Ooma, Inc. - OOMA STOCK NEWS

Ooma, Inc. (NYSE: OOMA) plans to release its fourth quarter and fiscal year financial results for the period ending January 31, 2022 after market close on March 3, 2022. A conference call for analysts and investors is scheduled for 5:00 p.m. Eastern time on the same day. The results will be accessible on the company's investor relations website prior to the call. Additionally, a telephonic replay will be available from 8:00 p.m. Eastern time on March 3 until 11:59 p.m. Eastern time on March 10.

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.

Ooma, Inc. (OOMA) reported fiscal Q2 2022 results with revenue of $47.1 million, up 14% year-over-year. Subscription and services revenue increased to $43.5 million and constituted 93% of total revenue. GAAP net loss stood at $0.4 million, unchanged from the previous year, while non-GAAP net income rose slightly to $3.3 million. Adjusted EBITDA improved to $4.1 million. For Q3, Ooma anticipates revenue between $47.8 million to $48.5 million, with projected GAAP net loss of $0.8 to $1.6 million. Full fiscal year guidance estimates revenue at $188.5 million to $190.0 million.