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Apr 30, 2021
Ooma Q1 2022 Earnings Report
Ooma reported strong growth and financial results, with business customer revenue increasing and strategic investments made for future expansion.
Key Takeaways
Ooma's total revenue for Q1 2022 was $45.6 million, a 13% increase year-over-year. Subscription and services revenue accounted for 92% of the total revenue, driven by Ooma Business growth. The company reported a GAAP net loss of $0.9 million, or $0.04 per share, and a non-GAAP net income of $2.8 million, or $0.11 per share. Adjusted EBITDA was $3.5 million.
Total revenue increased by 13% year-over-year, reaching $45.6 million.
Subscription and services revenue grew to $42.0 million, representing 92% of total revenue.
GAAP net loss was $0.9 million, or $0.04 per share.
Non-GAAP net income was $2.8 million, or $0.11 per share.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal year 2022, Ooma expects total revenue to be in the range of $46.0 million to $46.8 million, GAAP net loss in the range of $1.2 million to $1.7 million, and non-GAAP net income in the range of $1.9 million to $2.4 million. For the full fiscal year 2022, Ooma expects total revenue in the range of $185.0 million to $187.0 million, GAAP net loss in the range of $5.0 million to $7.0 million, and non-GAAP net income in the range of $7.5 million to $9.5 million.
Positive Outlook
- Total revenue in the range of $46.0 million to $46.8 million for Q2 2022.
- Non-GAAP net income in the range of $1.9 million to $2.4 million for Q2 2022.
- Total revenue in the range of $185.0 million to $187.0 million for fiscal year 2022.
- Non-GAAP net income in the range of $7.5 million to $9.5 million for fiscal year 2022.
Challenges Ahead
- GAAP net loss in the range of $1.2 million to $1.7 million for Q2 2022.
- GAAP net loss in the range of $5.0 million to $7.0 million for fiscal year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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