Financial Data and Key Metrics Changes - Q2 revenue was $64.1 million, up 10% year-over-year, and non-GAAP net income was $4.1 million, exceeding guidance [6][14] - Cash flow from operations was $7.1 million, nearly double that of Q1 and Q2 of the previous year [7] - Total subscription and services revenue was $59.6 million, or 93% of total revenue, compared to $54.7 million, or 94% in the prior year [15] Business Line Data and Key Metrics Changes - Business subscription and services revenue grew 15% year-over-year in Q2, driven by user growth and the addition of 2600Hz [15] - Ooma Office saw increased user engagement with 58% of new office users opting for higher-tier services, up from 55% in the prior quarter [16] - Ooma AirDial closed more new customers than any previous quarter, with significant sales momentum [9] Market Data and Key Metrics Changes - The residential market opportunity is expanding as POTS lines increase in cost and begin to sunset, with Ooma Telo positioned as a replacement solution [12] - The 2600Hz platform is experiencing expanded customer interest both domestically and internationally, driven by market dynamics [10] Company Strategy and Development Direction - The company is reaching a turning point to capitalize on previous investments and market opportunities, aiming for increased bottom-line results [13] - Ooma is focused on diversifying its offerings across business solutions, wholesale, and POTS replacement, with a strategic emphasis on growth in all areas [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarters, highlighting new customer relationships and the potential for significant growth [21] - The company anticipates a strong pipeline of opportunities, particularly with large customer wins expected to contribute to growth [34] Other Important Information - The company reduced its debt by $3 million in Q2, bringing the total outstanding debt to $8.5 million [19] - Annual exit recurring revenue grew to $233 million, up 8% year-over-year, with a gross margin of 72% [16][51] Q&A Session Summary Question: Updates on the sales cycle or install pace for AirDial customers - Management noted that larger customers often start with proof of concepts before full rollout, while smaller customers can be installed quickly [22] Question: Impact of the Top 10 service provider selling AirDial and Telo - Management indicated that both offerings are significant opportunities, but specific guidance on future impacts was not provided [23][24] Question: Guidance on adjusted net income for upcoming quarters - Management explained that anticipated churn and one-time revenue impacts were factored into the guidance [25][26] Question: Pipeline focus between wholesale and CPaaS customers - The pipeline is currently more skewed towards wholesale opportunities, with ongoing developments in the CPaaS model [30] Question: Update on the large 2600Hz customer rollout - The customer is expected to launch in beta in September, with a full rollout anticipated by year-end [44] Question: Size of the residential and enterprise opportunity with the local carrier - Management refrained from providing specific numbers but indicated that the opportunity is substantial given the carrier's size [45] Question: Update on UScellular and T-Mobile partnerships - Both partnerships are progressing well, with T-Mobile fully embracing AirDial and UScellular beginning to sell Ooma Office [50]

Company Performance - Ooma reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, and showing an increase from $0.14 per share a year ago, representing an earnings surprise of 7.14% [1] - The company posted revenues of $64.13 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 2.25%, and up from $58.35 million year-over-year [2] - Over the last four quarters, Ooma has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Ooma shares have declined approximately 15.8% since the beginning of the year, while the S&P 500 has gained 17.8% [3] - The current Zacks Rank for Ooma is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $63.1 million, and for the current fiscal year, it is $0.57 on revenues of $251.96 million [7] - The outlook for the Communication - Components industry, where Ooma operates, is strong, currently ranking in the top 5% of over 250 Zacks industries, suggesting potential for outperformance [8]

The upcoming report from Ooma (OOMA) is expected to reveal quarterly earnings of $0.14 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $62.72 million, representing an increase of 7.5% year over year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a comp ...

NEW YORK, June 25, 2024 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Ooma, Inc. (NYSE: OOMA) concerning possible breaches of fiduciary duty. To obtain additional information, go to: https://zlk.com/compensation2/ooma-inc-lawsuit-submission-form or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecti ...

Shares of Ooma (OOMA) have gained 13.4% over the past four weeks to close the last trading session at $8.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $14.80 indicates a potential upside of 71.5%. The average comprises five short-term price targets ranging from a low of $14 to a high of $16, with a standard deviation of $0.76. While the lowest estimate indicates an increas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37493 Ooma, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organiza ...

Ooma (OOMA) closed the last trading session at $8.67, gaining 21.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $15.60 indicates a 79.9% upside potential. The average comprises five short-term price targets ranging from a low of $14.50 to a high of $18, with a standard deviation of $1.47. While the lowest estimate indicates an increase of 67.2% from the current price level, the ...

Ooma, Inc. (OOMA) , a smart communications platform for businesses and consumers, has announced significant updates to its Ooma Office business phone and communications service. These enhancements are designed to bolster customer engagement and team collaboration for small-to-medium-sized businesses (SMBs). Ooma Office is a scalable and affordable service. The latest updates aim to help SMBs compete more effectively with larger enterprises. Key features now available include a "Contact Us" widget, an auto-d ...

Ooma, Inc. (NYSE:OOMA) Q1 2025 Earnings Conference Call May 28, 2024 5:00 PM ET Company Participants Matt Robison - Director, Investor Relations & Corporate Development Eric Stang - Chief Executive Officer Shig Hamamatsu - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Brian Kinstlinger - Alliance Global Partners Josh Nichols - B. Riley Matthew Harrigan - Benchmark Patrick Walravens - Citizens JMP Operator Good day, and thank you for standing by. Welcome to the Ooma F ...

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Ooma (OOMA) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non- recur ...