Loading...
•
Apr 30, 2022
Ooma Q1 2023 Earnings Report
Ooma's revenue increased by 10% year-over-year, reaching $50.3 million, driven by Ooma Business growth, which now contributes over 50% of subscription services revenue.
Key Takeaways
Ooma reported a 10% year-over-year revenue increase in Q1 2023, reaching $50.3 million, with Ooma Business being a key driver, contributing over 50% of subscription services revenue. The company's GAAP net loss was $0.8 million, or $0.03 per share, while non-GAAP net income was $3.0 million, or $0.12 per diluted share. Adjusted EBITDA was $3.9 million.
Total revenue increased by 10% year-over-year to $50.3 million.
Subscription and services revenue grew to $46.7 million, representing 93% of total revenue, driven by Ooma Business.
GAAP net loss was $0.8 million, or $0.03 per share, while non-GAAP net income was $3.0 million, or $0.12 per diluted share.
Adjusted EBITDA was $3.9 million.
Revenue by Segment
Forward Guidance
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 non-GAAP net income in the range of $2.4 million to $2.8 million. 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 non-GAAP net income in the range of $9.5 million to $11.0 million.
Positive Outlook
- Total revenue in the range of $51.4 million to $51.9 million for Q2 2023.
- Non-GAAP net income in the range of $2.4 million to $2.8 million for Q2 2023.
- Total revenue in the range of $210.5 million to $213.5 million for full year 2023.
- Non-GAAP net income in the range of $9.5 million to $11.0 million for full year 2023.
Challenges Ahead
- GAAP net loss in the range of $1.1 million to $1.5 million for Q2 2023.
- GAAP net loss per share in the range of $0.04 to $0.05 for Q2 2023.
- GAAP net loss in the range of $4.4 million to $5.9 million for full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...