Ooma (OOMA) Tops Q3 EPS by 2c

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Go back to Ooma (OOMA) Tops Q3 EPS by 2c

Ooma Reports Third Quarter Fiscal Year 2023 Financial Results

November 30, 2022 4:15 PM EST

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

Third Quarter Fiscal 2023 Financial Highlights:

Revenue: Total revenue was $56.7 million, up 15% year-over-year. Subscription and services revenue increased to $51.7 million from $44.7 million in the third quarter of fiscal 2022, and was 91% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net loss was $2.8 million, or $0.11 per basic and diluted... More