Ooma Inc. ( (OOMA) ) has released its Q1 earnings. Here is a breakdown of the information Ooma Inc. presented to its investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Ooma, Inc. is a provider of advanced communications services for businesses and consumers, offering solutions such as Ooma Office, Ooma AirDial, and Ooma Telo, primarily operating in the telecommunications sector.
In its fiscal first quarter of 2026, Ooma reported a total revenue of $65.0 million, marking a 4% increase compared to the previous year. The company also highlighted a significant increase in non-GAAP net income, reaching $5.6 million, up from $3.6 million in the prior year.
Key financial metrics from the report include a 48% year-over-year growth in non-GAAP EPS and a 33% increase in adjusted EBITDA, which stood at $6.7 million. The growth was driven by the expansion of Ooma Business and strong partner additions, particularly in their AirDial and 2600Hz solutions.
Looking ahead, Ooma projects its second-quarter revenue to range between $65.5 million and $66.1 million, with a modest GAAP net income. For the full fiscal year 2026, the company anticipates revenue between $267 million and $270 million, reflecting steady growth expectations.