Ooma(US:OOMA)2025-05-28 20:16Financial Performance - Ooma reported total revenue of $65.0 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 $0.20 per diluted share, compared to $3.6 million, or $0.14 per diluted share in the prior year[5]. - Adjusted EBITDA increased to $6.7 million, up from $5.0 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 $58.4 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 $62,499,000 for the same period in 2024[27]. - GAAP gross profit for the same period was $40,209,000, up from $38,115,000, resulting in a GAAP gross margin of 62%[27]. - Non-GAAP gross profit increased to $41,161,000 from $39,175,000, 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 $2,139,000 in the same period of 2024[27]. - Non-GAAP net income for the period was $5,640,000, compared to $3,583,000 for the same period in 2024[27]. - Adjusted EBITDA for the three months ended April 30, 2025, was $6,668,000, an increase from $5,000,000 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 $66.1 million[6]. - For the full fiscal year 2026, Ooma anticipates total revenue between $267 million and $270 million[6]. Asset Management - Total current assets as of April 30, 2025, were $57.3 million, compared to $56.2 million as of January 31, 2025[22]. - Ooma's total assets decreased slightly to $148.8 million from $149.2 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 $15,848,000 at the end of the same period in 2024[26]. - Net cash provided by operating activities was $3,703,000, compared to $3,585,000 for the same period in 2024[26]. Stock and Compensation - The company issued common stock, generating proceeds of $2,288,000, compared to $1,417,000 in the prior year[26]. - The company incurred stock-based compensation expense of $3,936,000, slightly down from $4,363,000 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 $0.01 per share, an improvement from a loss of $2.1 million, or $0.08 per share, in Q1 fiscal 2025[5].