Ooma (OOMA) Tops Q1 EPS by 2c, Offers Guidance
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Ooma Reports First Quarter Fiscal Year 2023 Financial Results
May 24, 2022 4:15 PM EDTSUNNYVALE, Calif.--(BUSINESS WIRE)-- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the fiscal first quarter ended April 30, 2022.
First Quarter Fiscal 2023 Financial Highlights:
Revenue: Total revenue was $50.3 million, up 10% year-over-year. Subscription and services revenue increased to $46.7 million from $42.0 million in the first quarter of fiscal 2022, and was 93% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net loss was $0.8 million, or $0.03 per basic and diluted... More