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Stock impact report

Ooma Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Ooma, Inc. (OOMA) 
Last ooma, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.ooma.com
Company Research Source: Business Wire
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, 2024.Fourth Quarter Fiscal 2024 Financial Highlights:Revenue: Total revenue was $61.7 million, up 9% year-over-year. Subscription and services revenue increased to $58.0 million from $52.6 million in the fourth quarter of fiscal 2023, and was 94% of total revenue, primarily driven by the growth of Ooma Business and the acquisition of 2600hz, Inc. (“2600Hz”).Net Income/Loss: GAAP net loss was $3.1 million, or $0.12 per basic and diluted share, compared to GAAP net loss of $0.4 million, or $0.02 per basic and diluted share, in the fourth quarter of fiscal 2023. Non-GAAP net income was $3.5 million, or $0.13 per diluted share, compared to non-GAAP net income of $4.1 million, or $0.16 per diluted share in the prior year period.Adjusted EBITDA: Adjusted EBITDA was $5.2 million Show less Read more
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