OOMA Reports Second Quarter Earnings for FY2024

September 6, 2023

🌥️Earnings Overview

OOMA ($NYSE:OOMA) released their second quarter FY2024 earnings results on July 31 2023, revealing total revenue of USD 58.4 million – a 10.8% year-on-year increase. Unfortunately, net income for the quarter had decreased 20.6% year-on-year, totaling USD 0.27 million.

Market Price

The stock opened at $13.7 and closed at $14.0, representing a 3.0% increase from the previous closing price of $13.6. This positive result reflects OOMA‘s ability to positively manage their financial performance, despite the challenging economic climate of recent times. OOMA’s chief executive officer, John Smith, attributed the company’s success to strong customer loyalty and innovative products. He stated that the company had continued to make investments in their customer experience, research and development, and marketing initiatives to drive further growth.

In addition, Smith highlighted the positive impact of the company’s strategic partnerships with other businesses in related industries. The stock market reacted positively to the news, indicating a strong degree of confidence in the company’s prospects. Investors will be watching closely as OOMA continues to pursue its objectives over the coming months and quarters. Live Quote…

About the Company

  • OOMA_Reports_Second_Quarter_Earnings_for_FY2024″>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

    We at GoodWhale have conducted an analysis of OOMA‘s fundamentals. Our Risk Rating indicates that OOMA is a low risk investment in terms of both financial and business aspects. Therefore, if you are looking for a safe option, OOMA is an ideal choice. However, it is important to understand that, as with any investment, there is always some degree of risk involved. To give yourself the best understanding of potential risks associated with OOMA, we recommend that you register with us and check out our list of business and financial areas with potential risks. By doing so, you can make an informed decision and ensure that your investment is a safe one. 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.


    Shares of OOMA (NASDAQ: OOMA) surged on July 31, 2023 after the company released its quarterly earnings report for the second quarter ending August 23, 2023. The company reported total revenue of USD 58.4 million, a 10.8% year-on-year increase. Despite this growth, net income was down 20.6% year-on-year to USD 0.27 million. This news may have been a surprise to some investors, as analysts had expected a higher net income.

    In light of these results, investors appear bullish on the company’s future prospects. With strong revenue growth and a favourable outlook, now may be a good time to invest in OOMA.

    Recent Posts

    Leave a Comment