Ooma Q1 2022 Earnings Report
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.
Ooma
Ooma
Ooma 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