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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 fiscal Q1 2023 financial results with total revenue of $50.3 million, up 10% year-over-year. Subscription and services revenue increased to $46.7 million, representing 93% of total revenue, primarily driven by Ooma Business. The GAAP net loss narrowed to $0.8 million or $0.03 per share, while non-GAAP net income rose to $3.0 million or $0.12 per share. The company expects Q2 revenue between $51.4 million and $51.9 million and full-year revenue between $210.5 million and $213.5 million.
Ooma, a communications platform, launched Ooma Office Pro Plus, a new plan for its business communication service. Priced at
Ooma, Inc. (NYSE: OOMA) announced its participation in the William Blair 42nd Annual Growth Stock Conference on June 9, 2022. CEO Eric Stang and CFO Shig Hamamatsu will conduct a fireside chat from 8:40 a.m. to 9:10 a.m. Central Time at the Loews Chicago Hotel, with investor meetings scheduled throughout the day. The presentation will be live-streamed and available for replay for 90 days on Ooma's Investor Relations page.
Ooma, Inc. (NYSE: OOMA) has announced its participation in the Jefferies Software Conference on June 2, 2022. The event features a fireside chat presentation led by CEO Eric Stang and CFO Shig Hamamatsu from 10:00 a.m. to 10:25 a.m. PT. Investor meetings will take place throughout the day at the conference in San Francisco. The presentation will be available for live streaming and replay for 30 days on Ooma’s Investor Relations website. Interested parties should contact their Jefferies sales representative for further details.
Ooma, Inc. (NYSE: OOMA) will announce its financial results for Q1 2022 after market close on May 24, 2022. A conference call will follow at 5:00 p.m. Eastern time the same day for analysts and investors. The results will be accessible via Ooma's website prior to the call. Call-in details are provided for both U.S. and international participants. A telephonic replay will be available until May 31, 2022.
Ooma offers a cloud-based SaaS platform, delivering voice and collaboration tools for businesses and residential services.
Ooma, Inc. (NYSE: OOMA) announced its participation in the B. Riley Securities 22nd Annual Institutional Investor Conference on May 26, 2022, in Beverly Hills, California. CEO Eric Stang and CFO Shig Hamamatsu will engage in a fireside chat and hold individual investor meetings. This is a live, in-person-only event and will not be webcast. Ooma offers a cloud-based SaaS platform providing advanced communication services for both businesses and consumers, including voice and video conferencing capabilities. More information is available at www.ooma.com.
Ooma, Inc. has launched the Ooma Remote Device Manager, a web portal designed for monitoring its Ooma AirDial solution, which serves as a replacement for traditional copper phone lines (POTS). With this tool, users can track device status, wireless signal strength, and battery health from anywhere. The manager also sends notifications for critical events. Ooma AirDial aims to address the challenges posed by the phasing out of POTS lines, providing an affordable and comprehensive solution for businesses and critical applications.
Ooma, Inc. (NYSE: OOMA) announced a virtual Investor Day on April 14, 2022, from 1:00 p.m. to 3:00 p.m. Eastern time. During the event, Ooma's management team will provide insight into the company's marketplace, strategy, products, and financial outlook. There will be a Q&A session following the presentations. Interested participants can register and join the event via the company's Investor Relations website. The session will feature key executives including CEO Eric Stang and CFO Shig Hamamatsu.
Ooma, Inc. (NYSE: OOMA) has been awarded PCMag's Business Choice Award for Best VoIP System for the ninth consecutive year. This recognition highlights Ooma Office's superior performance in a competitive field, outshining nine other finalists including RingCentral and Microsoft. Ooma's voice services maintained a notable Net Promoter Score, outperforming competitors by 26%. The company continues to prioritize customer satisfaction and innovation, with service plans starting at $19.95 per user monthly.
Ooma, Inc. (NYSE: OOMA) announced its financial results for the fourth quarter and full fiscal year 2022. The company's total revenue rose to $50.5 million, a 14% increase year-over-year. Subscription and services revenue accounted for 91% of total revenue, reaching $45.8 million. GAAP net loss narrowed to $0.1 million from $0.6 million the previous year, while non-GAAP net income increased to $3.2 million. For fiscal 2023, Ooma projects total revenue between $209.5 million to $212.5 million, with GAAP net loss estimates of $4.9 million to $6.9 million.
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