Ooma Q1 Revenue Up 25% to $81.1M, Non-GAAP Profit Soars 73%
OOMA•Subscription and services revenue climbed 25% year-over-year to $81.1 million in Q1, driven by Ooma Business and contributions of $11.5 million from FluentStream and Phone.com. Non-GAAP net income rose 73% to $9.7 million ($0.35 per share), while adjusted EBITDA jumped 78% to $11.8 million.
1. Financial Performance
Ooma reported Q1 total revenue of $81.1 million, a 25% increase year-over-year, and GAAP net income of $2.6 million ($0.09 per share) compared to a loss of $0.1 million in the year-ago period.
2. Subscription and Services Growth
Subscription and services revenue totaled $74.6 million, up from $60.3 million, representing 92% of total revenue. The December acquisitions of FluentStream and Phone.com contributed $11.5 million, including $11.2 million in business subscription revenue.
3. Profitability Metrics
Non-GAAP net income rose 73% to $9.7 million ($0.35 per share) and adjusted EBITDA increased 78% to $11.8 million, reflecting strong operational leverage and successful integration of recent acquisitions.
4. Outlook and Guidance
Ooma forecast Q2 revenue of $81.6–$82.3 million and non-GAAP EPS of $0.33–$0.34, while full-year revenue is guided at $326–$328.5 million with non-GAAP EPS of $1.29–$1.34.
