Ooma Fiscal Q2 Non-GAAP Earnings Flat, Revenue Rises; Issues Guidance

04:49 PM EDT, 08/27/2024 (MT Newswires) -- Ooma (OOMA) reported fiscal Q2 non-GAAP earnings late Tuesday of $0.15 per diluted share, flat from a year earlier.

Analysts polled by Capital IQ expected $0.14.

Revenue for the quarter ended July 31 was $64.1 million, up from $58.4 million a year earlier.

Analysts surveyed by Capital IQ expected $62.7 million.

The company said it expects Q3 non-GAAP EPS of $0.15 to $0.16 and revenue to be between $64.2 million and $64.6 million.

Analysts polled by Capital IQ expect $0.15 and $63.1 million, respectively.

For fiscal 2025, the firm now expect non-GAAP EPS of $0.57 to $0.59 and revenue of $254.0 million to $255.5 million. It previously expected non-GAAP EPS of $0.55 and $0.58 on revenue of $250.7 million to $253.0 million.

Analysts surveyed by Capital IQ expect $0.57 and $252 million, respectively.

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