Ooma Inc. Files Q1 FY2025 10-Q Report

TL;DR

Ooma's Q1 FY25 10-Q is in. Check financials.

AI Summary

Ooma Inc. filed its 10-Q for the period ending April 30, 2024. The company reported its financial results for the first quarter of fiscal year 2025. Key financial data and business operations for the period are detailed within the filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational updates for Ooma Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial reporting for a public company, but specific risks related to customer concentration and product concentration are mentioned.

Key Numbers

• 2024-04-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2023-02-01 — Start of Fiscal Year 2024 (Marks the beginning of the prior fiscal year, relevant for comparative analysis.)
• 2024-01-31 — End of Fiscal Year 2024 (Marks the end of the prior fiscal year, relevant for comparative analysis.)
• 2023-02-01 — Start of Fiscal Year 2024 (RSU context) (Specific date range for Restricted Stock Units (RSUs) activity.)
• 2023-04-30 — End of Q1 FY2024 (RSU context) (Specific date range for Restricted Stock Units (RSUs) activity.)

Key Players & Entities

• OOMA INC (company) — Filer of the 10-Q
• 2024-04-30 (date) — End of reporting period
• 2024-01-31 (date) — Previous fiscal year end
• TwoThousandSixHundredHzIncMember (company) — Mentioned in relation to a date
• 525 ALMANOR AVENUE (address) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 OOMA The New York Stock Exchange

Filing Documents

• ooma-20240430.htm (10-Q) — 1614KB
• ooma-ex10_1.htm (EX-10.1) — 29KB
• ooma-ex31_1.htm (EX-31.1) — 18KB
• ooma-ex31_2.htm (EX-31.2) — 16KB
• ooma-ex32_1.htm (EX-32.1) — 10KB
• ooma-ex32_2.htm (EX-32.2) — 12KB
• 0000950170-24-070813.txt ( ) — 6603KB
• ooma-20240430.xsd (EX-101.SCH) — 1078KB
• ooma-20240430_htm.xml (XML) — 961KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited): 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.

Controls and Procedures

Controls and Procedures 25

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 58 Item 5. Other Information 58 Item 6. Exhibits 58

Signatures

Signatures 60 Ooma | FY2025 Form 10-Q | 2

— FINANCI AL INFORMATION

PART I — FINANCI AL INFORMATION

Financ ial Statements

Item 1. Financ ial Statements OOMA, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (Unaudited, amounts in thousands) April 30, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 15,585 $ 17,536 Accounts receivable, net 10,833 9,864 Inventories 17,263 19,782 Other current assets 13,701 16,497 Total current assets 57,382 63,679 Property and equipment, net 10,648 9,897 Operating lease right-of-use assets 16,596 17,041 Intangible assets, net 26,468 27,952 Goodwill 23,069 23,069 Other assets 21,072 17,615 Total assets $ 155,235 $ 159,253 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 10,803 $ 7,848 Accrued expenses and other current liabilities 22,136 26,586 Deferred revenue 16,474 17,041 Total current liabilities 49,413 51,475 Long-term operating lease liabilities 13,317 13,676 Debt, net of current portion 11,500 16,000 Deferred revenue, non-current 17 15 Total liabilities 74,247 81,166 Commitments and contingencies (Note 11) Stockholders' equity: Common stock 5 5 Additional paid-in capital 216,401 211,361 Accumulated other comprehensive loss ( 1 ) ( 1 ) Accumulated deficit ( 135,417 ) ( 133,278 ) Total stockholders' equity 80,988 78,087 Total liabilities and stockholders' equity $ 155,235 $ 159,253 See notes to condensed consolidated financial statements Ooma | FY2025 Form 10-Q | 3 OOMA, INC. CONDENSED CONSOLIDATED S TATEMENTS OF OPERATIONS (Unaudited, amounts in thousands, except share and per share data) Three Months Ended April 30, 2024 April 30, 2023 Revenue: Subscription and services $ 58,389 $ 53,049 Product and other 4,110 3,803 Total revenue 62,499 56,852 Cost of revenue: Subscription and services 17,460 14,725 Product and other 6,924 6,175 Total cost of revenue 24,384

View Full Filing

View this 10-Q filing on SEC EDGAR