Ooma Inc Stock Price, News & Analysis

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.

Ooma, Inc. (NYSE: OOMA) reported its fiscal Q2 2023 results, revealing a revenue of $52.7 million, a 12% increase year-over-year. Subscription and services accounted for $48.0 million, comprising 91% of total revenue. The company achieved a GAAP net income of $0.3 million, compared to a net loss of $0.4 million in the prior year. Ooma also announced its acquisition of Junction Networks Inc. (OnSIP), expected to enhance future growth. For Q3 2023, Ooma anticipates revenue between $56.0 million and $56.5 million and a GAAP net loss of $1.6 million to $2.1 million.

Ooma, Inc. (NYSE: OOMA) is set to release its financial results for Q2 2022, ending July 31, after market close on September 1, 2022. Following the release, a conference call will occur at 5:00 PM ET to discuss the results, with access available via phone and live webcast. Investors can find the financial results on Ooma's investor relations website prior to the call. A telephonic replay will be available shortly after the call until September 8, 2022.

Ooma, Inc. (NYSE: OOMA) announced its participation in the 12th Annual East Coast IDEAS Conference on June 22, 2022. The event will feature an audio webcast of a fireside discussion starting at 6:00 a.m. Eastern Time, along with one-on-one investor meetings. Ooma's CEO, Eric Stang, and CFO, Shig Hamamatsu, will be presenting. Interested parties can access the event virtually via the conference website www.IDEASconferences.com. The webcast will be available for replay for 90 days on Ooma's Investor Relations page.