Ooma (OOMA) Tops Q2 EPS by 2c; Guides Above the Street

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Ooma Reports Second Quarter Fiscal Year 2023 Financial Results

September 1, 2022 4:15 PM EDT

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the fiscal second quarter ended July 31, 2022.

Second Quarter Fiscal 2023 Financial Highlights:

Revenue: Total revenue was $52.7 million, up 12% year-over-year. Subscription and services revenue increased to $48.0 million from $43.5 million in the second quarter of fiscal 2022, and was 91% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net income was $0.3 million, or $0.01 per basic and diluted... More