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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, a leading communications platform, has announced new features to enhance hotel guest experiences and employee productivity through its Ooma Enterprise unified communications service. The integration with over 70 property management systems, powered by Jazzware, allows for custom phone messages, wake-up greetings in multiple languages, and staff notifications. These upgrades aim to streamline operations and improve service quality, positioning Ooma as a vital tool in the hospitality industry. The partnership is anticipated to drive higher revenue and repeat visits for hotels.
Ooma, a smart communications platform (NYSE: OOMA), will participate in the JMP Securities Technology Conference on March 8, 2022. The presentation will feature CEO Eric Stang and CFO Shig Hamamatsu from 5:00 p.m. to 5:25 p.m. ET at The Ritz-Carlton, San Francisco. Attendees can watch the live webcast on Ooma's Investor Relations page. In addition, the executives will meet with investors during the conference. Ooma specializes in cloud-based communications solutions for businesses and residential customers.
Ooma, Inc. (NYSE: OOMA) plans to release its fourth quarter and fiscal year financial results for the period ending
Ooma, Inc. (NYSE: OOMA) will participate in the 24th Annual Needham Growth Conference with a presentation and investor meetings on January 10, 2022. The fireside chat is scheduled from 5:00 p.m. to 5:40 p.m. ET. Ooma CEO Eric Stang and CFO Shig Hamamatsu will present via a virtual webcast. The event will be accessible for 90 days on Ooma's Investor Relations page. Additionally, the executives will hold virtual meetings with investors. For inquiries, contact Needham & Company.
Ooma, Inc. (NYSE: OOMA) reported its fiscal Q3 2022 results, showing a 14% year-over-year revenue growth at $49.2 million. Subscription revenue reached $44.7 million, constituting 91% of total revenue. The GAAP net loss narrowed to $0.3 million, while non-GAAP net income rose to $3.3 million. Adjusted EBITDA increased to $4.0 million. For Q4 2022, Ooma forecasts revenue between $49.7 million and $50.2 million, with expected losses narrowing. The company attributes growth to business customer subscriptions and new product launches, including Ooma AirDial.
Ooma, a smart communications platform, has enhanced its Ooma Office service with new features, including Call Analytics. This upgrade enables businesses to track call volume by day and time, assisting in staffing and productivity analysis. Other features include expanded call management in the Ooma Office mobile app, integration with Google and Microsoft contacts, and improvements to voice call quality. Plans for Ooma Office start at $19.95 per month per user. This innovation aims to provide small and medium-sized businesses with affordable advanced telecommunications functionalities.
Ooma, Inc. announced that its Continuous Voice™ feature of Ooma Connect received the 2021 TMC Labs INTERNET TELEPHONY Innovation Award. This award highlights innovative products that enhance communication technologies. Continuous Voice is a patented technology that ensures business call continuity through automatic failover between primary broadband and a wireless network, minimizing call interruptions. The service is available for $599.99 or $15 monthly rental, with service plans starting at $29.99/month. Ooma's commitment to IP communications is recognized through this prestigious award.
Ooma, Inc. (NYSE: OOMA) will announce its financial results for the third quarter ended October 31, 2021 on December 2, 2021, after market close. A conference call for investors is scheduled for 5:00 p.m. ET on the same day. The call will be accessible via telephone and webcast on Ooma's investor relations website. A replay will be available from 8:00 p.m. ET on December 2 until 11:59 p.m. ET on December 9.
Ooma, Inc. has launched Ooma AirDial, a solution designed to replace legacy analog phone services as they phase out. This product combines phone service, a T-Mobile data connection, and hardware for easy installation and management. With the number of POTS lines dropping significantly from 122 million in 2010 to 41 million by 2019, Ooma AirDial aims to offer businesses a cost-effective and compliant alternative. The service maintains a managed voice channel, meeting safety regulations. Ooma AirDial will preview at the Channel Partners Conference & Expo and is set for early 2022 availability.
Ooma, Inc. has appointed Shig Hamamatsu as the new Vice President, Chief Financial Officer, and Treasurer, effective September 7, 2021. Hamamatsu, who previously served as CFO at Accuray, brings over 25 years of financial governance experience. His track record includes enhancing capital structures and executing joint ventures that promote growth. CEO Eric Stang is optimistic about Hamamatsu’s potential contributions to Ooma’s growth and international expansion.
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