Relative Price Strength: A Smart Strategy Amid Market Turmoil
OOMA, ANIP, MATX, VIRT and EVER are five stocks with explosive relative price strength.
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Best Momentum Stocks to Buy for March 10th
CRDO, OOMA and PGR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 10, 2025.
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SONIFI, a Leading Provider of Hotel Technology, Selects Ooma for Phone and Communications Services
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a provider of advanced communications services for businesses and consumers, today announced that SONIFI, a leading provider of hotel technology, has selected Ooma phone and communications services to offer to SONIFI customers. SONIFI delivers Wi-Fi®, in-room entertainment and related services to more than a million rooms across 5,000 hotel properties around the world. For the first time, SONIFI is expanding into voice communications with offering.
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Ooma, Inc. (OOMA) Q4 2025 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q4 2025 Earnings Conference Call March 4, 2025 5:00 PM ET Corporate Participants Matt Robison - Director, IR and Corporate Development Eric Stang - Chief Executive Officer Shig Hamamatsu - Chief Financial Officer Conference Call Participants Alinda Li - William Blair Brian Kinstlinger - Alliance Global Partners Josh Nichols - B. Riley Max Michaelis - Lake Street Capital Markets Matthew Harrigan - The Benchmark Company Operator Thank you for standing by, and welcome to the OOma Inc., Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call.
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Compared to Estimates, Ooma (OOMA) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Ooma (OOMA) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Ooma (OOMA) Q4 Earnings and Revenues Beat Estimates
Ooma (OOMA) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.13 per share a year ago.
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Ooma Reports Fourth Quarter and Fiscal Year 2025 Financial Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a provider of advanced communications services for businesses and consumers, today released financial results for the fiscal fourth quarter and year ended January 31, 2025. Fourth Quarter Fiscal 2025 Financial Highlights: Revenue: Total revenue was $65.1 million, up 6% year-over-year. Subscription and services revenue increased to $60.6 million from $58.0 million in the fourth quarter of fiscal 2024, and was 93% of total revenue, prim.
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Unveiling Ooma (OOMA) Q4 Outlook: Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Ooma (OOMA) for the quarter ended January 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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Ooma Schedules Release of Fourth Quarter & Fiscal 2025 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a provider of advanced communications services for businesses and consumers, plans to release its financial results for the fourth quarter and fiscal year ended January 31, 2025 after the market closes on Tuesday, March 4, 2025. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m., Eastern time on March 4, 2025. The news release with the financial results will be accessible from the company'.
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Ooma Ups Guidance As Operating Leverage Improves (Upgrade)
Ooma has shown improved growth potential and operating results, with record revenue and debt paid off. The company operates in the cloud communications market, targeting SMBs and residential customers with services like home phone, business solutions, and videoconferencing. Financial trends reveal rising revenue, improved operating leverage, and strong operating cash flow, despite negative earnings per share and high stock-based compensation.
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All You Need to Know About Ooma (OOMA) Rating Upgrade to Strong Buy
Ooma (OOMA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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New Strong Buy Stocks for January 15th
BRLT, GCT, RMR, KMX and OOMA have been added to the Zacks Rank #1 (Strong Buy) List on January 15, 2025.
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Ooma to Virtually Present and Host Investor Meetings via the 27th Annual Needham Growth Conference on January 17
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: The 27th Annual Needham Growth Conference, presentation and investor meetings When: Presentation from 11:45 a.m. until 12:25 p.m. Eastern time on January 17, 2025, with meetings throughout the day Who: Ooma CEO Eric Stang and CFO Shig Hamamatsu Where: Virtual The presentation will be webcast as live audio and ava.
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Does Ooma (OOMA) Have the Potential to Rally 27.4% as Wall Street Analysts Expect?
The average of price targets set by Wall Street analysts indicates a potential upside of 27.4% in Ooma (OOMA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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Ooma (OOMA) is a Great Momentum Stock: Should You Buy?
Does Ooma (OOMA) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Ooma, Inc. (OOMA) Q3 2025 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q3 2025 Earnings Conference Call December 4, 2024 5:00 PM ET Company Participants Matt Robison - Director, IR and Corporate Development Eric Stang - CEO Shig Hamamatsu - CFO Conference Call Participants Josh Nichols - B. Riley Mike Latimore - Northland Capital Markets Eric Martinuzzi - Lake Street Capital Markets Matthew Harrigan - The Benchmark Company Brian Kinstlinger - Alliance Global Partners Operator Hello, and thank you for standing by.
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Ooma (OOMA) Surpasses Q3 Earnings and Revenue Estimates
Ooma (OOMA) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.15 per share a year ago.
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Ooma Reports Fiscal Third Quarter 2025 Financial Results
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, 2024. Fiscal Third Quarter 2025 Financial Highlights: Revenue: Total revenue was $65.1 million, up 9% year-over-year. Subscription and services revenue increased to $60.1 million from $55.9 million in the third quarter of fiscal 2024, and was 92% of total revenue, primarily driven by the growth.
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Ooma (OOMA) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Evaluate the expected performance of Ooma (OOMA) for the quarter ended October 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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Ooma to Attend the Northland Capital Markets Growth Conference (Virtual)
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: Northland Capital Markets Growth Conference, investor meetings (no public presentation or webcast) When: December 12, 2024, with meetings throughout the day Who: Ooma CEO Eric Stang and CFO Shig Hamamatsu Where: Virtual Interested parties should contact their Northland Capital Markets sales representative for fur.
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Ooma Schedules Release of Third Quarter Fiscal 2025 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the third quarter ended October 31, 2024 after the market closes on Wednesday, December 4, 2024. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m., Eastern time on December 4, 2024. The news release with the financial results will be accessible from the company's website prior to the c.
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Ooma AirDial, a POTS Replacement Solution, Adds Certifications and Boosts Regulatory Compliance
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced its Ooma AirDial solution for POTS replacement has added certifications and boosted regulatory compliance, giving customers greater assurance when choosing AirDial to connect life safety and physical security equipment such as fire alarms, elevator phones and building entry systems. Analog copper-wire phone lines, also known as Plain Old Telephone Service or POTS, are cu.
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Ooma (OOMA) Upgraded to Buy: What Does It Mean for the Stock?
Ooma (OOMA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Ooma, Inc. (OOMA) Q2 2025 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q2 2025 Earnings Call Transcript August 27, 2024 5:00 PM ET Company Participants Matt Robison - IR Eric Stang - CEO Shig Hamamatsu - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Mike Latimore - Northland Capital Markets Josh Nichols - B. Riley Eric Martinuzzi - Lake Street Capital Markets Matthew Harrigan - The Benchmark Company Operator Thank you for standing by, and welcome to Ooma's Second Quarter Fiscal Year 2025 Financial Results Conference Call.
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Ooma (OOMA) Q2 Earnings and Revenues Top Estimates
Ooma (OOMA) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.14 per share a year ago.
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Ooma Reports Fiscal Second Quarter 2025 Financial Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the fiscal second quarter ended July 31, 2024. Fiscal Second Quarter 2025 Financial Highlights: Revenue: Total revenue was $64.1 million, up 10% year-over-year. Subscription and services revenue increased to $59.6 million from $54.7 million in the second quarter of fiscal 2024, and was 93% of total revenue, primarily driven by the growth.
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Ooma to Attend the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: The Lake Street Capital Markets 8th Annual Best Ideas Growth Conference, investor meetings (no public presentation or webcast) When: September 12, 2024, with meetings throughout the day Who: Ooma CFO Shig Hamamatsu Where: New York Interested parties should contact their Lake Street Capital Markets sales represent.
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Curious about Ooma (OOMA) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Evaluate the expected performance of Ooma (OOMA) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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Ooma to Attend the 2024 Gateway Conference
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: 2024 Gateway Conference, presentation and investor meetings produced by the Gateway Group When: Presentation at 2:30 p.m. Pacific time on September 4, 2024, with meetings throughout the day Who: Ooma CEO Eric Stang and Ooma CFO Shig Hamamatsu Where: The Four Seasons Hotel, San Francisco The presentation will be w.
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Ooma to Attend the 15th Annual Midwest IDEAS Conference
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: 15th Annual Midwest IDEAS Conference, presentation and investor meetings When: Presentation (fireside chat) at 3:30 p.m. until 4:05 p.m. Central time on August 29, 2024, with meetings throughout the day Who: Ooma CEO Eric Stang and Ooma CFO Shig Hamamatsu Where: The Gwen Hotel, Chicago The presentation will be we.
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Ooma, Inc. (NYSE: OOMA)
NEW YORK , June 25, 2024 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Ooma, Inc. (NYSE: OOMA) concerning possible breaches of fiduciary duty. To obtain additional information, go to: https://zlk.com/compensation2/ooma-inc-lawsuit-submission-form or contact Joseph E.
