Ooma reports Q1 adjusted EPS 20c, consensus 18c

Reports Q1 revenue $65M, consensus $64.82M. “Ooma (OOMA) delivered a solid Q1, with $65.0 million in revenue and $5.6 million of non-GAAP net income,” said Eric Stang, chief executive officer of Ooma. “Our results included 48% year over year growth of non-GAAP EPS and 33% year over year growth of adjusted EBITDA. We achieved these results while continuing to invest in and expand our small business UCaaS, AirDial POTS replacement, and 2600Hz wholesale solutions. We were particularly pleased in the quarter by strong partner additions, bringing our number of AirDial resellers to more than 30, and by four new customer wins for 2600Hz.”