Ooma (OOMA) Tops Q4 EPS by 2c, Offers Guidance

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Go back to Ooma (OOMA) Tops Q4 EPS by 2c, Offers Guidance

Ooma Reports Fourth Quarter and Fiscal Year 2023 Financial Results

March 2, 2023 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 fourth quarter and year ended January 31, 2023.

Fourth Quarter Fiscal 2023 Financial Highlights:

Revenue: Total revenue was $56.5 million, up 12% year-over-year. Subscription and services revenue increased to $52.6 million from $45.8 million in the fourth quarter of fiscal 2022, and was 93% of total revenue, primarily driven by the growth of Ooma Business and the acquisition of OnSIP. Net Income/Loss: GAAP net loss was $0.4... More