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 ...

Ooma Fiscal First Quarter 2025 Financial Results [Fiscal First Quarter 2025 Financial Highlights & CEO Remarks](index=1&type=section&id=Fiscal%20First%20Quarter%202025%20Financial%20Highlights%20%26%20CEO%20Remarks) Ooma reported Q1 FY2025 total revenue of $62.5 million, up 10% year-over-year, driven by 18% business services growth, achieving $3.6 million non-GAAP net income and $5.0 million Adjusted EBITDA Q1 FY2025 Financial Highlights (vs. Q1 FY2024) | Metric | Q1 FY2025 | Q1 FY2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $62.5 million | $56.9 million | +10% YoY | | Subscription & Services Revenue | $58.4 million | $53.0 million | +10.2% YoY | | GAAP Net Loss | ($2.1 million) | ($0.3 million) | Increased Loss | | Non-GAAP Net Income | $3.6 million | $4.0 million | -10% YoY | | Adjusted EBITDA | $5.0 million | $4.8 million | +4.2% YoY | - CEO Eric Stang highlighted key achievements and strategic progress in Q1[4](index=4&type=chunk) - **Business Growth:** Achieved **18% year-over-year growth** in business services revenue[4](index=4&type=chunk) - **Financial Health:** Cash flow from operations was significantly higher than the previous year, enabling a **$4.5 million debt paydown**[4](index=4&type=chunk) - **Strategic Initiatives:** Progress was made through feature expansion, adding new reseller partners, launching AirDial in Canada, and securing key customer wins[4](index=4&type=chunk) [Business Outlook](index=1&type=section&id=Business%20Outlook) Ooma provided Q2 FY2025 guidance projecting total revenue between $62.5 million and $63.0 million, and full-year revenue between $250.7 million and $253.0 million, with corresponding non-GAAP net income ranges Guidance for Q2 Fiscal 2025 (ending July 31, 2024) | Metric | Projected Range | | :--- | :--- | | Total Revenue | $62.5M - $63.0M | | GAAP Net Loss | ($2.2M) - ($2.5M) | | GAAP Net Loss per Share | ($0.08) - ($0.09) | | Non-GAAP Net Income | $3.6M - $3.9M | | Non-GAAP Net Income per Share | $0.13 - $0.14 | Guidance for Full Fiscal Year 2025 (ending Jan 31, 2025) | Metric | Projected Range | | :--- | :--- | | Total Revenue | $250.7M - $253.0M | | GAAP Net Loss | ($7.7M) - ($8.7M) | | GAAP Net Loss per Share | ($0.30) - ($0.33) | | Non-GAAP Net Income | $15.0M - $16.0M | | Non-GAAP Net Income per Share | $0.55 - $0.58 | [Financial Statements](index=6&type=section&id=Financial%20Statements) [Condensed Consolidated Balance Sheets](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of April 30, 2024, Ooma's total assets were $155.2 million, a slight decrease from $159.3 million, while total liabilities decreased to $74.2 million, primarily due to a $4.5 million debt reduction Balance Sheet Highlights (in thousands) | Account | April 30, 2024 | January 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $15,585 | $17,536 | | Total current assets | $57,382 | $63,679 | | Total assets | $155,235 | $159,253 | | Debt, net of current portion | $11,500 | $16,000 | | Total liabilities | $74,247 | $81,166 | | Total stockholders' equity | $80,988 | $78,087 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For Q1 FY2025, Ooma's total revenue grew 10% year-over-year to $62.5 million, but increased operating expenses led to a wider GAAP net loss of $2.1 million, or $0.08 per share Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 FY2025 (ended Apr 30, 2024) | Q1 FY2024 (ended Apr 30, 2023) | | :--- | :--- | :--- | | Total Revenue | $62,499 | $56,852 | | Subscription and services | $58,389 | $53,049 | | Gross Profit | $38,115 | $35,952 | | Total Operating Expenses | $40,852 | $36,560 | | Loss from Operations | ($2,737) | ($608) | | Net Loss | ($2,139) | ($326) | | Net Loss per Share | ($0.08) | ($0.01) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) In Q1 FY2025, Ooma generated $3.6 million in net cash from operating activities, a significant improvement, while financing activities used $3.8 million, primarily for a $4.5 million debt repayment Cash Flow Summary (in thousands) | Activity | Q1 FY2025 (ended Apr 30, 2024) | Q1 FY2024 (ended Apr 30, 2023) | | :--- | :--- | :--- | | Net cash provided by operating activities | $3,585 | $1,284 | | Net cash (used in) provided by investing activities | ($1,450) | $676 | | Net cash (used in) provided by financing activities | ($3,823) | $1,293 | | Net (decrease) increase in cash | ($1,688) | $3,253 | - Key financing activity included a **$4.5 million repayment of long-term debt** during the quarter[28](index=28&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=2&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) Ooma utilizes non-GAAP financial measures, such as non-GAAP net income and Adjusted EBITDA, to offer investors insight into its core business performance by excluding items like stock-based compensation and amortization of intangibles - The company uses non-GAAP measures to supplement GAAP results, believing they provide a better evaluation of core operating performance by excluding items like stock-based compensation, amortization of intangibles, restructuring costs, and non-recurring gains[12](index=12&type=chunk)[13](index=13&type=chunk)[14](index=14&type=chunk) Q1 FY2025 GAAP to Non-GAAP Reconciliation (in thousands) | Metric | GAAP Value | Adjustments | Non-GAAP Value | | :--- | :--- | :--- | :--- | | **Net Loss / Income** | | | | | GAAP Net Loss | ($2,139) | | | | Stock-based compensation | | $4,508 | | | Amortization of intangibles | | $1,484 | | | Restructuring costs | | $710 | | | Gain on note conversion | | ($980) | | | **Non-GAAP Net Income** | | | **$3,583** | | **Adjusted EBITDA** | | | | | GAAP Net Loss | ($2,139) | | | | Plus: Interest, Taxes, D&A, etc. | | $7,139 | | | **Adjusted EBITDA** | | | **$5,000** | [Ancillary Information](index=2&type=section&id=Ancillary%20Information) This section contains logistical and legal information, including details for the investor conference call and a standard 'Forward-Looking Statements' disclaimer outlining potential risks and uncertainties - The company hosted a conference call and webcast for analysts and investors on May 28, 2024, to discuss the financial results[9](index=9&type=chunk) - The press release contains forward-looking statements, including financial projections and CEO remarks, which are subject to risks and uncertainties. Key risks include inability to attract/retain customers, competition, and reliance on third-party vendors and service providers[17](index=17&type=chunk)[18](index=18&type=chunk) - Ooma describes itself as a provider of smart cloud-based communications platforms and services for businesses and consumers, offering features like advanced voice, messaging, and video meetings[20](index=20&type=chunk)

Ooma (OOMA) shares soared 6.4% in the last trading session to close at $7.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.7% loss over the past four weeks. Ooma’s focus on small business customers with simple, easy-to-use interfaces that can be implemented quickly without IT support for an integrated business connectivity solution is likely to drive healthy growth momentum. Its low-cost fixed line that reportedly offers fa ...