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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. has announced the integration of its Ooma Office business phone service with Intuit QuickBooks, a leading global financial technology platform. This integration allows the Ooma Office desktop app to instantly display customer information from QuickBooks Online during inbound and outbound calls, including customer name, recent invoices, outstanding balances, and notes. The feature, known as Caller ID Pop, empowers employees to provide personalized customer service.
Key benefits include:
- Instant access to customer data during calls
- Ability to update customer notes directly in the Caller ID Pop
- One-click access to open customer records in QuickBooks
The integration is available in the United States and Canada, included at no extra cost in the Ooma Office Pro Plus service plan.
Ooma, Inc. has enhanced its Ooma AirDial® POTS replacement solution with Call Alerts, allowing up to 10 recipients to receive SMS or email notifications when calls are placed on AirDial-connected lines. This feature is particularly useful for emergency situations, such as calls from elevator phones or fire alarm panels. Call Alerts can be easily managed through AirDial's Remote Device Management web portal.
Other recent additions to AirDial include Embedded Multi-Carrier Support, Parent/Child Accounts for managing multiple locations, Export of Call Logs, and an Insights View for monitoring device status. Ooma AirDial also features unique MultiPath technology for uninterrupted calls and is designed to replace rapidly phasing out analog copper-wire phone lines while offering advanced features and improved management capabilities.
Ooma has announced the integration of its Ooma Office business phone service with Square. This integration allows users to view Square's Customer Directory information, such as customer names, purchase history, and appointments, through the Ooma Office desktop app.
This feature appears in a caller ID pop-up during calls, streamlining access to customer information and enhancing personalized customer interactions. Additionally, users can easily update customer details in the Square Customer Directory with a single click.
Ooma Office, a cloud-based phone service available in the US and Canada, offers over 50 features tailored to businesses of various sizes, including virtual receptionists, videoconferencing, and CRM integrations. The integration with Square is part of the Ooma Office Pro Plus service plan at no extra cost.
Ooma has announced new features for its Ooma Office business phone and communications service to enhance customer engagement and team collaboration. These features include a 'Contact Us' widget, an auto dialer, scheduled SMS messages, Call Park on desktop and mobile apps, an online whiteboard for videoconferences, and team chat on the mobile app. Ooma Office offers three pricing tiers with no contracts required: Essentials at $19.95 per user/month, Pro at $24.95 per user/month, and Pro Plus at $29.95 per user/month, exclusive of taxes and fees. All new features are available in the Pro Plus tier, with some available in the Pro tier. These additions aim to provide small-to-medium-sized businesses with tools typically reserved for larger organizations, enhancing productivity and communication.
Ooma (NYSE: OOMA) announced its fiscal first-quarter 2025 financial results, reporting total revenue of $62.5 million, a 10% year-over-year increase. Subscription and services revenue reached $58.4 million, making up 93% of total revenue, driven by Ooma Business and the acquisition of 2600hz.
GAAP net loss was $2.1 million ($0.08 per share), versus $0.3 million ($0.01 per share) in Q1 2024. Non-GAAP net income was $3.6 million ($0.14 per share), compared to $4.0 million ($0.16 per share) last year. Adjusted EBITDA improved to $5.0 million from $4.8 million in Q1 2024.
Ooma's outlook for Q2 2025 includes revenue of $62.5-$63.0 million, GAAP net loss of $2.2-$2.5 million, and Non-GAAP net income of $3.6-$3.9 million. For FY 2025, revenue is forecasted at $250.7-$253.0 million, with a GAAP net loss of $7.7-$8.7 million, and Non-GAAP net income of $15.0-$16.0 million.
Ooma highlighted significant growth in business services revenue, higher operational cash flow, debt reduction, new reseller partners, and the launch of AirDial in Canada as key achievements for the quarter.
Ooma, a smart communications platform for businesses and consumers, announced its participation in the 44th Annual William Blair Growth Stock Conference. The event will take place on June 4, 2024, in Chicago, Illinois, featuring Ooma's CEO Eric Stang and CFO Shig Hamamatsu. The conference will include investor meetings but no public presentation or webcast. Interested parties are advised to contact their William Blair & Company sales representative for further details and opportunities to schedule meetings.
Ooma, Inc. (NYSE: OOMA) will release its financial results for the first quarter ending April 30, 2024, on May 28, 2024. The company will host a conference call for analysts and investors at 5:00 p.m. Eastern time on the same day.
Ooma, Inc. announced the availability of Ooma AirDial, a POTS replacement solution, in Canada. With the phasing out of POTS in Canadian provinces and the plans for copper network decommissioning by Bell Canada and TELUS, businesses face challenges. Ooma AirDial offers analog-to-digital phone service for businesses relying on POTS lines, providing a turnkey replacement solution with hardware, software, wireless connectivity, and regulatory compliance.
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