheduled to present on June 10 at 4:40 p.m. Central time. The presentation will be available via live audio webcast, with a replay accessible on Ooma's Investor Relations page. Ooma offers a smart cloud-based platform for businesses and consumers, featuring advanced voice and collaboration tools along with a residential phone service that provides HD voice quality and smart security solutions.