Ooma, Inc. - OOMA STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

Ooma, a smart communications platform, has partnered with T-Mobile for Business to offer Ooma AirDial, a solution replacing traditional POTS lines. This collaboration aims to address the challenges posed by the phasing out of copper lines, providing a reliable and cost-effective alternative for businesses requiring voice services.

Ooma AirDial combines a base station with virtual phone service over T-Mobile's network, allowing remote management and compliance with regulatory requirements for safety systems. Ooma is optimistic about the partnership's potential to cut telecom costs for organizations.