Ooma Inc Stock Price, News & Analysis

Ooma, Inc. (NYSE: OOMA) will disclose its financial results for the fourth quarter and fiscal year ending January 31, 2023 after market hours on March 2, 2023. A conference call for analysts and investors is scheduled for 5:00 p.m. Eastern time that same day. Interested parties can join via phone or access a live webcast on Ooma's investor relations website. The results will be available on the company's site before the call and a replay will be accessible shortly after, lasting until 11:59 p.m. Eastern time on March 9, 2023.

Ooma, Inc. (NYSE: OOMA) announced its participation in the 25th Annual Needham Growth Conference on January 11, 2023. The fireside chat is scheduled from 3:45 p.m. to 4:25 p.m. Eastern time at the Lotte New York Palace hotel. CEO Eric Stang and CFO Shig Hamamatsu will represent the company. The presentation will be available as a live audio webcast and archived for 90 days on Ooma's Investor Relations website. Interested parties can contact Needham & Company for more details.

Ooma, Inc. (NYSE: OOMA) reported financial results for Q3 FY2023, revealing a 15% increase in total revenue to $56.7 million compared to the previous year. Subscription and services revenue rose to $51.7 million, making up 91% of total revenue. GAAP net loss was $2.8 million or $0.11 per share, a decline from last year's $0.3 million loss. Non-GAAP net income stood at $3.5 million, or $0.14 per diluted share, up from $3.3 million in Q3 FY2022. Ooma anticipates revenue of $216.0-$216.3 million for FY2023, with a GAAP net loss of $4.0-$4.3 million.

Ooma, a smart communications platform, has partnered with T-Mobile for Business to offer Ooma AirDial, a solution replacing traditional POTS lines. This collaboration aims to address the challenges posed by the phasing out of copper lines, providing a reliable and cost-effective alternative for businesses requiring voice services.

Ooma AirDial combines a base station with virtual phone service over T-Mobile's network, allowing remote management and compliance with regulatory requirements for safety systems. Ooma is optimistic about the partnership's potential to cut telecom costs for organizations.

Ooma, Inc. (NYSE: OOMA) will announce its financial results for the third quarter ended October 31, 2022, on November 30, 2022, after market close. A conference call for analysts and investors is scheduled for 5:00 p.m. Eastern time on the same day. Interested parties can join via dedicated dial-in numbers or through a webcast available on the investor relations website. Additionally, there will be a telephonic replay following the call. Ooma provides advanced communication solutions for businesses and consumers through its smart cloud-based platform.

Ooma, Inc. has been honored with the inaugural Power Partner Awards by Inc. Business Media, recognizing 252 companies globally for their support of startups and entrepreneurs. This award, featured in the November issue of Inc. magazine, highlights Ooma's commitment to empowering small and mid-sized businesses. Ooma’s services include Ooma Office, a comprehensive communications platform starting at $19.95 per user monthly. The recognition underscores Ooma's mission to democratize technology for businesses.

Ooma, Inc. has enhanced its Ooma Office business communication service with advanced call flow features, aiming to improve customer and employee experiences. The new capabilities include Call Queue Agent Log In/Log Out, Shared Voicemail Boxes, Virtual Receptionist Scheduling, Transfer Calls to External Lines, and Microsoft Dynamics 365 Integration. Ooma Office offers three pricing plans, with Pro Plus priced at $29.95 per user monthly, providing a comprehensive solution for small and mid-sized businesses. These updates promise to optimize call center operations and response times, increasing operational efficiency.

Ooma, Inc. has acquired Junction Networks Inc., operating as OnSIP, for approximately $9.75 million in cash, finalized on July 22, 2022. This acquisition is expected to enhance Ooma's profitability and cash flow, contributing over $10 million in annual revenue. OnSIP serves about 50,000 small business users and is recognized for its strong customer service. The move aligns with Ooma’s strategy to lead in serving SMBs, aiming for growth in its business solutions segment.