Ooma Inc Stock Price, News & Analysis

Ooma, Inc. has announced the introduction of new management features for its Ooma AirDial, a comprehensive replacement for traditional POTS lines. Key updates include API integration for efficient workflow management, roles-based access for enhanced security, real-time call logs for troubleshooting, and the capability for temperature readings of devices. The AirDial solution simplifies the transition from legacy phone lines essential for safety and business systems, offering an integrated approach with cloud management. Despite the industry's shift away from POTS, Ooma aims to provide reliable alternatives that cater to critical communications needs.

Ooma, Inc. has announced that its AirDial solution for POTS replacement has achieved key compliance milestones, ensuring safety and reliability for mission-critical devices. The AirDial, a wireless cellular network connection, is essential for devices such as fire alarms and elevator phones. Key milestones include certifications from the California State Fire Marshall, UL 864, and compatibility with major carriers like T-Mobile and AT&T. Designed to meet stringent life-safety codes, AirDial connects through a Managed Facility Voice Network, safeguarding data integrity. Ooma aims to provide a cost-effective alternative to traditional POTS lines while assuring regulatory compliance.

Ooma, Inc., a leader in smart communications, has been awarded PCMag’s Business Choice Award for Best VoIP System for the tenth consecutive year. With an overall satisfaction score of 8.6 out of 10, Ooma surpasses its nearest competitor by half a point and exceeds the average satisfaction among 18 VoIP providers by 1.3 points. The award stems from PCMag’s annual survey, where Ooma also led in the likelihood to recommend category, scoring 8.8. Ooma Office services start at $19.95 per month per user, offering robust features aimed at small and medium businesses. This recognition reinforces Ooma's position in the competitive VoIP market.

Ooma, Inc. (NYSE: OOMA) reported its financial results for Q4 and fiscal year 2023, with total revenue of $56.5 million, a 12% year-over-year increase. Subscription and services revenue rose to $52.6 million, comprising 93% of total revenue. The company recorded a GAAP net loss of $0.4 million and a non-GAAP net income of $4.1 million. Fiscal 2023 overall revenue stood at $216.2 million, with a GAAP net loss of $3.7 million. For Q1 FY 2024, Ooma expects revenue between $56.4 million and $56.9 million and a GAAP net loss between $0.6 million and $0.9 million.

Ooma, a smart communications platform, will participate in the William Blair 7th Annual Tech Innovators Conference on March 15, 2023. The event will involve virtual 1-on-1 meetings throughout the day, featuring CEO Eric Stang and CFO Shig Hamamatsu. Interested parties can reach out to their William Blair & Company representative for details. Ooma offers cloud-based services for both businesses and consumers, including advanced voice features and HD voice quality for residential phones. For more information, visit ooma.com.