Strong Financial Performance in Q1
Ooma achieved $65 million in revenue, $5.6 million in non-GAAP net income, and $6.7 million in adjusted EBITDA, with revenue growth of 4% year over year.
Airdial Growth and New Partnerships
Significant progress in Airdial with Comcast launching the service and an increase in reseller partners to over 30. The business has strong momentum with several large deals in the pipeline.
Increase in Premium Service Adoption
61% of new Ooma Office users in Q1 opted for a premium service tier, which is potentially the highest ever recorded.
Expansion in Hospitality Sector
Ooma Enterprise now serves over 500 hotels across North America, with Marriott as a key partner.
Improved Profitability
Non-GAAP net income grew by 56% over the prior year quarter, and adjusted EBITDA increased by 33% year over year.
Robust Cash Flow
Generated $3.7 million of operating cash flow and $2.5 million of free cash flow in Q1, with a trailing twelve-month free cash flow of $20.5 million.