Ooma, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
December 05, 2023 at 04:15 pm EST
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Ooma, Inc. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported revenue was USD 59.86 million compared to USD 56.68 million a year ago. Net income was USD 2.29 million compared to net loss of USD 2.81 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to diluted loss per share from continuing operations of USD 0.11 a year ago.
For the nine months, revenue was USD 175.06 million compared to USD 159.67 million a year ago. Net income was USD 2.23 million compared to net loss of USD 3.24 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to diluted loss per share from continuing operations of USD 0.13 a year ago.
Ooma, Inc. provides communications services and related technologies to the businesses of all sizes and residential customers through a smart cloud-based software as a service platform. For businesses, the Company delivers advanced voice and collaboration features, including messaging, intelligent virtual attendants and video conferencing. It offers a range of solutions to fit each business needs, along with personalized support to resolve any issues in deploying and maintaining Ooma services. Its solutions include Ooma Office, Ooma Enterprise, Ooma AirDial and OnSIP collectively as Ooma Business. Ooma Office is a cloud-based multi-user communications system for small and medium-sized businesses designed to manage communications in and out of the office. Ooma Office Pro offers HD video conferencing (Ooma Meetings), call recording, call analytics and caller info match, among others. Ooma Enterprise is a unified-communications-as-a-service (UCaaS) solution that complements Ooma Office.
OOMA, INC. 