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Wall Street Analysts Predict a 71.49% Upside in Ooma (OOMA): Here's What You Should Know
The mean of analysts' price targets for Ooma (OOMA) points to a 71.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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3 Communication Stocks Set to Ride on Fiber & Cloud Thrust
Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, HLIT and OOMA are well-positioned to make the most of the demand for seamless connectivity solutions.
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Ooma Office Phone Service Now Integrates with Square, Delivering More Personal Customer Experiences
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced the integration of its Ooma Office business phone service with Square, the globally trusted software, payments and hardware solution for businesses of all sizes. With the Ooma Office and Square integration (https://www.ooma.com/small-business-phone-systems/integrations/square/), users of the Ooma Office desktop app can view information from the Square Customer Directory.
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How Much Upside is Left in Ooma (OOMA)? Wall Street Analysts Think 79.93%
The consensus price target hints at a 79.9% upside potential for Ooma (OOMA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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OOMA Boosts Communications for SMBs With Ooma Office Upgrade
The latest updates in Ooma (OOMA) Office aim to help SMBs compete more effectively with larger enterprises.
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Ooma Office Adds Powerful New Communications Features to Drive Customer Engagement and Team Collaboration
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced that its Ooma Office business phone and communications service has added powerful new features for engaging with customers and driving team collaboration, including a contact us widget, an auto dialer and online whiteboards for videoconferences. Ooma Office (https://www.ooma.com/small-business-phone-systems/), named by PCMag earlier this year as the Business Choice award.
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Ooma, Inc. (OOMA) Q1 2025 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q1 2025 Earnings Conference Call May 28, 2024 5:00 PM ET Company Participants Matt Robison - Director, Investor Relations & Corporate Development Eric Stang - Chief Executive Officer Shig Hamamatsu - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Brian Kinstlinger - Alliance Global Partners Josh Nichols - B. Riley Matthew Harrigan - Benchmark Patrick Walravens - Citizens JMP Operator Good day, and thank you for standing by.
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Ooma (OOMA) Q1 Earnings and Revenues Surpass Estimates
Ooma (OOMA) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.16 per share a year ago.
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Ooma Reports Fiscal First Quarter 2025 Financial Results
SUNNYVALE, 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, 2024. Fiscal First Quarter 2025 Financial Highlights: Revenue: Total revenue was $62.5 million, up 10% year-over-year. Subscription and services revenue increased to $58.4 million from $53.0 million in the first quarter of fiscal 2024, and was 93% of total revenue, primarily driven by the growth o.
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Ooma to Attend the 44th Annual William Blair Growth Stock Conference
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: The 44th Annual William Blair Growth Stock Conference, investor meetings (no public presentation or webcast) When: June 4, 2024, with meetings throughout the day Who: Ooma CEO Eric Stang and Ooma CFO Shig Hamamatsu Where: Chicago, Illinois Interested parties should contact their William Blair & Company sales.
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Strength Seen in Ooma (OOMA): Can Its 6.4% Jump Turn into More Strength?
Ooma (OOMA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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3Phase, a Leading Independent Elevator Service Company, Selects Ooma AirDial for POTS Replacement
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced that 3Phase, a leading independent elevator service company maintaining 28,000 elevators nationwide, has selected Ooma AirDial® as the exclusive POTS replacement solution to recommend to its customers. Ooma AirDial (https://www.ooma.com/airdial/) provides turnkey replacement for copper-wire plain old telephone service (POTS) lines used by mission-critical equipment such.
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Ooma Office Wins PCMag 2024 Business Choice Award For VoIP Service
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced the company's Ooma Office phone service has won PCMag's prestigious Business Choice Awards for Overall VoIP Service as well as for IT-Managed Voice Service. The award (https://www.pcmag.com/articles/business-choice-2024-top-voip-services-for-your-office) is based on the magazine's annual Business Choice survey of its readers, with Ooma emerging as the top provider of VoI.
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Ooma, Inc. (OOMA) Q4 2024 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA) Q4 2024 Results Conference Call March 5, 2024 5:00 PM ET
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Ooma (OOMA) Beats Q4 Earnings and Revenue Estimates
Ooma (OOMA) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.16 per share a year ago.
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Ooma Reports Fourth Quarter and Fiscal Year 2024 Financial Results
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.
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Ooma Schedules Release of Fourth Quarter & Fiscal 2024 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the fourth quarter and fiscal year ended January 31, 2024 after the market closes on Tuesday, March 5, 2024. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m., Eastern time on March 5, 2024. The news release with the financial results will be accessible from the company's website prior.
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Ooma to Virtually Host Investor Meetings via the 26th Annual Needham Growth Conference on January 16
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: The 26th Annual Needham Growth Conference, one-on-one investor meetings When: January 16, 2024 with meetings to be held throughout the day Who: Ooma CEO Eric Stang and Ooma CFO Shig Hamamatsu Where: Virtual Interested parties should contact their Needham & Company sales representative for further details and.
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Here's What Key Metrics Tell Us About Ooma (OOMA) Q3 Earnings
The headline numbers for Ooma (OOMA) give insight into how the company performed in the quarter ended October 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Ooma Office Business Phone Service Now Integrates with Legal Practice Management Leader, Clio
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma Office Business Phone Service Now Integrates with Legal Practice Management Leader, Clio.
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Ooma, Inc. (OOMA) Q3 2024 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q3 2024 Results Conference Call December 5, 2023 5:00 PM ET Company Participants Matt Robison - Director, IR and Corporate Development Eric Stang - CEO Shig Hamamatsu - CFO Conference Call Participants Mike Latimore - Northland Capital Markets Erik Suppiger - JMP Securities Josh Nichols - B. Riley Brian Kinstlinger - Alliance Global Partners Matthew Harrigan - Benchmark Arjun Bhatia - William Blair Operator Hello, and welcome to Ooma Third Quarter Fiscal Year 2024 Financial Results.
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Ooma (OOMA) Q3 Earnings Match Estimates
Ooma (OOMA) came out with quarterly earnings of $0.15 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.14 per share a year ago.
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Ooma Reports Fiscal Third Quarter 2024 Financial Results
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, 2023. Fiscal Third Quarter 2024 Financial Highlights: Revenue: Total revenue was $59.9 million, up 6% year-over-year. Subscription and services revenue increased to $55.9 million from $51.7 million in the third quarter of fiscal 2023, and was 93% of total revenue, primarily driven by the growth.
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Ooma Adds Patented MultiPath Technology to Ooma AirDial, Allowing Uninterrupted Backup for POTS Replacement
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced that the Ooma AirDial® solution for POTS replacement now incorporates Ooma's MultiPath technology, a unique and patented feature that allows uninterrupted backup for life-safety devices such as fire alarm panels and elevator phones. MultiPath, available now to all AirDial customers, creates a continuous dual connection between AirDial and the Public Switched Telephone Ne.
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2600Hz, an Ooma Company, Wins Best White Label Solution Award from UC Today
SUNNYVALE, Calif.--(BUSINESS WIRE)--The Kazoo communications solution from 2600Hz, an Ooma company, has been named Best White Label Solution in the UC Partner Awards 2023 from UC Today.
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Ooma Schedules Release of Third Quarter Fiscal 2024 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the third quarter ended October 31, 2023 after the market closes on Wednesday, December 5, 2023. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time on December 5, 2023. The news release with the financial results will be accessible from the company's website prior to the co.
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Top 4 Tech And Telecom Stocks That May Explode This Month - Iridium Comms (NASDAQ:IRDM), IAC (NASDAQ:IAC)
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
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Ooma Acquires 2600Hz, Inc., A Leader in Communications Applications For Service Providers
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced that it has acquired 2600Hz, Inc., a leader in modern and flexible business communications applications targeted at resellers and carriers, for approximately $33 million in cash, subject to customary purchase price adjustments. 2600Hz is expected to add approximately $7 million in annual recurring revenue to Ooma. The transaction was completed on October 20, 2023. The pu.
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3 Communication Services Stocks to Buy as the Fed Turns Dovish
Ooma (OOMA), Live Nation (LYV) and Telefonica Brasil (SAM) are three communication services stocks that you can look into as the Fed goes slow on monetary policy tightening.
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3 Communication Stocks Likely to Thrive on Demand Upswing
Increased fiber densification and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, SPMYY and OOMA are well-positioned to make the most of the demand for seamless connectivity solutions.
