Ooma (OOMA) Tops Q1 EPS by 2c, Offers Guidance
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Ooma Reports Fiscal First Quarter 2024 Financial Results
May 23, 2023 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, 2023.
Fiscal First Quarter 2024 Financial Highlights:
Revenue: Total revenue was $56.9 million, up 13% year-over-year. Subscription and services revenue increased to $53.0 million from $46.7 million in the first quarter of fiscal 2023, 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 $0.3 million, or... More