NYSE$OOMA
Ooma Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Ooma's revenue increased by 12% year-over-year, reaching $52.7 million, and net income was $0.3 million.
Ooma reported strong Q2 results with a 12% increase in revenue year-over-year, reaching $52.7 million. The company also saw improved gross margins and solid non-GAAP net income. Ooma acquired Junction Networks Inc., also known as OnSIP, which is expected to add approximately 50,000 new business users and be accretive starting in Q4 of this year.
- Total revenue was $52.7 million, up 12% year-over-year.
- Subscription and services revenue increased to $48.0 million, representing 91% of total revenue.
- GAAP net income was $0.3 million, or $0.01 per basic and diluted share.
- Adjusted EBITDA was $4.0 million.
Headline financials
Revenue & EPS history
Ooma · Revenue · Quarterly
$52.7M
Revenue by segment
Ooma · $52.7M total across 2 segments · Q2 2023
- Subscription and services$48M+10.2%91.2%
- Product and other$4.66M+32.3%8.8%
Forward guidance
Ooma expects total revenue to be in the range of $56.0 million to $56.5 million, GAAP net loss in the range of $1.6 million to $2.1 million, and non-GAAP net income in the range of $2.7 million to $3.2 million for the third quarter of fiscal year 2023. For the full fiscal year 2023, Ooma expects total revenue in the range of $215.5 million to $218.5 million, GAAP net loss in the range of $3.3 million to $4.3 million, and non-GAAP net income in the range of $11.4 million to $12.4 million.
Tailwinds
- Total revenue in the range of $56.0 million to $56.5 million.
- Non-GAAP net income in the range of $2.7 million to $3.2 million.
- Non-GAAP net income per share in the range of $0.11 to $0.13.
- Total revenue in the range of $215.5 million to $218.5 million.
- Non-GAAP net income in the range of $11.4 million to $12.4 million.
Headwinds
- GAAP net loss in the range of $1.6 million to $2.1 million
- GAAP net loss per share in the range of $0.06 to $0.08.
- GAAP net loss in the range of $3.3 million to $4.3 million.
- GAAP net loss per share in the range of $0.13 to $0.17.
- Stock-based compensation and related taxes
- Amortization of intangible assets and acquisition-related costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
+3.0%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+0.6%
Avg return
30 days after
77%
33 / 43 earnings
Positive
+21.3%
Q2 2025
Best reaction
-29.2%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +11.6% | +9.6% | +13.2% | |
| Q3 2026 | -15.3% | -4.6% | -7.5% | |
| Q2 2026 | +7.6% | +5.6% | +2.0% | |
| Q1 2026 | +1.3% | +0.7% | -6.1% | |
| Q4 2025 | +2.3% | +0.1% | -11.8% | |
| Q3 2025 | +7.5% | +2.0% | -4.7% | |
| Q2 2025 | +21.3% | +15.0% | +25.8% | |
| Q1 2025 | +12.4% | +13.5% | +25.1% | |
| Q4 2024 | -12.4% | -6.1% | -17.6% | |
| Q3 2024 | -9.5% | -13.2% | -11.7% | |
| Q2 2024 | +3.2% | +1.3% | -2.7% | |
| Q1 2024 | -5.4% | -3.6% | +7.0% | |
| Q4 2023 | +0.8% | -0.9% | -4.3% | |
| Q3 2023 | +0.2% | -4.3% | -11.3% | |
| Q2 2023 | +4.3% | +8.8% | +1.7% | |
| Q1 2023 | +0.6% | +4.0% | -12.2% | |
| Q4 2022 | -11.7% | -12.2% | -6.8% | |
| Q3 2022 | +0.1% | +4.2% | +8.7% | |
| Q2 2022 | +18.4% | +11.9% | -0.4% | |
| Q1 2022 | +15.7% | +18.3% | +28.0% | |
| Q4 2021 | +2.8% | +1.4% | +0.3% | |
| Q3 2021 | +10.2% | +5.1% | -1.4% | |
| Q2 2021 | +1.6% | -5.8% | -15.2% | |
| Q1 2021 | +14.4% | +0.7% | +21.1% | |
| Q4 2020 | +11.4% | +6.2% | -19.3% | |
| Q3 2020 | +8.5% | +20.9% | +24.8% | |
| Q2 2020 | +7.7% | +3.6% | -13.5% | |
| Q1 2020 | -16.9% | -20.5% | -23.3% | |
| Q4 2019 | -1.4% | -4.2% | -19.2% | |
| Q3 2019 | +13.8% | +9.0% | +1.4% | |
| Q2 2019 | +3.8% | +0.6% | +1.9% | |
| Q1 2019 | +0.0% | -3.6% | +0.4% | |
| Q4 2018 | +7.1% | +5.3% | +3.6% | |
| Q3 2018 | +16.5% | +13.5% | +20.5% | |
| Q2 2018 | +12.7% | +18.5% | +24.2% | |
| Q1 2018 | -29.2% | -25.3% | -28.8% | |
| Q4 2017 | +3.2% | -4.7% | +12.1% | |
| Q3 2017 | +2.2% | -2.2% | -3.3% | |
| Q2 2017 | +2.0% | +12.1% | +2.9% | |
| Q1 2017 | +8.7% | +14.7% | +20.3% | |
| Q4 2016 | +4.4% | — | — | |
| Q3 2016 | -9.0% | — | — | |
| Q2 2016 | +1.4% | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — |
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