OOMA Reports Q2 FY 2024 Earnings Results for August 23, 2023

September 1, 2023

🌥️Earnings Overview

On August 23, 2023, OOMA ($NYSE:OOMA) reported its financial results for the second quarter of Fiscal Year 2024, which ended on July 31, 2023. The company’s revenue for the quarter totaled USD 58.4 million, an increase of 10.8% compared to the same period in the prior year. Unfortunately, the net income decreased by 20.6%, totaling USD 0.27 million.

Share Price

On Wednesday, OOMA reported its second quarter fiscal year 2024 earnings results for August 23, 2023. The stock opened at $13.7 and closed at $14.0, up by 3.0% from the previous closing price of 13.6. This marks an increase in share price for the company and serves as a positive signal to investors.

These numbers show the company is in a strong position for future growth and profit. Overall, OOMA’s reports for the second quarter of their fiscal year 2024 were positive and show signs of growth and stability, both of which are important for investors in the company. Live Quote…

About the Company

  • OOMA_Reports_Q2_FY_2024_Earnings_Results_for_August_23_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Ooma. More…

    Total Revenues Net Income Net Margin
    228.38 -3.28 -1.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Ooma. More…

    Operations Investing Financing
    10.63 0.21 1.95
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Ooma. More…

    Total Assets Total Liabilities Book Value Per Share
    136.19 64.98 2.81
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Ooma are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    12.1% -1.7%
    FCF Margin ROE ROA
    2.1% -3.6% -1.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we’ve conducted an analysis of OOMA‘s wellbeing. After thoroughly examining the company’s Risk Rating, we can confidently conclude that OOMA is a low risk investment in terms of both financial and business aspects. In order to gain further insight into OOMA’s risk rating, we invite you to become a registered user on our site. As a registered user, you will be able to check out the areas of the business and financial sector that may have potential risks associated with them. This will help you make more informed decisions about your investments. We strive to provide our users with detailed and accurate information about a company’s risk rating, so that they can make the best possible decision when investing. With our analysis of OOMA’s wellbeing, you can feel confident that your money is safe and secure in this investment. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Ooma Inc is a publicly traded company that provides communication services for residential and business customers in the United States. The company offers its services through a VoIP platform that delivers clear HD voice quality. Ooma’s main competitors are Sinch AB, Route Mobile Ltd, and LINK Mobility Group Holding ASA.

    – Sinch AB ($LTS:0RBI)

    Sinch AB is a Swedish telecommunications company that provides mobile services, VoIP, and cloud communications solutions. The company has a market capitalization of 16.83 billion as of 2022 and a return on equity of 1.73%. Sinch AB’s mobile services include voice, text, and data services. The company’s VoIP and cloud communications solutions include VoIP calling, video conferencing, and messaging services.

    – Route Mobile Ltd ($BSE:543228)

    Return on Equity (ROE) is a ratio that measures the profitability of a company in relation to the equity of its shareholders. Market cap is a measure of the value of a company’s shares outstanding.

    Route Mobile Ltd is a telecommunications company that provides mobile voice and data services in India. The company has a market cap of $85.14 billion and a ROE of 8.84%. Route Mobile Ltd is a market leader in the Indian telecommunications market and is one of the largest mobile service providers in the country. The company has a strong customer base and a large network of dealers and distributors. Route Mobile Ltd is a profitable company with a strong financial position. The company has a good track record of growth and profitability.

    – LINK Mobility Group Holding ASA ($LTS:0A5Q)

    LINK Mobility Group Holding ASA is a holding company that provides mobile communication services. The company operates through four segments: Messaging, Connectivity, System Integration, and Corporate Services. The Messaging segment offers SMS, MMS, and email services. The Connectivity segment provides mobile data services, including mobile broadband, mobile VPN, and mobile WiFi. The System Integration segment offers mobile solutions for businesses, including mobile workforce management, mobile customer relationship management, and mobile loyalty programs. The Corporate Services segment provides support services for the other segments.


    OOMA Inc.’s second quarter financial results for fiscal year 2024, ending on August 23 2023, showed total revenue of USD 58.4 million, representing a 10.8% increase compared to the same period last year. Despite the revenue growth, net income decreased significantly by 20.6%, amounting to USD 0.27 million. Despite the lower-than-expected net income, the stock price still moved up on the news, indicating investor confidence in OOMA’s future prospects. Analysts suggest that investors should closely monitor the company’s performance for the following quarter to better assess the potential for future earnings growth.

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