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Here's Why Ooma (OOMA) Looks Ripe for Bottom Fishing
Ooma (OOMA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
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Elevator World Magazine Names Ooma Best Communication System Supplier, Recognizing Ooma AirDial for POTS Replacement
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced that Elevator World magazine, the leading media voice in the vertical transportation industry, has selected Ooma for the 2023 Ellies awards in the category of Best Communication System Supplier, honoring the Ooma AirDial® solution for POTS replacement. The annual Ellies awards (https://elevatorworld.com/news/daily-news/2023-ellies-award-winners-and-runners-up-announced/).
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Ooma to Virtually Host Investor Meetings via the Northland Capital Markets Institutional Investor Conference on September 19
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: The Northland Capital Markets Institutional Investor Conference, one-on-one investor meetings When: September 19, 2023 with meetings to be held throughout the day Who: Ooma CEO Eric Stang and Ooma CFO Shig Hamamatsu Where: Virtual Interested parties should contact their Northland Capital Markets sales representat.
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Ooma, Inc. (OOMA) Q2 2024 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q2 2024 Earnings Conference Call August 23, 2023 5:00 PM ET Company Participants Matthew Robison - Director, IR and Corporate Development Eric Stang - CEO Shig Hamamatsu - CFO Conference Call Participants Mike Latimore - Northland Capital Alex Vasti - William Blair Josh Nichols - B. Riley Brian Kinstlinger - Alliance Global Partners Matthew Harrigan - Benchmark Operator Good afternoon.
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Ooma (OOMA) Meets Q2 Earnings Estimates
Ooma (OOMA) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.12 per share a year ago.
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Ooma Reports Fiscal Second Quarter 2024 Financial Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the fiscal second quarter ended July 31, 2023. Fiscal Second Quarter 2024 Financial Highlights: Revenue: Total revenue was $58.4 million, up 11% year-over-year. Subscription and services revenue increased to $54.7 million from $48.0 million in the second quarter of fiscal 2023, and was 94% of total revenue, primarily driven by the growth.
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Ooma Services Joins Prologis' Strategic Alliance ProgramTM
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced that Prologis Inc., the global leader in logistics real estate, will offer Ooma telecommunications services through its Essentials platform. Headquartered in San Francisco, Prologis owns, develops and manages logistics real estate with a focus on high-barrier, high-growth markets and serves approximately 6,700 customers every day with their supply chain operations. Ooma.
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Ooma Office Business Communications Service Adds Powerful Selling and Collaboration Features
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a smart communications platform for businesses and consumers, today announced it has added powerful selling and collaboration features to its Ooma Office business communications service, including online bookings, one-to-many text messaging, team chat and more. Ooma Office (https://www.ooma.com/small-business-phone-systems/), named by PC Magazine earlier this year as the Business Choice award winner for Best VoIP System for the tenth year in a row.
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Ooma Schedules Release of Second Quarter Fiscal 2024 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the second quarter ended July 31, 2023 after the market closes on Wednesday, August 23, 2023. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time on August 23, 2023. The news release with the financial results will be accessible from the company's website prior to the confer.
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What Makes Ooma (OOMA) a New Buy Stock
Ooma (OOMA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Can Ooma (OOMA) Climb 44.95% to Reach the Level Wall Street Analysts Expect?
The average of price targets set by Wall Street analysts indicates a potential upside of 45% in Ooma (OOMA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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Ooma, Inc. (OOMA) Q1 2024 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q1 2024 Earnings Conference Call May 23, 2023 5:00 PM ET Company Participants Matthew Robison - Director of IR and Corporate Development Eric Stang - Chief Executive Officer Shig Hamamatsu - Chief Financial Officer Conference Call Participants Michael Latimore - Northland Capital Markets Brian Kinstlinger - Alliance Global Partners Matthew Harrigan - The Benchmark Company Operator Good afternoon. My name is Emma, and I will be your conference operator today.
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Ooma (OOMA) Q1 Earnings and Revenues Top Estimates
Ooma (OOMA) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.12 per share a year ago.
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Ooma Reports Fiscal First Quarter 2024 Financial Results
SUNNYVALE, 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 $0.01 per basic and diluted share, compared to GAAP net loss of $0.8 million, or $0.03 per basic and diluted share, in the first quarter of fiscal 2023. Non-GAAP net income was $4.0 million, or $0.16 per diluted share, compared to non-GAAP net income of $3.0 million, or $0.12 per diluted share in the prior year period. Adjusted EBITDA: Adjusted EBITDA was $4.8 million, compared to $3.9 million in the first quarter of fiscal 2023. For more information about non-GAAP net income and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release. “Ooma achieved a solid start to its fiscal 2024 with Q1 revenue increasing to $56.9 million and non-GAAP net income of $4.0 million,” said Eric Stang, chief executive officer of Ooma. “Q1 revenue growth of 13%, year-over-year, was driven by 27% year-over-year growth in business services revenue, which now makes up 56% of total services revenue. As planned, we made progress in Q1 introducing new Office Pro+ features, growing our user base in Europe, expanding our vertical markets and partnerships, and broadening the capabilities and customer adoption of our AirDial POTS replacement solution. Looking forward, we intend to continue to invest in our key strategic initiatives and the development of new partnerships to drive profitable growth.” Business Outlook: For the second quarter of fiscal 2024, Ooma expects: Total revenue in the range of $57.4 million to $57.9 million. GAAP net loss in the range of $0.6 million to $0.9 million and GAAP net loss per share in the range of $0.02 to $0.04. Non-GAAP net income in the range of $3.5 million to $3.8 million and non-GAAP net income per share in the range of $0.13 to $0.15. For the full fiscal year 2024, Ooma expects: Total revenue in the range of $235.5 million to $238.5 million. GAAP net loss in the range of $0.9 million to $2.9 million, and GAAP net loss per share in the range of $0.04 to $0.12. Non-GAAP net income in the range of $14.5 million to $16.5 million, and non-GAAP net income per share in the range of $0.55 to $0.63. The following is a reconciliation of GAAP net loss to non-GAAP net income and GAAP basic and diluted net loss per share to non-GAAP diluted net income per share guidance for the second fiscal quarter ending July 31, 2023 and the fiscal year ending January 31, 2024 (in millions, except per share data): ($0.6)-($0.9) ($0.9)-($2.9) 3.7 14.6 0.7 2.8 $3.5-$3.8 $14.5-$16.5 ($0.02)-($0.04) ($0.04)-($0.12) 0.14 0.56 0.03 0.11 $0.13-$0.15 $0.55-$0.63 25.2 25.6 26.0 26.3 Conference Call Information: Ooma will host a conference call and live webcast for analysts and investors today at 5:00 p.m. Eastern time. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (888) 550-5744, using conference ID 4726540. International parties can access the call by dialing +1 (646) 960-0223, using conference ID 4726540. The webcast will be accessible on the Events and Presentations page of Ooma’s investor relations website, https://investors.ooma.com, for a period of at least one year. A telephonic replay of the conference call will be available from approximately two hours after the call is completed or about 8:00 p.m. Eastern time on May 23, 2023 until 11:59 p.m. Eastern time Tuesday, May 30, 2023. To access the replay, parties in the United States and Canada should call +1 (800) 770-2030. International parties should call +1 (647) 362-9199. Non-GAAP Financial Measures In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net income, non-GAAP net income per share, non-GAAP gross profit and gross margin, non-GAAP operating income, and Adjusted EBITDA. Adjusted EBITDA represents the net income before interest and other income, income tax provision, depreciation and amortization of capital expenditures, amortization of intangible assets, and stock-based compensation expense and related taxes. Other non-GAAP financial measures exclude stock-based compensation expense and related taxes, and amortization of intangible assets. Non-GAAP weighted-average diluted shares include the effect of potentially dilutive securities from the company’s stock-based benefit plans. These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company. Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below. Disclosure Information Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Business Outlook” and the statements contained in the quotations of our Chief Executive Officer with respect to expectations regarding the Company’s growth initiatives may constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our inability to attract new customers on a cost-effective basis; our inability to retain customers; our inability to realize expected returns from our investments made in connection with our international expansion efforts and development of new product features; failure to realize AirDial opportunities; intense competition; loss of key retailers and reseller partnerships; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings which we make with the SEC from time to time, including the risk factors contained in our Annual Report on Form 10-K for the year ended January 31, 2023, filed with the SEC on April 7, 2023. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law. About Ooma, Inc. Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features including messaging, intelligent virtual attendants, and video conferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada. April 30, January 31, 2023 2023 $ 27,390 $ 24,137 987 2,723 8,734 7,131 25,320 26,246 13,620 14,368 76,051 74,605 8,448 7,996 16,887 12,702 9,722 10,463 8,655 8,655 17,972 16,584 $ 137,735 $ 131,005 $ 18,872 $ 13,462 20,600 26,726 16,630 17,216 56,102 57,404 13,987 10,426 23 31 70,112 67,861 5 5 200,398 195,605 (11 ) (23 ) (132,769 ) (132,443 ) 67,623 63,144 $ 137,735 $ 131,005 OOMA, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, amounts in thousands, except share and per share data) $ 53,049 $ 46,723 3,803 3,614 56,852 50,337 14,725 13,209 6,175 5,176 20,900 18,385 35,952 31,952 17,990 16,151 11,953 10,498 6,617 6,062 36,560 32,711 (608 ) (759 ) 415 33 (193 ) (726 ) (133 ) (40 ) $ (326 ) $ (766 ) $ (0.01 ) $ (0.03 ) 25,178,008 24,116,144 OOMA, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, amounts in thousands) $ (326 ) $ (766 ) 3,500 3,336 1,063 850 741 326 647 717 (2 ) 15 (1,603 ) 1,688 965 (493 ) (755 ) (2,681 ) (2,352 ) (1,950 ) (594 ) (223 ) 1,284 819 1,750 4,800 — (3,380 ) (1,374 ) (1,459 ) 300 — 676 (39 ) 1,724 1,554 (431 ) (348 ) 1,293 1,206 3,253 1,986 24,137 19,667 $ 27,390 $ 21,653 OOMA, INC. Reconciliation of Non-GAAP Financial Measures (Unaudited, amounts in thousands, except percentages, shares and per share data) $ 56,852 $ 50,337 $ 35,952 $ 31,952 260 248 110 73 $ 36,322 $ 32,273 63 % 63 % 64 % 64 % $ (608 ) $ (759 ) 3,595 3,440 741 326 $ 3,728 $ 3,007 $ (326 ) $ (766 ) 3,595 3,440 741 326 $ 4,010 $ 3,000 $ (0.01 ) $ (0.03 ) 0.14 0.14 0.03 0.01 $ 0.16 $ 0.12 $ 0.16 $ 0.12 25,178,008 24,116,144 25,665,906 24,909,140 $ (326 ) $ (766 ) (415 ) (33 ) 133 40 1,063 850 741 326 3,595 3,440 $ 4,791 $ 3,857
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Ooma, Inc. (OOMA) Q4 2023 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q4 2023 Earnings Conference Call March 2, 2023 5:00 PM ET Company Participants Matthew Robison - Director of IR and Corporate Development Eric Stang - Chief Executive Officer Shig Hamamatsu - Chief Financial Officer Conference Call Participants Matthew Stotler - William Blair Mike Latimore - Northland Capital Brian Kinstlinger - Alliance Global Partners Matthew Harrigan - Benchmark Josh Nichols - B. Riley Joe Goodwin - JMP Securities Operator Good day, everyone.
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Ooma (OOMA) Surpasses Q4 Earnings and Revenue Estimates
Ooma (OOMA) delivered earnings and revenue surprises of 14.29% and 0.18%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
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Ooma Schedules Release of Fourth Quarter & Fiscal 2023 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the fourth quarter and fiscal year ended January 31, 2023 after the market closes on Thursday, March 2, 2023. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time on March 2, 2023.
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Here's Why IBM is a Smart Portfolio Pick in Volatile Market
With healthy fundamentals, better business mix and improving operating leverage, IBM appears to be a solid investment option at the moment.
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Down 12.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Ooma (OOMA)
Ooma (OOMA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
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Ooma, Inc. (OOMA) Q3 2023 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q3 2023 Results Conference Call November 30, 2022 5:00 PM ET Company Participants Matthew Robison - Director of IR and Corporate Development Eric Stang - President and Chief Executive Officer Shig Hamamatsu - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Stotler - William Blair Mike Latimore - Northland Capital Josh Nichols - B. Riley Joe Goodwin - JMP Securities Matthew Harrigan - Benchmark Operator Hello, and welcome everyone to the Ooma Third Quarter Fiscal Year 2003 Financial Results Call.
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Ooma (OOMA) Q3 Earnings and Revenues Beat Estimates
Ooma (OOMA) delivered earnings and revenue surprises of 16.67% and 0.85%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
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Ooma Reports Third Quarter Fiscal Year 2023 Financial Results
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 share, compared to GAAP net loss of $0.3 million, or $0.01 per basic and diluted share, in the third quarter of fiscal 2022. GAAP net loss for the third quarter includes a $1.4 million charge for consolidation of facilities, as well as $0.6 million in acquisition-related costs, both associated with the acquisition of OnSIP in late July. Non-GAAP net income was $3.5 million, or $0.14 per diluted share, compared to non-GAAP net income of $3.3 million, or $0.13 per diluted share in the prior year period. Adjusted EBITDA: Adjusted EBITDA was $4.5 million, compared to $4.0 million in the third quarter of fiscal 2022. For more information about non-GAAP net income and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release. “Ooma executed well in Q3, increasing revenue 15% year-over-year to $56.7 million and attaining its highest-ever quarterly non-GAAP net income and adjusted EBITDA,” said Eric Stang, chief executive officer of Ooma. “We introduced new features for our Ooma Office Pro Plus tier of service, grew sales of Ooma Enterprise in select verticals including hospitality, expanded our user base in Europe in addition to North America, and added T-Mobile as a resale partner for AirDial, our new solution to replace businesses’ aging and expensive copper lines. We also continued the integration of our recent acquisition OnSIP and are pleased to report that OnSIP was adjusted EBITDA accretive in Q3, ahead of plan. Looking forward, we continue to see significant opportunity and remain focused on executing our strategy to drive profitable growth.” Business Outlook: For the fourth quarter of fiscal 2023, Ooma expects: Total revenue in the range of $56.3 million to $56.6 million. GAAP net loss in the range of $0.7 million to $1.0 million and GAAP net loss per share in the range of $0.03 to $0.04. Non-GAAP net income in the range of $3.5 million to $3.8 million and non-GAAP net income per share in the range of $0.14 to $0.15. For the full fiscal year 2023, Ooma expects: Total revenue in the range of $216.0 million to $216.3 million. GAAP net loss in the range of $4.0 million to $4.3 million, and GAAP net loss per share in the range of $0.16 to $0.18. Non-GAAP net income in the range of $13.0 million to $13.3 million, and non-GAAP net income per share in the range of $0.51 to $0.53. The following is a reconciliation of GAAP net loss to non-GAAP net income and GAAP basic and diluted net loss per share to non-GAAP diluted net income per share guidance for the fiscal fourth quarter and fiscal year ending January 31, 2023 (in millions, except per share data): ($0.7)-($1.0 ) ($4.0)-($4.3 ) 3.6 14.2 0.9 3.8 — 1.4 — (2.1 ) $3.5-$3.8 $13.0-$13.3 ($0.03)-($0.04 ) ($0.16)-($0.18 ) 0.14 0.56 0.04 0.15 — 0.06 — (0.08 ) $0.14-$0.15 $0.51-$0.53 24.9 24.5 25.7 25.3 Conference Call Information: Ooma will host a conference call and live webcast for analysts and investors today at 5:00 p.m. Eastern time. