Q3 2026 Ooma Inc Earnings Call Transcript
Key Points
- Ooma Inc (OOMA) reported a solid Q3 financial performance with revenue growth to $67.6 million and a record non-GAAP net income of $7.7 million.
- The company achieved a record adjusted EBITDA of $8.6 million, representing 13% of revenue, up from 11% in Q2.
- Ooma Inc (OOMA) successfully closed the acquisition of FluentStream, expected to add significant revenue and EBITDA annually.
- The company made progress in its business solutions, including securing its largest hospitality win to date with a hotel in Las Vegas.
- Ooma Inc (OOMA) launched an updated version of AirDial, which is less costly to manufacture and offers improved features, contributing to its long-term goal of securing 300,000 AirDial lines.
- The Q4 revenue guidance was slightly below expectations due to AirDial installation pushouts, attributed to customer-side delays.
- Residential subscription revenue declined by 1% year over year, indicating challenges in maintaining growth in this segment.
- The company faces potential risks and uncertainties that could impact future financial performance, as highlighted in their forward-looking statements.
- Product and other gross margins remain negative, although improved from the previous year, indicating ongoing challenges in this area.
- The acquisitions of FluentStream and Phone.com, while promising, require careful integration to avoid potential disruptions to Ooma Inc (OOMA)'s existing operations.
Hello, and welcome to Ooma Inc.'s third-quarter fiscal year 2026 financial results. (Operator Instructions)
I'd now like to hand the conference over to Matthew Robinson. Sir, you may begin.
Thank you, Towanda. Good day, everyone, and welcome to the fiscal third-quarter 2026 earnings call of Ooma, Inc. My name is Matt Robison, I'm Director of IR and Corporate Development. On the call with me today are Ooma's CEO, Eric Stang; and CFO, Shig Hamamatsu.
After the market closed today, Ooma issued its fiscal third quarter 2026 earnings press release. This release is also available on the company's website, ooma.com.
This call is being webcast live and is accessible from a link on the Events & Presentations page of the Investor Relations section of our website. This link will be active for replay of this call for one year.
During today's presentation, our executives will make forward-looking statements within the meaning of the federal securities laws. Forward
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