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Ooma(OOMA) - 2026 Q1 - Quarterly Results
OOMAOoma(OOMA)2025-05-28 20:16
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Financial Performance - Ooma reported total revenue of 65.0millionforQ1fiscal2026,representinga465.0 million for Q1 fiscal 2026, representing a 4% year-over-year increase[5]. - Non-GAAP net income for the quarter was 5.6 million, or 0.20perdilutedshare,comparedto0.20 per diluted share, compared to 3.6 million, or 0.14perdilutedshareintheprioryear[5].−AdjustedEBITDAincreasedto0.14 per diluted share in the prior year[5]. - Adjusted EBITDA increased to 6.7 million, up from 5.0millioninQ1fiscal2025,reflectinga335.0 million in Q1 fiscal 2025, reflecting a 33% year-over-year growth[5]. - Subscription and services revenue accounted for 93% of total revenue, increasing to 60.3 million from 58.4millioninthesamequarterlastyear[5].−RevenueforthethreemonthsendedApril30,2025,was58.4 million in the same quarter last year[5]. - Revenue for the three months ended April 30, 2025, was 65,029,000, an increase of 4.9% compared to 62,499,000forthesameperiodin2024[27].−GAAPgrossprofitforthesameperiodwas62,499,000 for the same period in 2024[27]. - GAAP gross profit for the same period was 40,209,000, up from 38,115,000,resultinginaGAAPgrossmarginof6238,115,000, resulting in a GAAP gross margin of 62%[27]. - Non-GAAP gross profit increased to 41,161,000 from 39,175,000,maintainingaNon−GAAPgrossmarginof6339,175,000, maintaining a Non-GAAP gross margin of 63%[27]. - The company reported a GAAP net loss of 141,000 for the three months ended April 30, 2025, significantly improved from a net loss of 2,139,000inthesameperiodof2024[27].−Non−GAAPnetincomefortheperiodwas2,139,000 in the same period of 2024[27]. - Non-GAAP net income for the period was 5,640,000, compared to 3,583,000forthesameperiodin2024[27].−AdjustedEBITDAforthethreemonthsendedApril30,2025,was3,583,000 for the same period in 2024[27]. - Adjusted EBITDA for the three months ended April 30, 2025, was 6,668,000, an increase from 5,000,000intheprioryear[27].FutureProjections−OomaexpectstotalrevenueforQ2fiscal2026tobeintherangeof5,000,000 in the prior year[27]. Future Projections - Ooma expects total revenue for Q2 fiscal 2026 to be in the range of 65.5 million to 66.1million[6].−Forthefullfiscalyear2026,Oomaanticipatestotalrevenuebetween66.1 million[6]. - For the full fiscal year 2026, Ooma anticipates total revenue between 267 million and 270million[6].AssetManagement−TotalcurrentassetsasofApril30,2025,were270 million[6]. Asset Management - Total current assets as of April 30, 2025, were 57.3 million, compared to 56.2millionasofJanuary31,2025[22].−Ooma′stotalassetsdecreasedslightlyto56.2 million as of January 31, 2025[22]. - Ooma's total assets decreased slightly to 148.8 million from 149.2millionattheendofthepreviousquarter[22].−Cashandcashequivalentsattheendoftheperiodwere149.2 million at the end of the previous quarter[22]. - Cash and cash equivalents at the end of the period were 18,988,000, up from 15,848,000attheendofthesameperiodin2024[26].−Netcashprovidedbyoperatingactivitieswas15,848,000 at the end of the same period in 2024[26]. - Net cash provided by operating activities was 3,703,000, compared to 3,585,000forthesameperiodin2024[26].StockandCompensation−Thecompanyissuedcommonstock,generatingproceedsof3,585,000 for the same period in 2024[26]. Stock and Compensation - The company issued common stock, generating proceeds of 2,288,000, compared to 1,417,000intheprioryear[26].−Thecompanyincurredstock−basedcompensationexpenseof1,417,000 in the prior year[26]. - The company incurred stock-based compensation expense of 3,936,000, slightly down from 4,363,000inthesameperiodof2024[26].CustomerAcquisition−Thecompanyaddedover30AirDialresellersandsecuredfournewcustomersforits2600Hzsolutionduringthequarter[4].LossImprovement−GAAPnetlossforQ1fiscal2026was4,363,000 in the same period of 2024[26]. Customer Acquisition - The company added over 30 AirDial resellers and secured four new customers for its 2600Hz solution during the quarter[4]. Loss Improvement - GAAP net loss for Q1 fiscal 2026 was 0.1 million, or 0.01pershare,animprovementfromalossof0.01 per share, an improvement from a loss of 2.1 million, or $0.08 per share, in Q1 fiscal 2025[5].