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (888) 550-5744, using conference ID 4726540. International parties can access the call by dialing +1 (646) 960-0223, using conference ID 4726540. The webcast will be accessible on the Events and Presentations page of Ooma’s investor relations website, https://investors.ooma.com, for a period of at least one year. A telephonic replay of the conference call will be available from approximately two hours after the call is completed or about 8:00 p.m. Eastern time on November 30, 2022 until 11:59 p.m. Eastern time Wednesday, December 7, 2022. To access the replay, parties in the United States and Canada should call +1 (800) 770-2030 and use conference code 4726540. International parties should call +1 (647) 362-9199 and use conference code 4726540. Non-GAAP Financial Measures In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net income, non-GAAP net income per share, non-GAAP gross profit and gross margin, non-GAAP operating income, and Adjusted EBITDA. Adjusted EBITDA represents the net income before interest and other income, income tax benefit, depreciation and amortization of capital expenditures, amortization of intangible assets, acquisition-related transaction costs, facilities consolidation charges, and stock-based compensation expense and related taxes. Other non-GAAP financial measures exclude stock-based compensation expense and related taxes, amortization of intangible assets, acquisition-related transaction costs, facilities consolidation charges and acquisition-related income tax benefit. For the third quarter of fiscal 2023, facilities consolidation charges included asset write-downs related to leased office space assumed in connection with Ooma’s acquisition of OnSIP in July 2022 that the company determined were not needed to support the future growth of its business. Non-GAAP weighted-average diluted shares include the effect of potentially dilutive securities from the company’s stock-based benefit plans. These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company. Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below. Disclosure Information Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Business Outlook” and the statements contained in the quotations of our Chief Executive Officer regarding expectations regarding the Company’s business opportunities and strategies may constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our inability to attract new customers on a cost-effective basis; our inability to retain customers; our inability to realize expected returns from our investments made in connection with our international expansion efforts and development of new product features; failure to realize AirDial opportunities; intense competition; loss of key retailers and reseller partnerships; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings which we make with the SEC from time to time, including the risk factors contained in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2022, filed with the SEC on September 8, 2022. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law. About Ooma, Inc. Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features including messaging, intelligent virtual attendants, and video conferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada. 2022 2022 $ 20,037 $ 19,667 4,495 11,613 7,125 7,310 22,021 13,841 14,550 13,598 68,228 66,029 7,662 6,481 12,782 14,396 11,256 4,208 8,946 4,264 15,640 13,875 $ 124,514 $ 109,253 $ 11,827 $ 7,507 24,805 22,823 17,476 16,600 54,108 46,930 10,539 11,194 39 73 64,686 58,197 5 4 191,909 179,860 (60 ) (20 ) (132,026 ) (128,788 ) 59,828 51,056 $ 124,514 $ 109,253 $ 51,749 $ 44,659 $ 146,467 $ 130,161 4,930 4,513 13,202 11,640 56,679 49,172 159,669 141,801 14,070 12,274 39,954 36,939 6,689 6,652 18,026 17,231 20,759 18,926 57,980 54,170 35,920 30,246 101,689 87,631 18,019 15,078 51,602 43,425 12,498 9,467 34,115 28,190 8,258 6,080 21,232 17,819 38,775 30,625 106,949 89,434 (2,855 ) (379 ) (5,260 ) (1,803 ) 94 53 144 151 (2,761 ) (326 ) (5,116 ) (1,652 ) (49 ) — 1,878 — $ (2,810 ) $ (326 ) $ (3,238 ) $ (1,652 ) $ (0.11 ) $ (0.01 ) $ (0.13 ) $ (0.07 ) 24,608,685 23,619,406 24,373,836 23,348,529 $ 1,402 $ — $ 1,402 $ — $ (2,810 ) $ (326 ) $ (3,238 ) $ (1,652 ) 3,541 3,233 10,383 9,748 998 780 2,737 2,328 794 326 1,492 978 799 699 2,248 2,230 1,402 — 1,402 — (90 ) — (2,133 ) — 8 15 34 39 (533 ) (1,457 ) 440 (1,057 ) (977 ) (369 ) (8,135 ) (1,969 ) 1,022 (1,355 ) (1,304 ) (4,362 ) (1,446 ) 389 1,244 (1,738 ) (219 ) (57 ) 301 327 2,489 1,878 5,471 4,872 1,775 4,330 10,900 14,230 — (6,007 ) (3,869 ) (14,866 ) (1,095 ) (1,308 ) (3,907 ) (3,050 ) — — (9,771 ) — 680 (2,985 ) (6,647 ) (3,686 ) 1,123 959 2,677 2,580 (447 ) (479 ) (1,131 ) (1,624 ) 676 480 1,546 956 3,845 (627 ) 370 2,142 16,192 20,067 19,667 17,298 $ 20,037 $ 19,440 $ 20,037 $ 19,440 $ 56,679 $ 49,172 $ 159,669 $ 141,801 $ 35,920 $ 30,246 $ 101,689 $ 87,631 242 210 738 795 139 73 291 219 $ 36,301 $ 30,529 $ 102,718 $ 88,645 63 % 62 % 64 % 62 % 64 % 62 % 64 % 63 % $ (2,855 ) $ (379 ) $ (5,260 ) $ (1,803 ) 3,585 3,306 10,592 10,073 1,374 326 2,873 978 1,402 — 1,402 — $ 3,506 $ 3,253 $ 9,607 $ 9,248 $ (2,810 ) $ (326 ) $ (3,238 ) $ (1,652 ) 3,585 3,306 10,592 10,073 1,374 326 2,873 978 1,402 — 1,402 — (90 ) — (2,133 ) — $ 3,461 $ 3,306 $ 9,496 $ 9,399 $ (0.11 ) $ (0.01 ) $ (0.13 ) $ (0.07 ) 0.14 0.14 0.43 0.43 0.05 0.01 0.12 0.04 0.06 — 0.06 — — — (0.09 ) — $ 0.14 $ 0.14 $ 0.39 $ 0.40 $ 0.14 $ 0.13 $ 0.38 $ 0.38 24,608,685 23,619,406 24,373,836 23,348,529 25,181,210 24,964,822 25,035,092 24,758,489 $ (2,810 ) $ (326 ) $ (3,238 ) $ (1,652 ) (94 ) (53 ) (144 ) (151 ) 49 — (1,878 ) — 998 780 2,737 2,328 1,402 — 1,402 — 1,374 326 2,873 978 3,585 3,306 10,592 10,073 $ 4,504 $ 4,033 $ 12,344 $ 11,576
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5 Attractive Relative Price Strength Plays in Today's Market
ExxonMobil (XOM), Lamb Weston Holdings (LW), Ooma, Inc. (OOMA), NexTier Oilfield Solutions (NEX) and Hanmi Financial Corporation (HAFC) are five stocks with explosive relative price strength.
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Does Ooma (OOMA) Have the Potential to Rally 77% as Wall Street Analysts Expect?
The mean of analysts' price targets for Ooma (OOMA) points to a 77% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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Ooma, Inc. (OOMA) Q2 2023 Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q2 2023 Earnings Conference Call September 1, 2022 5:00 PM ET Company Participants Matthew Robison - Director of IR and Corporate Development Eric Stang - President and Chief Executive Officer Shig Hamamatsu - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matt Stotler - William Blair Michael Latimore - Northland Capital Brian Kinstlinger - Alliance Global Partners Matthew Harrigan - Benchmark Josh Nichols - B. Riley Joe Goodwin - JMP Securities Operator Ladies and gentlemen, thank you for standing by and welcome to the Ooma, Inc. Second Quarter Fiscal Year 2023 Financial Results Call.
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Ooma (OOMA) Surpasses Q2 Earnings and Revenue Estimates
Ooma (OOMA) delivered earnings and revenue surprises of 20% and 1.90%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?
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Ooma Reports Second Quarter Fiscal Year 2023 Financial Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the fiscal second quarter ended July 31, 2022. Second Quarter Fiscal 2023 Financial Highlights: Revenue: Total revenue was $52.7 million, up 12% year-over-year. Subscription and services revenue increased to $48.0 million from $43.5 million in the second quarter of fiscal 2022, and was 91% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net income was $0.3 million, or $0.01 per basic and diluted share, compared to GAAP net loss of $0.4 million, or $0.02 per basic and diluted share, in the second quarter of fiscal 2022. GAAP net income for the second quarter includes a tax benefit for the release of a $2.0 million valuation allowance resulting from the recording of certain intangible assets in connection with the acquisition of OnSIP announced today. Non-GAAP net income was $3.0 million, or $0.12 per diluted share, compared to non-GAAP net income of $3.3 million, or $0.13 per diluted share in the prior year period. Adjusted EBITDA: Adjusted EBITDA was $4.0 million, compared to $4.1 million in the second quarter of fiscal 2022. For more information about non-GAAP net income and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release. “Ooma achieved strong results for Q2, with revenue increasing 12% year-over-year to $52.7 million, improved gross margins, and solid non-GAAP net income,” said Eric Stang, chief executive officer of Ooma. “Ooma’s investment in new features for Ooma Office, market and channel development for Ooma Enterprise, international expansion to serve a large multinational customer, and the development and Q2 launch of AirDial all contributed to growth. We believe these initiatives represent a powerful strategy going forward. In addition, I’m