Ooma Q4 2024 Earnings Report
Key Takeaways
Ooma reported a 9% year-over-year increase in total revenue, reaching $61.7 million for Q4 2024. Subscription and services revenue drove growth, accounting for 94% of total revenue. While GAAP net loss was $3.1 million, non-GAAP net income reached $3.5 million, and adjusted EBITDA was $5.2 million.
Total revenue increased by 9% year-over-year to $61.7 million.
Subscription and services revenue grew to $58.0 million, representing 94% of total revenue.
GAAP net loss was $3.1 million, or $0.12 per share.
Non-GAAP net income was $3.5 million, or $0.13 per diluted share.
Ooma
Ooma
Ooma Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2025, Ooma expects total revenue in the range of $61.7 million to $62.2 million, GAAP net loss in the range of $2.6 million to $2.9 million, and non-GAAP net income in the range of $3.0 million to $3.3 million. For the full fiscal year 2025, Ooma expects total revenue in the range of $250.0 million to $253.0 million, GAAP net loss in the range of $8.6 million to $9.6 million, and non-GAAP net income in the range of $14.0 million to $15.0 million.
Positive Outlook
- Total revenue in the range of $61.7 million to $62.2 million for Q1 2025.
- Non-GAAP net income in the range of $3.0 million to $3.3 million for Q1 2025.
- Total revenue in the range of $250.0 million to $253.0 million for FY 2025.
- Non-GAAP net income in the range of $14.0 million to $15.0 million for FY 2025.
Challenges Ahead
- GAAP net loss in the range of $2.6 million to $2.9 million for Q1 2025.
- GAAP net loss per share in the range of $0.10 to $0.11 for Q1 2025.
- GAAP net loss in the range of $8.6 million to $9.6 million for FY 2025.
- GAAP net loss per share in the range of $0.32 to $0.36 for FY 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income