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Jan 31, 2023
Ooma Q4 2023 Earnings Report
Ooma reported solid fourth quarter results with revenue growth and record non-GAAP net income, adjusted EBITDA, and cash flow from operations.
Key Takeaways
Ooma's Q4 2023 saw a 12% year-over-year revenue increase, driven by subscription and services growth. The company reported a GAAP net loss but achieved record non-GAAP net income and adjusted EBITDA.
Total revenue was $56.5 million, up 12% year-over-year.
Subscription and services revenue increased to $52.6 million, comprising 93% of total revenue.
GAAP net loss was $0.4 million, or $0.02 per share, while non-GAAP net income was $4.1 million, or $0.16 per diluted share.
Adjusted EBITDA was $5.1 million, compared to $4.0 million in the fourth quarter of fiscal 2022.
Revenue by Segment
Forward Guidance
Ooma expects total revenue between $56.4 million and $56.9 million, GAAP net loss between $0.6 million and $0.9 million, and non-GAAP net income between $3.4 million and $3.7 million for the first quarter of fiscal 2024.
Positive Outlook
- Total revenue in the range of $56.4 million to $56.9 million.
- Non-GAAP net income in the range of $3.4 million to $3.7 million.
- Non-GAAP net income per share in the range of $0.13 to $0.14.
Challenges Ahead
- GAAP net loss in the range of $0.6 million to $0.9 million
- GAAP net loss per share in the range of $0.03 to $0.04
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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