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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. (NYSE: OOMA) reported a 9% year-over-year revenue increase to $43.0 million for Q3 Fiscal 2021. Subscription and services revenue rose to $39.6 million, making up 92% of total revenue. The net loss decreased to $0.4 million or $0.02 per share, a significant improvement from the prior year’s loss of $6.8 million. Non-GAAP net income was $3.1 million, up from $0.1 million, while adjusted EBITDA reached $3.6 million. CEO Eric Stang highlighted strong sales growth through channel partners and positive market positioning.
Ooma, a smart communications platform, announced the launch of Ooma Meetings, a video collaboration tool integrated within its Ooma Office Pro service. This platform allows users to manage and join video meetings directly from the Ooma Office app, with a mobile version expected soon. Key features include simultaneous screen sharing, easy access through browsers without software installation, and a user-friendly interface. Ooma Meetings comes at no extra cost with the Office Pro subscription, which remains at $24.95 per user monthly.
Ooma, Inc. (NYSE: OOMA) is set to disclose its third-quarter financial results for the period ending October 31, 2020, on November 19, 2020, after market closure. A conference call for analysts and investors will occur at 5:00 p.m. Eastern Time on the same day, with access details provided for both U.S./Canada and international callers. The financial results will also be available on Ooma's investor relations website. Ooma is renowned for its smart communications platform that offers advanced voice and collaboration services to businesses and high-quality phone services to consumers.
Ooma, a smart communications platform, has partnered with Jimboy’s Tacos franchisee Roy Perez to provide internet backup and phone services for his eight locations in Northern California. Ooma Connect, their fixed wireless internet service, ensures uninterrupted online service, particularly vital for processing online orders and credit transactions. The franchisee reported significant reliability since installation, highlighting its importance for daily operations. Ooma's offerings include affordable plans for voice and internet services, catering to small and mid-sized businesses.
Ooma, Inc. (NYSE: OOMA) announces CFO Ravi Narula's participation in the East Coast IDEAS Investor Conference on June 23-24, 2020. The presentation will be available at 9:00 a.m. Eastern on June 23 through the conference website and Ooma’s Investor Relations page. IDEAS Conferences offer independent venues for companies to present to influential investment professionals, differentiating themselves by being "Sponsored BY the Buyside FOR the Buyside." Ooma offers a cloud-based communication platform for businesses and consumers, with innovative voice, collaboration, and security solutions.
Ooma announced the appointment of Judi Hand to its board of directors effective June 3, 2020. Hand has over 25 years of experience in sales and marketing, including leadership roles at major telecom companies. She previously served as an independent board member at Manitoba Telecom Services. Ooma's CEO, Eric Stang, emphasized that Hand's expertise in cloud services will enhance the company's strategic focus and improve sales across its business segments, particularly for larger enterprises through Ooma Office Pro and Ooma Enterprise.
Ooma will participate in the William Blair 40th Annual Growth Stock Conference, held virtually from June 9-11, 2020. CEO Eric Stang and CFO Ravi Narula are scheduled to present on June 10 at 4:40 p.m. Central time. The presentation will be available via live audio webcast, with a replay accessible on Ooma's Investor Relations page. Ooma offers a smart cloud-based platform for businesses and consumers, featuring advanced voice and collaboration tools along with a residential phone service that provides HD voice quality and smart security solutions.
Ooma, Inc. (NYSE: OOMA) reported Q1 FY2021 results, showing 19% revenue growth to $40.3 million. Subscription revenues comprised 93% of total revenue at $37.6 million, boosted by 22% growth in Ooma Business and Residential services. The company reduced its GAAP net loss to $1.1 million with a loss per share of $0.05, improved from $4.7 million and $0.23 per share last year. Non-GAAP net income was $2.4 million or $0.11 per share, with adjusted EBITDA rising to $3.0 million.
Ooma, Inc. (NYSE: OOMA) will release financial results for Q1 ending April 30, 2020, on May 26, 2020, after market close. A conference call for analysts and investors will take place at 5:00 p.m. ET on the same day. Participants can join by calling +1 (833) 513-0546 in the U.S. or +1 (778) 560-2568 internationally, using conference ID 7219915. The webcast will be available on Ooma's investor relations site and a replay will be accessible from May 26 to June 2, 2020. Ooma provides advanced communication solutions and smart security for business and residential customers.
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