Ooma reports Q3 EPS 27c, consensus 22c

Reports Q3 revenue $67.6M, consensus $71.4M. “Ooma (OOMA) delivered solid Q3 financial results, with $67.6 million in revenue and $7.7 million of non-GAAP net income,” said Eric Stang, chief executive officer of Ooma. “Our results included 64% year over year growth of non-GAAP diluted EPS and record adjusted EBITDA of $8.6 million, which grew 50% year over year. As we enter the last quarter of our fiscal year, we remain focused on achieving growth across our small business UCaaS, AirDial POTS replacement, and 2600Hz wholesale solutions. And, we are excited to have recently completed the acquisition of FluentStream and to be on track to complete the acquisition of Phone.com in late December. We believe these two acquisitions present a tremendous opportunity to build shareholder value and it is our intent to capitalize on them to increase Ooma’s adjusted EBITDA, cash flow, and revenue growth.”