Ooma Q2 FY2023 revenue $52.7M (+12% YoY), GAAP net income $0.3M, acquires OnSIP

OOMA INC

2022-Q2 EPS reported -$0.02 revenue$102,990,000

Total revenue $52.7M, up 12% YoY; subscription and services revenue $48.0M (91% of total).
GAAP net income $0.3M ($0.01/share) vs net loss $0.4M ($0.02/share) in prior-year quarter; includes $2.0M tax benefit from OnSIP acquisition.
Non-GAAP net income $3.0M ($0.12/diluted) vs $3.3M ($0.13); Adjusted EBITDA $4.0M vs $4.1M.
Announced acquisition of OnSIP; intangible asset recording triggered valuation allowance release.

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