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Jul 31, 2021
Ooma Q2 2022 Earnings Report
Ooma reported strong results with revenue increasing and solid non-GAAP profitability.
Key Takeaways
Ooma's total revenue reached $47.1 million, up 14% year-over-year. Subscription and services revenue accounted for 93% of the total revenue, driven by the growth of Ooma Business. The company continued to invest in strategies for serving small business customers, developing enterprise business solutions, and expanding internationally.
Total revenue was $47.1 million, up 14% year-over-year.
Subscription and services revenue increased to $43.5 million, accounting for 93% of total revenue.
GAAP net loss was $0.4 million, or $0.02 per basic and diluted share.
Adjusted EBITDA was $4.1 million.
Ooma
Ooma
Ooma Revenue by Segment
Revenue by Segment
Subscription and Services Revenue
CapyFin.comProduct and Other Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal 2022, Ooma expects total revenue in the range of $47.8 million to $48.5 million and Non-GAAP net income per share in the range of $0.08 to $0.11.
Positive Outlook
- Total revenue in the range of $47.8 million to $48.5 million.
- GAAP net loss in the range of $0.8 million to $1.6 million and GAAP net loss per share in the range of $0.04 to $0.07.
- Non-GAAP net income in the range of $2.0 million to $2.8 million and non-GAAP net income per share in the range of $0.08 to $0.11.
Revenue & Expenses
Visualization of income flow from segment revenue to net income