Aug. 26 at 8:20 PM
$OOMA Ooma reports Q2 adjusted EPS 35c, consensus 33c
Reports Q2 revenue
$83.2M, consensus
$81.72M. "Ooma executed well in Q2 and delivered strong results, with revenue up 25% year over year to
$83.2 million and non-GAAP net income up 58% year over year to
$10.2 million," said Eric Stang, chief executive officer of Ooma. "We also achieved record adjusted EBITDA of
$12.4 million in Q2 and reduced outstanding debt to
$47 million at the end of Q2. Operationally, we launched new AI-driven services, including our AI Insights, AI Answering Service and AI Receptionist, for our Ooma Office business customers.
We also launched Ooma MyPhone, a modern landline that gives parents control over their kids' calling and forestalls cell phone use, for our residential customers. Our significant growth of Ooma AirDial continued in Q2, with AirDial services revenue growing 75% over the same quarter a year ago. Looking forward, we believe we have good momentum across all major areas of our business, driven by increasing POTS replacement market demand, the availability of our new AI features, parents' increasing concern over kids' cell phone use, and the contributions from our acquisitions of FluentStream and Phone.com."
