Record Financial Performance in Q3
Ooma achieved $65.1 million in revenue, $4.6 million in non-GAAP net income, $5.7 million in adjusted EBITDA, and $8.1 million in cash flow from operations. Each of these metrics is a record result for the company.
Debt-Free Status Achieved
After strong cash flow from operations, Ooma paid off the remaining debt on its credit line shortly after the end of Q3 and is now debt-free.
Significant New Partnerships
Ooma announced two major new partner wins: a top-tier national cable company and an Aggregator/CLEC, both of which plan to resell Ooma's AirDial and Telo products.
Strong Performance of Ooma Business Segment
Ooma Business contributed 62% of total revenue in Q3, up from 58% a year ago, with notable success in Ooma Office and AirDial solutions.
Successful Integration of 2600Hz
The acquisition of 2600Hz is yielding significant opportunities, including a large new customer, ServiceTitan, which launched a new solution using Ooma's platform.