Ooma, Inc. - OOMA STOCK NEWS

Ooma has announced the addition of Cellular Mode to its Ooma Home Phone mobile app, enhancing connectivity options for users. This feature allows calls to be made via the mobile device’s voice network, providing a stronger connection, especially in motion. The Ooma Home Phone service remains a top-rated VoIP option, offering unlimited nationwide calling with advanced features like PureVoice HD technology. The app is available for free on iOS and Android, and users can select between VoIP and Cellular Modes depending on their situation.

Ooma, Inc. (NYSE: OOMA) announced that CFO Ravi Narula will resign in the second half of Q2 fiscal 2022, ending July 31, to pursue other opportunities. Namrata Sabharwal, current VP and Corporate Controller, will assume the role on an interim basis. Narula joined Ooma in 2014 and contributed to significant revenue growth and the transition to a public company. Ooma reaffirmed its fiscal 2022 guidance and plans to report Q1 results on May 27, 2021. Ooma focuses on smart communications for businesses and consumers through its cloud-based platform.

Ooma has announced that its patented technology, Continuous Voice, is now available at no extra charge to all Ooma Connect customers. This technology ensures uninterrupted business phone calls during internet outages by automatically providing backup through multiple connections. Previously restricted to select plans, Continuous Voice enhances the overall reliability of Ooma's services. The Ooma Connect base station is priced at $599.99, with service plans starting at $29.99 monthly. This move is expected to bolster customer satisfaction and attract new users.

Ooma, Inc. reported its financial results for the fiscal fourth quarter and year ended January 31, 2021. Fourth quarter revenue reached $44.3 million, a 9% increase year-over-year. Subscription and services revenue accounted for 93% of total revenue, mainly due to Ooma Business growth. The GAAP net loss improved to $0.6 million or $0.03 per share, compared to $2.3 million last year. For the full year, revenue was $168.9 million, an 11% increase, with a reduced GAAP net loss of $2.4 million. Ooma forecasts revenue of $44.0 million to $44.8 million for Q1 FY2022.

Ooma, Inc. (NYSE: OOMA) will participate in the JMP Securities Technology Conference on March 2, 2021, with a presentation by CEO Eric Stang and CFO Ravi Narula at 1:30 PM ET. The presentation will be available via live audio webcast and can be replayed for 90 days. Ooma provides a smart communications platform for businesses and consumers, offering advanced voice and collaboration features, alongside residential phone services. For more details, visit the Ooma Investor Relations page.

Ooma, Inc. (NYSE: OOMA) will release its financial results for Q4 and fiscal year ended January 31, 2021, after market close on March 1, 2021. The results will be followed by a conference call at 5:00 p.m. Eastern time, accessible via phone and webcast. Interested parties can join the call using the provided conference ID. The news release will be available on Ooma's investor relations website, and a telephonic replay will be accessible from 8:00 p.m. on March 1 through March 8, 2021.

Ooma, a smart communications platform, reported a significant surge in call volumes during the Super Bowl, peaking at 250% more simultaneous calls to quick-service restaurants compared to the previous Sunday. The increase began at 5 PM Eastern, with calls almost doubling in ten minutes, and continued at high levels until 7:30 PM, with a slight dip for the kickoff. Ooma supports over two million customers, including restaurant businesses, emphasizing its capacity to handle high traffic volumes during peak events effectively.

Ooma has appointed CFO Ravi Narula and General Counsel Jenny Yeh to its board of directors as of January 8, 2021. Narula, who has been with Ooma since 2014, is essential for driving revenue growth and enhancing shareholder value. Yeh, with a background in corporate governance and legal compliance, joined Ooma in 2018. Both appointments aim to strengthen the board's expertise and support Ooma's strategic objectives, particularly as the company approaches its new fiscal year starting February 1.

Ooma, a smart communications platform, will participate in the 23rd Annual Needham Virtual Growth Conference on January 15, 2021. CEO Eric Stang and CFO Ravi Narula will present in a fireside chat from 2:00 p.m. to 2:40 p.m. ET. The session will be available as a live audio webcast and later for replay for 180 days via Ooma's Investor Relations page. Alongside the presentation, there will be virtual investor meetings upon request.

Ooma delivers advanced communication services and smart security solutions for businesses and consumers.