excited to announce that Ooma acquired Junction Networks Inc., which does business as OnSIP. This acquisition will add approximately 50,000 new business users to Ooma and is expected to be accretive starting in Q4 of this year. It’s my pleasure to welcome all of OnSIP’s employees to the Ooma family.” Business Outlook: For the third quarter of fiscal 2023, Ooma expects: Total revenue in the range of $56.0 million to $56.5 million. GAAP net loss in the range of $1.6 million to $2.1 million and GAAP net loss per share in the range of $0.06 to $0.08. Non-GAAP net income in the range of $2.7 million to $3.2 million and non-GAAP net income per share in the range of $0.11 to $0.13. For the full fiscal year 2023, Ooma expects: Total revenue in the range of $215.5 million to $218.5 million. GAAP net loss in the range of $3.3 million to $4.3 million, and GAAP net loss per share in the range of $0.13 to $0.17. Non-GAAP net income in the range of $11.4 million to $12.4 million, and non-GAAP net income per share in the range of $0.45 to $0.49. The following is a reconciliation of GAAP net loss to non-GAAP net income and GAAP basic and diluted net loss per share to non-GAAP diluted net income per share guidance for the fiscal third quarter ending October 31, 2022 and the fiscal year ending January 31, 2023 (in millions, except per share data): ($1.6)-($2.1 ) ($3.3)-($4.3 ) 3.6 14.1 1.2 3.6 — (2.0 ) $2.7-$3.2 $11.4-$12.4 ($0.06)-($0.08 ) ($0.13)-($0.17 ) 0.14 0.56 0.05 0.14 — (0.08 ) $0.11-$0.13 $0.45-$0.49 24.6 24.5 25.2 25.3 Conference Call Information: Ooma will host a conference call and live webcast for analysts and investors today at 5:00 p.m. Eastern time. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (888) 550-5744, using conference ID 4726540. International parties can access the call by dialing +1 (646) 960-0223, using conference ID 4726540. The webcast will be accessible on the Events and Presentations page of Ooma’s investor relations website, https://investors.ooma.com, for a period of at least one year. A telephonic replay of the conference call will be available from approximately two hours after the call is completed or about 8:00 p.m. Eastern time on September 1, 2022 until 11:59 p.m. Eastern time Thursday, September 8, 2022. To access the replay, parties in the United States and Canada should call +1 (800) 770-2030 and use conference code 4726540. International parties should call +1 (647) 362-9199 and use conference code 4726540. Non-GAAP Financial Measures In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net income, non-GAAP net income per share, non-GAAP gross profit and gross margin, non-GAAP operating income, and Adjusted EBITDA. Adjusted EBITDA represents the net income before interest and other income, income tax benefit, depreciation and amortization of capital expenditures, amortization of intangible assets, acquisition-related transaction costs, and stock-based compensation expense and related taxes. Other non-GAAP financial measures exclude stock-based compensation expense and related taxes, amortization of intangible assets, acquisition-related transaction costs, and acquisition-related income tax benefit. Non-GAAP weighted-average diluted shares include the effect of potentially dilutive securities from the company’s stock-based benefit plans. These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company. Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below. Disclosure Information Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Business Outlook” and the statements contained in the quotations of our Chief Executive Officer regarding expectations regarding the Company’s initiatives, strategies and acquisition of OnSIP constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our inability to attract new customers on a cost-effective basis; our inability to retain customers; our inability to realize expected returns from our investments made in connection with our international expansion efforts and development of new product features; failure to realize AirDial opportunities; intense competition; loss of key retailers and reseller partnerships; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings which we make with the SEC from time to time, including the risk factors contained in our Quarterly Report on form 10-Q for the quarter ended April 30, 2022, filed with the SEC on June 8, 2022. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law. About Ooma, Inc. Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features including messaging, intelligent virtual attendants, and video conferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada. 2022 2022 $ 16,192 $ 19,667 6,277 11,613 6,592 7,310 21,075 13,841 14,968 13,598 65,104 66,029 7,698 6,481 14,663 14,396 11,690 4,208 8,695 4,264 15,132 13,875 $ 122,982 $ 109,253 $ 12,968 $ 7,507 22,904 22,823 17,686 16,600 53,558 46,930 11,076 11,194 48 73 64,682 58,197 5 4 187,571 179,860 (60 ) (20 ) (129,216 ) (128,788 ) 58,300 51,056 $ 122,982 $ 109,253 2022 2021 2022 2021 $ 47,995 $ 43,537 $ 94,718 $ 85,502 4,658 3,520 8,272 7,127 52,653 47,057 102,990 92,629 12,675 12,326 25,884 24,665 6,161 5,428 11,337 10,579 18,836 17,754 37,221 35,244 33,817 29,303 65,769 57,385 17,432 14,331 33,583 28,347 11,119 9,416 21,617 18,723 6,912 6,014 12,974 11,739 35,463 29,761 68,174 58,809 (1,646 ) (458 ) (2,405 ) (1,424 ) 17 19 50 98 (1,629 ) (439 ) (2,355 ) (1,326 ) 1,967 — 1,927 — $ 338 $ (439 ) $ (428 ) $ (1,326 ) $ 0.01 $ (0.02 ) $ (0.02 ) $ (0.06 ) 24,388,275 23,359,715 24,254,465 23,209,151 24,873,764 23,359,715 24,254,465 23,209,151 2022 2021 2022 2021 $ 338 $ (439 ) $ (428 ) $ (1,326 ) 3,505 3,321 6,842 6,515 889 775 1,739 1,548 372 326 698 652 732 713 1,449 1,531 (2,043 ) — (2,043 ) — 11 14 26 24 (715 ) (762 ) 973 400 (6,665 ) (394 ) (7,158 ) (1,600 ) 355 (2,037 ) (2,326 ) (3,007 ) 4,641 343 2,690 (2,127 ) 743 710 520 384 2,163 2,570 2,982 2,994 4,325 3,000 9,125 9,900 (489 ) (2,816 ) (3,869 ) (8,859 ) (1,353 ) (1,077 ) (2,812 ) (1,742 ) (9,771 ) — (9,771 ) — (7,288 ) (893 ) (7,327 ) (701 ) — 152 1,554 1,621 (336 ) (660 ) (684 ) (1,145 ) (336 ) (508 ) 870 476 (5,461 ) 1,169 (3,475 ) 2,769 21,653 18,898 19,667 17,298 $ 16,192 $ 20,067 $ 16,192 $ 20,067 2022 2021 2022 2021 $ 52,653 $ 47,057 $ 102,990 $ 92,629 $ 33,817 $ 29,303 $ 65,769 $ 57,385 248 296 496 585 79 73 152 146 $ 34,144 $ 29,672 $ 66,417 $ 58,116 64 % 62 % 64 % 62 % 65 % 63 % 64 % 63 % $ (1,646 ) $ (458 ) $ (2,405 ) $ (1,424 ) 3,567 3,442 7,007 6,767 1,173 326 1,499 652 $ 3,094 $ 3,310 $ 6,101 $ 5,995 $ 338 $ (439 ) $ (428 ) $ (1,326 ) 3,567 3,442 7,007 6,767 1,173 326 1,499 652 (2,043 ) — (2,043 ) — $ 3,035 $ 3,329 $ 6,035 $ 6,093 $ 0.01 $ (0.02 ) $ (0.02 ) $ (0.06 ) 0.14 0.15 0.29 0.29 0.05 0.01 0.06 0.03 (0.08 ) — (0.08 ) — $ 0.12 $ 0.14 $ 0.25 $ 0.26 $ 0.12 $ 0.13 $ 0.24 $ 0.25 24,388,275 23,359,715 24,254,465 23,209,151 24,873,764 23,359,715 24,254,465 23,209,151 24,873,764 24,767,569 24,908,575 24,558,433 $ 338 $ (439 ) $ (428 ) $ (1,326 ) (17 ) (19 ) (50 ) (98 ) (1,967 ) — (1,927 ) — 889 775 1,739 1,548 1,173 326 1,499 652 3,567 3,442 7,007 6,767 $ 3,983 $ 4,085 $ 7,840 $ 7,543
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Ooma Schedules Release of Second Quarter Fiscal 2023 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the second quarter ended July 31, 2022 after the market closes on Thursday, September 1, 2022. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time on September 1, 2022. The news release with the financial results will be accessible from the company's website prior to the con
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Ooma to Present Virtually and Host Investor Meetings at the 12th Annual East Coast IDEAS Conference on June 22
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced the following conference participation: What: The 12th Annual East Coast IDEAS Conference, fireside discussion and one-on-one investor meetings When: Audio webcast of the fireside discussion to be released at 6:00 a.m. Eastern time on June 22, 2022 and meetings will be held throughout the day Who: Ooma CEO Eric Stang and Ooma CFO Shig Hamamatsu Where: Virtua
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Ooma, Inc. (OOMA) CEO Eric Stang on Q1 2023 Results - Earnings Call Transcript
Ooma, Inc. (NYSE:OOMA ) Q1 2023 Earnings Conference Call May 24, 2022 5:00 PM ET Company Participants Eric Stang - President & Chief Executive Officer Shig Hamamatsu - Chief Financial Officer Matt Robison - Director of Investor Relations and Corporate Development Conference Call Participants Brian Kinstlinger - Alliance Global Partners Halle Mogk - William Blair & Company Matthew Harrigan - Benchmark Operator Ladies and gentlemen, thank you for standing by, and welcome to the Ooma's First Quarter Fiscal Year 2023 Financial Results Call. [Operator Instructions] Thank you.
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Ooma (OOMA) Surpasses Q1 Earnings and Revenue Estimates
Ooma (OOMA) delivered earnings and revenue surprises of 20% and 1.15%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?
