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Ooma, Inc. provides cloud-based communications services for businesses and consumers under products such as Ooma Office, Ooma AirDial, Ooma 2600Hz, Ooma Telo and MyPhone. Its news commonly covers subscription-service results, small-business communications, POTS replacement for legacy copper lines, wholesale platform services and residential telephony.
Company updates also include product launches and feature enhancements, including remote device management for AirDial and POTSTracker.com for POTS discontinuance monitoring. Ooma announcements regularly address quarterly earnings releases, investor conference participation, retail availability for consumer phone products and completed acquisitions that expand its business communications portfolio.
Ooma has announced new features for its Ooma Office business phone and communications service to enhance customer engagement and team collaboration. These features include a 'Contact Us' widget, an auto dialer, scheduled SMS messages, Call Park on desktop and mobile apps, an online whiteboard for videoconferences, and team chat on the mobile app. Ooma Office offers three pricing tiers with no contracts required: Essentials at $19.95 per user/month, Pro at $24.95 per user/month, and Pro Plus at $29.95 per user/month, exclusive of taxes and fees. All new features are available in the Pro Plus tier, with some available in the Pro tier. These additions aim to provide small-to-medium-sized businesses with tools typically reserved for larger organizations, enhancing productivity and communication.
Ooma (NYSE: OOMA) announced its fiscal first-quarter 2025 financial results, reporting total revenue of $62.5 million, a 10% year-over-year increase. Subscription and services revenue reached $58.4 million, making up 93% of total revenue, driven by Ooma Business and the acquisition of 2600hz.
GAAP net loss was $2.1 million ($0.08 per share), versus $0.3 million ($0.01 per share) in Q1 2024. Non-GAAP net income was $3.6 million ($0.14 per share), compared to $4.0 million ($0.16 per share) last year. Adjusted EBITDA improved to $5.0 million from $4.8 million in Q1 2024.
Ooma's outlook for Q2 2025 includes revenue of $62.5-$63.0 million, GAAP net loss of $2.2-$2.5 million, and Non-GAAP net income of $3.6-$3.9 million. For FY 2025, revenue is forecasted at $250.7-$253.0 million, with a GAAP net loss of $7.7-$8.7 million, and Non-GAAP net income of $15.0-$16.0 million.
Ooma highlighted significant growth in business services revenue, higher operational cash flow, debt reduction, new reseller partners, and the launch of AirDial in Canada as key achievements for the quarter.
Ooma, a smart communications platform for businesses and consumers, announced its participation in the 44th Annual William Blair Growth Stock Conference. The event will take place on June 4, 2024, in Chicago, Illinois, featuring Ooma's CEO Eric Stang and CFO Shig Hamamatsu. The conference will include investor meetings but no public presentation or webcast. Interested parties are advised to contact their William Blair & Company sales representative for further details and opportunities to schedule meetings.
Ooma, Inc. (NYSE: OOMA) will release its financial results for the first quarter ending April 30, 2024, on May 28, 2024. The company will host a conference call for analysts and investors at 5:00 p.m. Eastern time on the same day.
Ooma, Inc. announced the availability of Ooma AirDial, a POTS replacement solution, in Canada. With the phasing out of POTS in Canadian provinces and the plans for copper network decommissioning by Bell Canada and TELUS, businesses face challenges. Ooma AirDial offers analog-to-digital phone service for businesses relying on POTS lines, providing a turnkey replacement solution with hardware, software, wireless connectivity, and regulatory compliance.
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