Overview

* Ooma ( OOMA ) fiscal Q2 rev grows 3% yr/yr, in line with analysts' expectations

* Adjusted EPS for fiscal Q2 beats consensus

* Adjusted EBITDA for fiscal Q2 exceeds estimates, per LSEG data

Outlook

* Ooma ( OOMA ) expects Q3 revenue between $67.2 mln and $67.9 mln

* Projects Q3 GAAP net income of $0.9 mln to $1.3 mln

* Co anticipates Q3 non-GAAP net income of $6.0 mln to $6.4 mln

* Maintains full-year revenue guidance of $267 mln to $270 mln

* Ooma ( OOMA ) raises full-year GAAP net income guidance to $3.5 mln to $4.0 mln

* Ooma ( OOMA ) increases full-year non-GAAP net income guidance to $24.5 mln to $25.0 mln

Result Drivers

* SUBSCRIPTION REVENUE - Subscription and services revenue increased to $61.1 mln, driven by growth in Ooma Business

* NON-GAAP EPS GROWTH - Non-GAAP EPS grew 52% yr/yr, attributed to operational improvements

* ADJUSTED EBITDA INCREASE - Adjusted EBITDA rose 27% yr/yr, reflecting enhanced efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 In-line $66.40 $66.40

Revenue mln mln (6

Analysts

)

Q2 Beat $0.23 $0.2 (6

Adjusted Analysts

EPS )

Q2 EPS -$0.04

Q2 Beat $6.50 $5.76

Adjusted mln mln (5

Net Analysts

Income )

Q2 Net -$1.30

Income mln

Q2 Beat $7.20 $7.18

Adjusted mln mln (6

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Ooma Inc ( OOMA ) is $17.75, about 32.5% above its August 25 closing price of $11.98

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)