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Ooma Reports First Quarter Fiscal Year 2023 Financial Results
SUNNYVALE, 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, 2022. First Quarter Fiscal 2023 Financial Highlights: Revenue: Total revenue was $50.3 million, up 10% year-over-year. Subscription and services revenue increased to $46.7 million from $42.0 million in the first quarter of fiscal 2022, and was 93% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net loss was $0.8 million, or $0.03 per basic and diluted share, compared to GAAP net loss of $0.9 million, or $0.04 per basic and diluted share, in the first quarter of fiscal 2022. Non-GAAP net income was $3.0 million, or $0.12 per diluted share, compared to non-GAAP net income of $2.8 million, or $0.11 per diluted share in the prior year period. Adjusted EBITDA: Adjusted EBITDA was $3.9 million, compared to $3.5 million in the first quarter of fiscal 2022. For more information about non-GAAP net income and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release. “Ooma performed well in Q1, achieving revenue growth of 10% year-over-year, to $50.3 million,” said Eric Stang, chief executive officer of Ooma. “The growth in revenue was primarily driven by Ooma Business which doubled in new user growth versus the prior quarter and achieved the milestone of contributing more than 50% of Ooma’s overall subscription services revenue. Looking forward, our priorities for fiscal 2023 include extending our leadership serving small business customers through the launch of Ooma Office Pro Plus which enables a higher tier of service, expansion of our sales and marketing reach, increased focus on select vertical markets for Ooma Enterprise, expanding into Europe to serve our largest customer, and execution of the company’s growth plans for AirDial and other 4G/5G solutions.” Business Outlook: For the second quarter of fiscal 2023, Ooma expects: Total revenue in the range of $51.4 million to $51.9 million. GAAP net loss in the range of $1.1 million to $1.5 million and GAAP net loss per share in the range of $0.04 to $0.05. Non-GAAP net income in the range of $2.4 million to $2.8 million and non-GAAP net income per share in the range of $0.10 to $0.11. For the full fiscal year 2023, Ooma expects: Total revenue in the range of $210.5 million to $213.5 million. GAAP net loss in the range of $4.4 million to $5.9 million, and GAAP net loss per share in the range of $0.18 to $0.24. Non-GAAP net income in the range of $9.5 million to $11.0 million, and non-GAAP net income per share in the range of $0.37 to $0.43. The following is a reconciliation of GAAP net loss to non-GAAP net income and GAAP basic and diluted net loss per share to non-GAAP diluted net income per share guidance for the fiscal second quarter ending July 31, 2022 and the fiscal year ending January 31, 2023 (in millions, except per share data): ($1.1)-($1.5) ($4.4)-($5.9) 3.6 14.1 0.3 1.3 $2.4-$2.8 $9.5-$11.0 ($0.04)-($0.05) ($0.18)-($0.24) 0.14 0.56 0.01 0.05 $0.10-$0.11 $0.37-$0.43 24.4 24.5 25.0 25.4 Conference Call Information: Ooma will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time today, May 24, 2022. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (888) 550-5744, using conference ID 4726540. International parties can access the call by dialing +1 (646) 960-0223, using conference ID 4726540. The webcast will be accessible on the Events and Presentations page of Ooma’s investor relations website, https://investors.ooma.com, for a period of at least one year. A telephonic replay of the conference call will be available from 8:00 p.m. Eastern time on May 24, 2022 until 11:59 p.m. Eastern time on Tuesday, May 31, 2022. To access the replay, parties in the United States and Canada should call +1 (800) 770-2030 and use conference code 4726540. International parties should call +1 (647) 362-9199 and use conference code 4726540. Non-GAAP Financial Measures In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net income, non-GAAP net income per share, non-GAAP gross profit and gross margin, non-GAAP operating income, and Adjusted EBITDA. Adjusted EBITDA represents the net income before interest and other income, income tax (if any), depreciation and amortization of capital expenditures, amortization of intangible assets, and stock-based compensation and related taxes. Other non-GAAP financial measures exclude stock-based compensation expense and related taxes and amortization of intangible assets. These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company. Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below. Disclosure Information Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Business Outlook” and the statements contained in the quotations of our Chief Executive Officer regarding expectations and priorities of management constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our inability to attract new customers on a cost-effective basis; our inability to retain customers; our inability to realize expected returns from our investments made in connection with our international expansion efforts and development of new product features; failure to realize AirDial opportunities; intense competition; loss of key retailers and reseller partnerships; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings which we make with the SEC from time to time, including the risk factors contained in our Annual Report on Form 10-K for the year ended January 31, 2022, filed with the SEC on April 8, 2022. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law. About Ooma, Inc. Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features including messaging, intelligent virtual attendants, and video conferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada. 2022 2022 $ 21,653 $ 19,667 10,127 11,613 5,622 7,310 14,356 13,841 16,077 13,598 67,835 66,029 6,992 6,481 13,995 14,396 3,881 4,208 4,264 4,264 14,254 13,875 $ 111,221 $ 109,253 $ 11,946 $ 7,507 17,198 22,823 16,392 16,600 45,536 46,930 10,833 11,194 58 73 56,427 58,197 5 4 184,402 179,860 (59 ) (20 ) (129,554 ) (128,788 ) 54,794 51,056 $ 111,221 $ 109,253 Three Months Ended April 30, April 30, 2022 2021 $ 46,723 $ 41,965 3,614 3,607 50,337 45,572 13,209 12,339 5,176 5,151 18,385 17,490 31,952 28,082 16,151 14,016 10,498 9,307 6,062 5,725 32,711 29,048 (759 ) (966 ) 33 79 (726 ) (887 ) (40 ) — $ (766 ) $ (887 ) $ (0.03 ) $ (0.04 ) 24,116,144 23,053,512 Three Months Ended April 30, April 30, 2022 2021 $ (766 ) $ (887 ) 3,336 3,194 850 773 326 326 717 818 15 10 1,688 1,162 (493 ) (1,206 ) (2,681 ) (970 ) (1,950 ) (2,470 ) (223 ) (326 ) 819 424 4,800 6,900 (3,380 ) (6,043 ) (1,459 ) (665 ) (39 ) 192 1,554 1,469 (348 ) (485 ) 1,206 984 1,986 1,600 19,667 17,298 $ 21,653 $ 18,898 Three Months Ended April 30, April 30, 2022 2021 $ 50,337 $ 45,572 $ 31,952 $ 28,082 248 289 73 73 $ 32,273 $ 28,444 63 % 62 % 64 % 62 % $ (759 ) $ (966 ) 3,440 3,325 326 326 $ 3,007 $ 2,685 $ (766 ) $ (887 ) 3,440 3,325 326 326 $ 3,000 $ 2,764 $ (0.03 ) $ (0.04 ) 0.14 0.15 0.01 0.01 $ 0.12 $ 0.12 $ 0.12 $ 0.11 24,116,144 23,053,512 24,909,140 24,243,472 $ (766 ) $ (887 ) (33 ) (79 ) 40 — 850 773 326 326 3,440 3,325 $ 3,857 $ 3,458
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Ooma Schedules Release of First Quarter Fiscal 2023 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, plans to release its financial results for the first quarter ended April 30, 2022 after the market closes on Tuesday, May 24, 2022. The company will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time on May 24, 2022. The news release with the financial results will be accessible from the company's website prior to the conference cal
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KN vs. OOMA: Which Stock Is the Better Value Option?
KN vs. OOMA: Which Stock Is the Better Value Option?
