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Ooma, Inc. - OOMA STOCK NEWS

Welcome to our dedicated page for Ooma news (Ticker: OOMA), a resource for investors and traders seeking the latest updates and insights on Ooma stock.

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.

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Ooma, Inc. has announced the introduction of new management features for its Ooma AirDial, a comprehensive replacement for traditional POTS lines. Key updates include API integration for efficient workflow management, roles-based access for enhanced security, real-time call logs for troubleshooting, and the capability for temperature readings of devices. The AirDial solution simplifies the transition from legacy phone lines essential for safety and business systems, offering an integrated approach with cloud management. Despite the industry's shift away from POTS, Ooma aims to provide reliable alternatives that cater to critical communications needs.

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Ooma, Inc. has announced that its AirDial solution for POTS replacement has achieved key compliance milestones, ensuring safety and reliability for mission-critical devices. The AirDial, a wireless cellular network connection, is essential for devices such as fire alarms and elevator phones. Key milestones include certifications from the California State Fire Marshall, UL 864, and compatibility with major carriers like T-Mobile and AT&T. Designed to meet stringent life-safety codes, AirDial connects through a Managed Facility Voice Network, safeguarding data integrity. Ooma aims to provide a cost-effective alternative to traditional POTS lines while assuring regulatory compliance.

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Ooma, Inc., a leader in smart communications, has been awarded PCMag’s Business Choice Award for Best VoIP System for the tenth consecutive year. With an overall satisfaction score of 8.6 out of 10, Ooma surpasses its nearest competitor by half a point and exceeds the average satisfaction among 18 VoIP providers by 1.3 points. The award stems from PCMag’s annual survey, where Ooma also led in the likelihood to recommend category, scoring 8.8. Ooma Office services start at $19.95 per month per user, offering robust features aimed at small and medium businesses. This recognition reinforces Ooma's position in the competitive VoIP market.

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Ooma, Inc. (NYSE: OOMA) reported its financial results for Q4 and fiscal year 2023, with total revenue of $56.5 million, a 12% year-over-year increase. Subscription and services revenue rose to $52.6 million, comprising 93% of total revenue. The company recorded a GAAP net loss of $0.4 million and a non-GAAP net income of $4.1 million. Fiscal 2023 overall revenue stood at $216.2 million, with a GAAP net loss of $3.7 million. For Q1 FY 2024, Ooma expects revenue between $56.4 million and $56.9 million and a GAAP net loss between $0.6 million and $0.9 million.

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Ooma, a smart communications platform, will participate in the William Blair 7th Annual Tech Innovators Conference on March 15, 2023. The event will involve virtual 1-on-1 meetings throughout the day, featuring CEO Eric Stang and CFO Shig Hamamatsu. Interested parties can reach out to their William Blair & Company representative for details. Ooma offers cloud-based services for both businesses and consumers, including advanced voice features and HD voice quality for residential phones. For more information, visit ooma.com.

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Ooma, Inc. (NYSE: OOMA), a leading communications platform, will participate in the JMP Securities Technology Conference on March 7, 2023. The company will host a fireside chat presentation from 11:00 a.m. to 11:25 a.m. Pacific time, featuring CEO Eric Stang and CFO Shig Hamamatsu. The conference will take place at the Ritz-Carlton, San Francisco, with meetings scheduled throughout the day. The presentation will be available via live audio webcast on Ooma’s Investor Relations page, and a replay will be accessible for 90 days. Interested attendees should contact their JMP Securities representative for details.

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Ooma, Inc. (NYSE: OOMA) will disclose its financial results for the fourth quarter and fiscal year ending January 31, 2023 after market hours on March 2, 2023. A conference call for analysts and investors is scheduled for 5:00 p.m. Eastern time that same day. Interested parties can join via phone or access a live webcast on Ooma's investor relations website. The results will be available on the company's site before the call and a replay will be accessible shortly after, lasting until 11:59 p.m. Eastern time on March 9, 2023.

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Ooma, Inc. (NYSE: OOMA) announced its participation in the 25th Annual Needham Growth Conference on January 11, 2023. The fireside chat is scheduled from 3:45 p.m. to 4:25 p.m. Eastern time at the Lotte New York Palace hotel. CEO Eric Stang and CFO Shig Hamamatsu will represent the company. The presentation will be available as a live audio webcast and archived for 90 days on Ooma's Investor Relations website. Interested parties can contact Needham & Company for more details.

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Ooma, Inc. (NYSE: OOMA) reported financial results for Q3 FY2023, revealing a 15% increase in total revenue to $56.7 million compared to the previous year. Subscription and services revenue rose to $51.7 million, making up 91% of total revenue. GAAP net loss was $2.8 million or $0.11 per share, a decline from last year's $0.3 million loss. Non-GAAP net income stood at $3.5 million, or $0.14 per diluted share, up from $3.3 million in Q3 FY2022. Ooma anticipates revenue of $216.0-$216.3 million for FY2023, with a GAAP net loss of $4.0-$4.3 million.

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FAQ

What is the current stock price of Ooma (OOMA)?

The current stock price of Ooma (OOMA) is $14.37 as of December 20, 2024.

What is the market cap of Ooma (OOMA)?

The market cap of Ooma (OOMA) is approximately 379.9M.

What does Ooma, Inc. specialize in?

Ooma, Inc. specializes in providing free and low-cost telephone calling services in the U.S. and Canada, along with advanced cloud-based telephony services for consumers and businesses.

What is the Ooma Telo?

The Ooma Telo is a sophisticated device that, when connected to the internet, delivers free, high-quality calling with advanced features, turning an ordinary home phone into a smart phone.

What services does Ooma Office offer?

Ooma Office offers small business phone services, including voice, messaging, intelligent virtual attendants, and video conferencing, built on a robust SaaS and unified communications platform.

How does Ooma generate revenue?

Ooma generates revenue through the sale of subscriptions and additional services to its global customer base.

Has Ooma received any notable recognitions?

Yes, Ooma has been ranked the #1 home phone service for overall satisfaction and value for the last three consecutive years by a leading consumer research publication.

What are the key features of Ooma's services?

Key features include high-definition voice quality, advanced functionality, and integration with mobile devices, supported by a multi-tenant cloud service and sophisticated calling platforms.

Does Ooma cater to international customers?

Yes, Ooma's advanced cloud-based telephony services cater to a global customer base.

What recent achievements have Ooma accomplished?

Ooma has recently expanded its services to include small business phone solutions with Ooma Office, gaining significant market recognition and customer satisfaction.

What is the importance of the Ooma Telo device?

The Ooma Telo device is central to Ooma's strategy, providing advanced features and high-quality, free calling, transforming traditional home phones into smart devices.

How do Ooma's services benefit small businesses?

Ooma's small business services offer comprehensive communication solutions, including voice, messaging, virtual attendants, and video conferencing, ensuring reliable and integrated communications.

Ooma, Inc.

NYSE:OOMA

OOMA Rankings

OOMA Stock Data

379.89M
24.91M
7.9%
73.12%
1.74%
Software - Application
Services-computer Processing & Data Preparation
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United States of America
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