Ooma Reports Fiscal Third Quarter 2023 Revenue of $56.7M, Up 15% Year-Over-Year

OOMA INC

2022-Q3 EPS reported -$0.13 revenue$159,669,000

Total revenue $56.7M, up 15% YoY; subscription revenue $51.7M (91% of total).
GAAP net loss $2.8M ($0.11 per share) vs. loss of $0.3M; includes $1.4M facility consolidation and $0.6M acquisition costs for OnSIP.
Non-GAAP net income $3.5M ($0.14 per diluted share), up from $3.3M in prior year.
Adjusted EBITDA $4.5M vs. $4.0M in Q3 fiscal 2022.
Acquired OnSIP in late July 2022, incurring related costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OOMA INC reported the fiscal third quarter ended October 31, 2022 results: revenue $56.7 million, net income $2.8 million, EPS $0.11 per basic and diluted share.

Period: the fiscal third quarter ended October 31, 2022
Revenue: $56.7 million
Net income: $2.8 million
EPS: $0.11 per basic and diluted share
Result: reported results

Exact text from the filing

• Revenue : Total revenue was $56.7 million, up 15% year-over-year. Subscription and services revenue increased to $51.7 million from $44.7 million in the third quarter of fiscal 2022, and was 91% of total revenue, primarily driven by the growth of Ooma Business. • Net Income/Loss : GAAP net loss was $2.8 million, or $0.11 per basic and diluted share

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Source: SEC EDGAR

accession 0000950170-22-025869

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