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Ooma, Inc. (symbol: OOMA) is a leading provider of innovative communication solutions for both consumers and businesses. With a mission to revolutionize home and small business phone services, Ooma offers an array of products that provide free and low-cost calling in the U.S. and Canada, leveraging advanced cloud-based telephony services.
Since its inception, Ooma has been dedicated to transforming the traditional home phone service market. At the heart of their offerings is the Ooma Telo device, a sophisticated system that delivers free, high-quality calling with advanced features. This device turns a standard home phone into a smart phone, providing unparalleled convenience and value.
For three consecutive years, Ooma has been ranked as the #1 home phone service for overall satisfaction and value by a prominent consumer research publication. This accolade underscores Ooma's commitment to delivering exceptional service and value to its customers.
Building on its success in the residential market, Ooma has expanded its offerings to cater to small businesses. Ooma Office is their first-ever small business phone service, providing a comprehensive suite of features including voice, messaging, intelligent virtual attendants, and video conferencing. This service is built on a robust SaaS and unified communications platform that ensures reliable and high-definition voice quality, along with seamless integration with mobile devices.
Ooma's services are powered by a multi-tenant cloud service, on-premise devices, desktop and mobile applications, and sophisticated calling platforms. The company generates revenue through the sale of subscriptions and additional services, catering to a global customer base.
Stay updated with the latest developments, financial performance, and news about Ooma, Inc. to make informed investment decisions.
Ooma, Inc. (OOMA) reported fiscal Q2 2022 results with revenue of $47.1 million, up 14% year-over-year. Subscription and services revenue increased to $43.5 million and constituted 93% of total revenue. GAAP net loss stood at $0.4 million, unchanged from the previous year, while non-GAAP net income rose slightly to $3.3 million. Adjusted EBITDA improved to $4.1 million. For Q3, Ooma anticipates revenue between $47.8 million to $48.5 million, with projected GAAP net loss of $0.8 to $1.6 million. Full fiscal year guidance estimates revenue at $188.5 million to $190.0 million.
Ooma, Inc. (NYSE: OOMA) will participate in the Jefferies Software Conference on September 14, 2021. The company’s management will host a Fireside Chat Presentation from 2:30 p.m. to 2:55 p.m. ET, complemented by investor meetings throughout the day. This presentation will be available via live video webcast and can be replayed for 30 days on the Investor Relations section of Ooma’s website. Interested investors can reach out to their Jefferies sales representative for meeting opportunities.
Ooma, Inc. (NYSE: OOMA) announced participation in the virtual Colliers Institutional Investor Conference on September 9, 2021. This event aims to facilitate discussions between management and interested investors, who can contact their Colliers Securities sales representative for meeting opportunities. Ooma is recognized for delivering a smart communications platform through its cloud-based SaaS, offering advanced voice and collaboration solutions for businesses and residential phone services with high voice quality.
Ooma, Inc. (NYSE: OOMA) plans to announce its second-quarter financial results for the period ending July 31, 2021, after market close on September 2, 2021. A conference call and live webcast will follow at 5:00 p.m. Eastern time, allowing analysts and investors to discuss the results. The financial results will be available on the company’s website prior to the call. Interested parties can access the conference call via specific dialing instructions provided. Ooma offers advanced cloud-based communication services for both businesses and consumers.
Ooma, a smart communications platform, announced the integration of UJET’s contact center solution into its offerings for Ooma Enterprise customers. This collaboration provides a unified source for both UCaaS and CCaaS, enhancing customer experience management. UJET’s platform supports up to 22,000 agents globally, delivering predictive and contextual customer interactions. Ooma will handle implementation and support, simplifying billing for businesses. This initiative aims to facilitate digital transformation without requiring extensive changes to existing systems.
Ooma, Inc. has partnered with AppSmart, enhancing access to its business phone and unified communications services through AppSmart's network of over 5,000 technology advisors. This partnership aims to provide comprehensive services like Ooma Office, Ooma Office Pro, and Ooma Enterprise, which have been recognized for their quality and feature set. AppSmart's technology advisors will receive training to effectively support clients needing various communication solutions. This collaboration is expected to leverage AppSmart's extensive marketplace to increase Ooma's market outreach.
Ooma has enhanced its videoconferencing platform, Ooma Meetings, by adding Remote Control and Meeting Logs. The Remote Control feature allows participants to control another's computer during meetings for efficient collaboration and tech support. Meeting Logs enable users to track participants and attendance over the last 30 days. Ooma Office Pro, priced at $24.95 per extension monthly, includes advanced features such as call recording and enhanced robocall blocking, catering to small and mid-sized businesses.
Ooma has partnered with Jazzware to deliver unique unified communications and telephony solutions tailored for the hospitality industry across the U.S. Jazzware, a proven leader in the hospitality sector for over 25 years, will leverage Ooma's Enterprise UCaaS platform and SIP trunking services. This partnership aims to modernize hotel communication infrastructures, significantly reducing telephony costs while enhancing service efficiencies. A recent project successfully transformed a hotel’s telecommunications in Washington, D.C., showcasing the benefits of this collaboration.
Ooma announced the launch of Caller Info Match, a feature of its Ooma Office Pro business phone service. This tool automatically provides detailed caller profiles for inbound and outbound calls by integrating with user-selected sources like CRM systems or social media. Supported CRM platforms include Salesforce, Hubspot, ServiceNow, and Zoho. The feature aims to enhance business communications by allowing employees to quickly distinguish between customers and prospects. Available at no additional cost, Caller Info Match is designed to improve customer interaction from the outset.
Ooma, Inc. (NYSE: OOMA) reported its fiscal first quarter 2022 results, revealing a 13% year-over-year revenue growth to $45.6 million. Subscription and services revenue reached $42.0 million, accounting for 92% of total revenue. The GAAP net loss narrowed to $0.9 million or $0.04 per share, while non-GAAP net income increased to $2.8 million or $0.11 per share. Looking ahead, Ooma forecasts Q2 revenue between $46.0 million and $46.8 million with a projected non-GAAP net income of $1.9 million to $2.4 million.
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