December 16, 2017 5:26 AM ET

Diversified Telecommunication Services

Company Overview of Ooma, Inc.

Company Overview

Ooma, Inc. provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company offers Ooma Office, a multi-user communications system for small businesses; and Business Promoter, a service that helps businesses generate new customer leads. Ooma Office consists of an on-premise appliance and an Ooma Linx end-point device, which wirelessly connects regular desktop telephones to the user’s high-speed Internet connection. It also provides Ooma Telo, a home communications solution designed to serve as the primary phone line in the home. In addition, the company provides Ooma HD2 handset, a wireless handset...

1880 Embarcadero Road

Palo Alto, CA 94303

United States

Founded in 2003

180 Employees

Phone:

650-566-6600

Key Executives for Ooma, Inc.

Chairman of The Board, Chief Executive Officer and President
Age: 57
Total Annual Compensation: $936.0K
Chief Financial Officer
Age: 48
Total Annual Compensation: $476.3K
VP, General Counsel & Secretary
Age: 55
Total Annual Compensation: $306.3K
Vice President of Marketing
Age: 55
Total Annual Compensation: $306.8K
Compensation as of Fiscal Year 2017.

Ooma, Inc. Key Developments

Ooma, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2017; provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2018

Ooma, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2017. For the quarter, the company reported total revenue of $28,505,000 compared to $27,007,000 a year ago. Loss from operations was $3,327,000 compared to $2,908,000 a year ago. Net loss was $3,179,000 or $0.17 per basic and diluted share compared to $2,821,000 or $0.16 per basic and diluted share a year ago. Net cash provided by operating activities was $947,000 compared to $408,000 a year ago. Purchases of property and equipment were $684,000 compared to $116,000 a year ago. Non-GAAP operating loss was $525,000 compared to $378,000 a year ago. Non-GAAP net loss was $377,000 or $0.02 per basic and diluted share compared to $291,000 or $0.02 per basic and diluted share a year ago. Adjusted LBITDA was $41,000 compared to adjusted EBITDA of $81,000 a year ago. For the nine months, the company reported total revenue of $84,270,000 compared to $76,960,000 a year ago. Loss from operations was $10,617,000 compared to $10,363,000 a year ago. Net loss was $10,194,000 or $0.55 per basic and diluted share compared to $10,117,000 or $0.58 per basic and diluted share a year ago. Net cash provided by operating activities were $2,379,000 compared to net cash used in operating activities of $176,000 a year ago. Purchases of property and equipment were $1,747,000 compared to $1,146,000 a year ago. Non-GAAP operating loss was $1,487,000 compared to $2,778,000 a year ago. Non-GAAP net loss was $1,064,000 or $0.06 per basic and diluted share compared to $2,532,000 or $0.14 per basic and diluted share a year ago. Adjusted LBITDA was $41,000 compared to $1,585,000 a year ago. For the fourth quarter fiscal 2018, the company's total revenue between $29.3 million to $29.8 million, GAAP net loss in the range of $2.8 million to $3.5 million, and non-GAAP net loss in the range of $0.5 million to $1.0 million, GAAP net loss per share in the range of $0.15 to $0.18, and non-GAAP net loss per share in the range of $0.03 to $0.05 based on approximately 19.0 million basic and diluted weighted average common shares outstanding. For the full fiscal year 2018, the company's total revenue in the range of $113.5 million to $114.0 million, GAAP net loss in the range of $13.0 million to $13.7 million, and non-GAAP net loss in the range of $1.6 million to $2.1 million, and GAAP net loss per share in the range of $0.70 to $0.74, and non-GAAP net loss per share in the range of $0.09 to $0.11 based on approximately 18.6 million basic and diluted weighted average common shares outstanding.

Ooma, Inc. to Report Q3, 2018 Results on Nov 28, 2017

Ooma, Inc. announced that they will report Q3, 2018 results at 5:00 PM, Eastern Standard Time on Nov 28, 2017

Ooma, Inc., Q3 2018 Earnings Call, Nov 28, 2017

Ooma, Inc., Q3 2018 Earnings Call, Nov 28, 2017

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