Ooma Reports Q1 2025 Financial Results
DENVER, Colo., May 29, 2024 (247marketnews.com)- Ooma, Inc. (NYSE:OOMA) reported its fiscal first quarter financial results, which ended April 30, 2024.
Its total revenue increased 10%, to $62.5 million, compared to the previous year’s same quarter, while its adjusted EBITDA was $5.0 million, compared to $4.8 million in the first quarter of fiscal 2024.
“Ooma made a solid start to fiscal 2025 by delivering $62.5 million in revenue and $3.6 million of non-GAAP net income for our first quarter,” commented Ooma’s CEO, Eric Stang. “Year-over-year, we achieved 18% growth in business services revenue and 10% growth in overall revenue. Cash flow from operations was significantly higher than a year ago, allowing us to pay down $4.5 million of debt during the quarter. We remain focused on growing Ooma business services revenue and believe we made good progress in Q1. Our continued feature expansion, addition of new reseller partners, launch of AirDial in Canada, and key customer wins in the quarter make us optimistic about our outlook for fiscal 2025.”
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