Fri, Sep 6, 9:05 PM (105 days ago)
For Q2 FY2025, Ooma, Inc. reported total revenue of $64.1 million, marking a 10% increase year-over-year, primarily driven by a 15% rise in subscription and services revenue from Ooma Business. Despite this growth, the company recorded a GAAP net loss of $2.1 million, a decline from a net income of $0.3 million in the prior year, reflecting ongoing investments in operations. Adjusted EBITDA improved to $5.6 million from $4.9 million, indicating operational resilience. Total cash and equivalents decreased to $16.6 million from $17.5 million at the start of the year, primarily due to debt repayments. The company reduced its long-term debt to $8.5 million, down from $16 million, enhancing its financial flexibility. Key performance metrics showed stable core users at 1.244 million and a net dollar retention rate of 100%. Challenges include rising costs in product margins, particularly due to supply chain issues, and ongoing regulatory pressures. The company continues to focus on expanding its market presence and improving operational efficiencies to mitigate these challenges and support future growth.