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Ooma's Fiscal Q2 Earnings Drop, Revenue Rises; Issues Q3 Outlook, Raised FY23 Guidance

MT Newswires ·  {{timeTz}}

04 :33 PM EDT, 09/01/2022 (MT Newswires) -- Ooma (OOMA) posted late Thursday fiscal Q2 non-GAAP earnings of $0.12 per diluted share, down from $0.13 per share a year earlier.

Analysts polled by Capital IQ estimated earnings of $0.10 per share.

Revenue for the quarter ended July 31 totaled $52.7 million, up from $47.1 million a year earlier. Analysts estimated $51.7 million.

Looking ahead, the company expects Q3 non-GAAP EPS of $0.11 to $0.13 on revenue of $56 million to $56.5 million. Analysts are estimating $0.09 per share on revenue of $53.8 million.

For the fiscal-year 2023, Ooma now expects non-GAAP EPS of $0.45 to $0.49 on revenue of $215.5 million to $218.5 million against the prior estimates of $0.37 to $0.43 per share on between $210.5 million to $213.5 million in revenue.

Analysts are projecting $0.39 per share on revenue of $212.1 million.

Price: 11.49, Change: -0.18, Percent Change: -1.54

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