Ooma, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2024
March 05, 2024 at 04:15 pm EST
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Ooma, Inc. reported earnings results for the fourth quarter and full year ended January 31, 2024. For the fourth quarter, the company reported revenue was USD 61.68 million compared to USD 56.5 million a year ago. Net loss was USD 3.07 million compared to USD 0.417 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.02 a year ago.
For the full year, revenue was USD 236.74 million compared to USD 216.17 million a year ago. Net loss was USD 0.835 million compared to USD 3.66 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.15 a year ago.
Ooma, Inc. provides communications services and related technologies to the businesses of all sizes and residential customers through a smart cloud-based software as a service platform. For businesses, the Company delivers advanced voice and collaboration features, including messaging, intelligent virtual attendants and video conferencing. It offers a range of solutions to fit each business needs, along with personalized support to resolve any issues in deploying and maintaining Ooma services. Its solutions include Ooma Office, Ooma Enterprise, Ooma AirDial and OnSIP collectively as Ooma Business. Ooma Office is a cloud-based multi-user communications system for small and medium-sized businesses designed to manage communications in and out of the office. Ooma Office Pro offers HD video conferencing (Ooma Meetings), call recording, call analytics and caller info match, among others. Ooma Enterprise is a unified-communications-as-a-service (UCaaS) solution that complements Ooma Office.