Reports Q3 revenue $56.7M, consensus $56.2M. "Ooma executed well in Q3, increasing revenue 15% year-over-year to $56.7M and attaining its highest-ever quarterly non-GAAP net income and adjusted EBITDA," said Eric Stang, CEO of Ooma. "We introduced new features for our Ooma Office Pro Plus tier of service, grew sales of Ooma Enterprise in select verticals including hospitality, expanded our user base in Europe in addition to North America, and added T-Mobile as a resale partner for AirDial, our new solution to replace businesses’ aging and expensive copper lines. We also continued the integration of our recent acquisition OnSIP and are pleased to report that OnSIP was adjusted EBITDA accretive in Q3, ahead of plan. Looking forward, we continue to see significant opportunity and remain focused on executing our strategy to drive profitable growth."
Published first on TheFly
