Ooma Inc. Files Q3 2024 10-Q

TL;DR

Ooma's Q3 10-Q is in, check the latest revenue and equity figures.

AI Summary

Ooma Inc. filed its 10-Q for the period ending October 31, 2024. The company reported subscription and services revenue for the nine months ended October 31, 2024. Key financial items include common stock and additional paid-in capital as of October 31, 2024, and accumulated other comprehensive income as of April 30, 2023, and July 31, 2024.

Why It Matters

This filing provides investors with an update on Ooma's financial performance and position for the third quarter of fiscal year 2025, crucial for understanding the company's ongoing operations and revenue streams.

Risk Assessment

Risk Level: medium — The filing contains standard financial reporting for a public company, but the specific financial details and future outlook presented within the full report could indicate varying levels of risk.

Key Numbers

• 2024-10-31 — Period End Date (The reporting period for this 10-Q filing.)
• 2024-05-01 — Start of Accumulated Other Comprehensive Income Period (Indicates the beginning of the period for which accumulated other comprehensive income is reported.)
• 2023-04-30 — Accumulated Other Comprehensive Income Date (A specific date for which accumulated other comprehensive income is reported.)

Key Players & Entities

• OOMA INC (company) — Filer
• 2024-10-31 (date) — Period End Date
• 525 ALMANOR AVENUE SUITE 200 SUNNYVALE CA 94085 (address) — Business and Mail Address
• Global Telecom Corporation (company) — Mentioned in relation to financial reporting
• Two Thousand Six Hundred Hz Inc (company) — Mentioned in relation to a date

FAQ

Key Financial Figures

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

Filing Documents

• ooma-20241031.htm (10-Q) — 2271KB
• ooma-ex31_1.htm (EX-31.1) — 19KB
• ooma-ex31_2.htm (EX-31.2) — 18KB
• ooma-ex32_1.htm (EX-32.1) — 12KB
• ooma-ex32_2.htm (EX-32.2) — 13KB
• 0000950170-24-134668.txt ( ) — 7938KB
• ooma-20241031.xsd (EX-101.SCH) — 1098KB
• ooma-20241031_htm.xml (XML) — 1242KB

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 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 60 Item 5. Other Information 60 Item 6. Exhibits 60

Signatures

Signatures 62 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) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 17,131 $ 17,536 Accounts receivable, net 8,225 9,864 Inventories 13,177 19,782 Other current assets 16,556 16,497 Total current assets 55,089 63,679 Property and equipment, net 11,586 9,897 Operating lease right-of-use assets 15,329 17,041 Intangible assets, net 23,591 27,952 Goodwill 23,069 23,069 Other assets 20,940 17,615 Total assets $ 149,604 $ 159,253 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 6,764 $ 7,848 Accrued expenses and other current liabilities 27,147 26,586 Deferred revenue 16,952 17,041 Total current liabilities 50,863 51,475 Long-term operating lease liabilities 12,211 13,676 Debt, net of current portion 3,000 16,000 Deferred revenue, non-current 24 15 Total liabilities 66,098 81,166 Commitments and contingencies (Note 11) Stockholders' equity: Common stock 5 5 Additional paid-in capital 223,419 211,361 Accumulated other comprehensive loss — ( 1 ) Accumulated deficit ( 139,918 ) ( 133,278 ) Total stockholders' equity 83,506 78,087 Total liabilities and stockholders' equity $ 149,604 $ 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 Nine Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Revenue: Subscription and services $ 60,135 $ 55,886 $ 178,090 $ 163,661 Product and other 4,992 3,970 13,665 11,400 Total revenue 65,127 59,856 191,755 175,061 Cost of rev

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View this 10-Q filing on SEC EDGAR