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Ooma, Inc. (OOMA) CEO Eric Stang On Q4 2022 Results - Earnings Call Transcript
Ooma, Inc. (OOMA) CEO Eric Stang On Q4 2022 Results - Earnings Call Transcript
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Ooma Reports Fourth Quarter and Fiscal Year 2022 Financial Results
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, 2022. Fourth Quarter Fiscal 2022 Financial Highlights: Revenue: Total revenue was $50.5 million, up 14% year-over-year. Subscription and services revenue increased to $45.8 million from $41.1 million in the fourth quarter of fiscal 2021, and was 91% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net loss was $0.1 million, or $0.00 per basic and diluted share, compared to GAAP net loss of $0.6 million, or $0.03 per basic and diluted share, in the fourth quarter of fiscal 2021. Non-GAAP net income was $3.2 million, or $0.13 per diluted share, compared to non-GAAP net income of $2.8 million, or $0.12 per diluted share in the prior year period. Adjusted EBITDA: Adjusted EBITDA was $4.0 million, compared to $3.6 million in the fourth quarter of fiscal 2021. Full Year Fiscal 2022 Financial Highlights: Revenue: Total revenue was $192.3 million, up 14% year-over-year. Subscription and services revenue increased to $175.9 million from $156.9 million in fiscal 2021, and was 91% of total revenue, primarily driven by the growth of Ooma Business. Net Income/Loss: GAAP net loss was $1.8 million, or $0.07 per basic and diluted share, compared to GAAP net loss of $2.4 million, or $0.11 per basic and diluted share, in fiscal 2021. Non-GAAP net income was $12.6 million, or $0.51 per diluted share, compared to non-GAAP net income of $11.5 million, or $0.49 per diluted share in the prior fiscal year. Adjusted EBITDA: Adjusted EBITDA was $15.6 million, compared to $14.0 million in fiscal 2021. For more information about non-GAAP net income and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release. “Ooma achieved solid fourth quarter results, with revenue growth of 14% year-over-year and continued ARPU expansion and non-GAAP profitability,” said Eric Stang, chief executive officer of Ooma. “For the full fiscal 2022 year, Ooma also delivered 14% revenue growth, with business subscription and services revenue growing 23% year-over-year and residential subscription services revenue growing 3% year-over-year. Ooma made significant investments during fiscal 2022, including for international expansion and new features and products which we expect to capitalize on in the upcoming fiscal year. Our priorities for fiscal 2023 include development of new Ooma Office features supporting a higher tier of service, expansion of our sales and marketing reach, increased focus on select vertical markets for Ooma Enterprise, and execution of the company’s growth plans for AirDial.” Business Outlook: For the first quarter of fiscal 2023, Ooma expects: Total revenue in the range of $49.5 million to $50.2 million. GAAP net loss in the range of $1.0 million to $1.6 million and GAAP net loss per share in the range of $0.04 to $0.06. Non-GAAP net income in the range of $2.2 million to $2.8 million and non-GAAP net income per share in the range of $0.09 to $0.11. For the full fiscal year 2023, Ooma expects: Total revenue in the range of $209.5 million to $212.5 million. GAAP net loss in the range of $4.9 million to $6.9 million, and GAAP net loss per share in the range of $0.19 to $0.27. Non-GAAP net income in the range of $8.5 million to $10.5 million, and non-GAAP net income per share in the range of $0.33 to $0.41. The following is a reconciliation of GAAP net loss to non-GAAP net income and GAAP basic and diluted net loss per share to non-GAAP diluted net income per share guidance for the fiscal first quarter ending April 30, 2022 and the fiscal year ending January 31, 2023 (in millions, except per share data): ($1.0)-($1.6) ($4.9)-($6.9) 3.5 14.1 0.3 1.3 $2.2-$2.8 $8.5-$10.5 ($0.04)-($0.06) ($0.19)-($0.27) 0.14 0.55 0.01 0.05 $0.09-$0.11 $0.33-$0.41 24.1 24.6 25.1 25.7 Conference Call Information: Ooma will host a conference call and live webcast for analysts and investors at 5:00 p.m., Eastern time today March 3, 2022. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (888) 550-5744, using conference ID 4726540. International parties can access the call by dialing +1 (646) 960-0223, using conference ID 4726540. The webcast will be accessible on the Events and Presentations page of Ooma’s investor relations website, https://investors.ooma.com, for a period of at least one year. A telephonic replay of the conference call will be available from 8:00 p.m. Eastern time on March 3, 2022 until 11:59 p.m. Eastern time on Thursday, March 10, 2022. To access the replay, parties in the United States and Canada should call +1 (800) 770-2030 and use conference code 4726540. International parties should call +1 (647) 362-9199 and use conference code 4726540. Non-GAAP Financial Measures In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net income, non-GAAP net income per share, non-GAAP gross profit and gross margin, non-GAAP operating income, and Adjusted EBITDA. Adjusted EBITDA represents the net income before interest and other income, income tax (if any), depreciation and amortization of capital expenditures, amortization of intangible assets, and stock-based compensation and related taxes. Other non-GAAP financial measures exclude stock-based compensation expense and related taxes and amortization of intangible assets. These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company. Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below. Disclosure Information Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Business Outlook” and the statements contained in the quotations of our Chief Executive Officer regarding future economic performance and financial positions, expectations and objectives of management constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our inability to attract new customers on a cost-effective basis; our inability to retain customers; our inability to realize expected returns from our investments made in connection with our international expansion efforts and development of new product features; failure to realize AirDial opportunities; intense competition; loss of key retailers and reseller partnerships; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings which we make with the SEC from time to time, including the risk factors contained in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2021, filed with the SEC on December 8, 2021. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law. About Ooma, Inc. Ooma (NYSE: OOMA) provides leading communications services and related technologies that bring unique features, ease of use, and affordability to businesses of all sizes and residential customers through a smart cloud-based SaaS platform. For businesses, Ooma delivers advanced voice and collaboration features including messaging, intelligent virtual attendants, and video conferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada. 2022 2021 $ 19,667 $ 17,298 11,613 11,013 7,310 5,228 13,841 12,233 13,598 10,222 66,029 55,994 6,481 5,071 14,396 6,045 4,208 5,513 4,264 4,264 13,875 12,210 $ 109,253 $ 89,097 $ 7,507 $ 7,499 22,823 22,731 16,600 16,426 46,930 46,656 11,194 2,815 73 75 58,197 49,546 4 4 179,860 166,577 (20 ) 7 (128,788 ) (127,037 ) 51,056 39,551 $ 109,253 $ 89,097 2022 2021 2022 2021 $ 45,781 $ 41,124 $ 175,942 $ 156,873 4,708 3,138 16,348 12,074 50,489 44,262 192,290 168,947 12,624 11,812 49,563 46,134 7,058 5,010 24,289 18,009 19,682 16,822 73,852 64,143 30,807 27,440 118,438 104,804 15,206 13,536 58,631 50,919 10,003 9,228 38,193 36,079 5,725 5,235 23,544 20,581 30,934 27,999 120,368 107,579 (127 ) (559 ) (1,930 ) (2,775 ) 28 49 179 419 (99 ) (510 ) (1,751 ) (2,356 ) — (85 ) — (85 ) $ (99 ) $ (595 ) $ (1,751 ) $ (2,441 ) $ (0.00 ) $ (0.03 ) $ (0.07 ) $ (0.11 ) 23,845,659 22,774,263 23,473,849 22,361,312 2022 2021 2022 2021 $ (99 ) $ (595 ) $ (1,751 ) $ (2,441 ) 2,934 3,056 12,682 12,275 789 746 3,117 2,877 326 326 1,304 1,304 709 807 2,939 3,198 14 5 53 46 (1,025 ) (238 ) (2,082 ) (637 ) 398 (2,010 ) (1,571 ) (3,378 ) (247 ) (623 ) (4,609 ) (5,496 ) (1,861 ) 630 (3,599 ) (3,911 ) (155 ) 99 172 530 1,783 2,203 6,655 4,367 2,575 5,355 16,805 23,466 (2,622 ) (4,273 ) (17,488 ) (20,077 ) (1,154 ) (879 ) (4,204 ) (3,160 ) (1,201 ) 203 (4,887 ) 229 126 85 2,706 2,905 (481 ) (462 ) (2,105 ) (1,641 ) — (242 ) — (242 ) (355 ) (619 ) 601 1,022 227 1,787 2,369 5,618 19,440 15,511 17,298 11,680 $ 19,667 $ 17,298 $ 19,667 $ 17,298 2022 2021 2022 2021 $ 50,489 $ 44,262 $ 192,290 $ 168,947 $ 30,807 $ 27,440 $ 118,438 $ 104,804 231 257 1,026 1,054 73 73 292 292 $ 31,111 $ 27,770 $ 119,756 $ 106,150 61 % 62 % 62 % 62 % 62 % 63 % 62 % 63 % $ (127 ) $ (559 ) $ (1,930 ) $ (2,775 ) 3,004 3,115 13,077 12,607 326 326 1,304 1,304 $ 3,203 $ 2,882 $ 12,451 $ 11,136 $ (99 ) $ (595 ) $ (1,751 ) $ (2,441 ) 3,004 3,115 13,077 12,607 326 326 1,304 1,304 $ 3,231 $ 2,846 $ 12,630 $ 11,470 $ (0.00 ) $ (0.03 ) $ (0.07 ) $ (0.11 ) 0.13 0.14 0.55 0.56 0.01 0.01 0.06 0.06 $ 0.14 $ 0.12 $ 0.54 $ 0.51 $ 0.13 $ 0.12 $ 0.51 $ 0.49 23,845,659 22,774,263 23,473,849 22,361,312 25,120,348 23,894,792 24,910,303 23,554,838 $ (99 ) $ (595 ) $ (1,751 ) $ (2,441 ) (28 ) (49 ) (179 ) (419 ) — 85 — 85 789 746 3,117 2,877 326 326 1,304 1,304 3,004 3,115 13,077 12,607 $ 3,992 $ 3,628 $ 15,568 $ 14,013
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