Ooma (OOMA) Reports In-Line Q3 EPS, provides outlook

Ooma (NYSE: OOMA) reported Q3 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $59.9 million versus the consensus estimate of $59.45 million.

Business Outlook:

For the fourth quarter of fiscal 2024, Ooma expects:

Total revenue in the range of $61.2 million to $61.8 million, versus the consensus of $59.446 million
GAAP net loss in the range of $3.5 million to $3.8 million and GAAP net loss per share in the range of $0.13 to $0.14.
Non-GAAP net income in the range of $3.1 million to $3.4 million and non-GAAP net income per share in the range of $0.12 to $0.13.

For the full fiscal year 2024, Ooma expects:

Total revenue in the range of $236.3 million to $236.9 million, versus the consensus of $237.2 million.
GAAP net loss in the range of $1.2 million to $1.5 million, and GAAP net loss per share in the range of $0.04 to $0.05.
Non-GAAP net income in the range of $14.9 million to $15.2 million, and non-GAAP net income per share in the range of $0.57 to $0.58.

For earnings history and earnings-related data on Ooma (OOMA) click here.

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