Ooma reports Q3 FY2024 revenue $59.9M (+6% YoY); GAAP net income $0.09/share vs loss $0.11

OOMA INC

2024-Q3 EPS reported $0.09 revenue$175,061,000

Total revenue $59.9M, up 6% YoY; subscription revenue $55.9M, 93% of total, driven by Ooma Business growth.
GAAP net income $2.3M ($0.09 per share) vs GAAP net loss $2.8M ($0.11 loss) in prior year; includes $3.2M tax benefit from 2600Hz acquisition.
Non-GAAP net income $4.0M ($0.15 diluted) vs $3.5M ($0.14); Adjusted EBITDA $5.0M vs $4.5M.
Ooma Business segment continues to drive subscription growth; no new guidance provided.

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 1.0

OOMA INC reported the fiscal third quarter ended October 31, 2023 results: revenue $59.9 million, net income $2.3 million, EPS $0.09 per basic and diluted share.

Period: the fiscal third quarter ended October 31, 2023
Revenue: $59.9 million
Net income: $2.3 million
EPS: $0.09 per basic and diluted share
Result: reported results

Exact text from the filing

consumers, today released financial results for the fiscal third quarter ended October 31, 2023. Fiscal Third Quarter 2024 Financial Highlights: • Revenue : Total revenue was $59.9 million, up 6% year-over-year. Subscription and services revenue increased to $55.9 million from $51.7 million in the third quarter of fiscal 2023, and was 93% of total revenue,

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Source: SEC EDGAR

accession 0000950170-23-068180

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