On this page of StockholderLetter.com we present the latest annual shareholder letter from OOMA INC — ticker symbol OOMA. Reading current and past OOMA letters to shareholders can bring important insights into the investment thesis.

 •  4/18/2025 Letter Continued (Full PDF)
 •  4/14/2023 OOMA Stockholder Letter
 •  4/18/2024 OOMA Stockholder Letter
 •  More "Application Software" Category Stockholder Letters
 •  OOMA Benford's Law Stock Score = 99

OOMA Shareholder/Stockholder Letter Transcript:

Ooma, Inc.
Fiscal Year 2025
Proxy Statement and Annual Report

Dear Stockholders,
I am pleased to report that Ooma performed well and achieved several important milestones in Fiscal 2025.
We enter Fiscal 2026 with clear strategies, leading positions in the market segments we target, and a solid
financial foundation to support our continued success.
In Fiscal 2025, Ooma posted $256.9 million in revenue and $18 million in non-GAAP net income, up 8%
and 17% respectively compared to the prior fiscal year. Importantly, we generated cash flow from operations of
$26.6 million, which is more than double what was achieved in the prior fiscal year. These results enabled
Ooma to pay off all outstanding debt and enter Fiscal 2026 in a strong, debt free financial position.
Our strategy is to provide leading communications and related services that deliver advanced features,
superior ease of use, and uncommon value to businesses and consumers worldwide. Ooma is focused today on
four key market segments where we believe our solutions bring unique value to customers: Ooma Office for
small business communications, Ooma AirDial for replacing aging and increasingly expensive copper lines,
Ooma 2600Hz for providing other communications providers a wholesale platform/services, and Ooma Telo for
residential telephony.
We are excited about our growth prospects in each of our target segments. We believe there are millions of
small businesses in North America with 1-20 employees who have yet to move to a modern, cloud-based
communications solution. And with the advances in features we are making, we believe Ooma Office will
increasingly appeal to medium sized businesses too. We also believe there are millions of copper lines to be
replaced, customer interest in doing so is expanding, and Ooma AirDial is the ideal solution for this growing
market opportunity. We also see opportunity for Ooma Telo to replace residential copper lines. And finally, we
believe that carriers and others are increasingly looking for a replacement to the traditional wholesale platforms
they have used to date, as those platforms become more expensive and fall behind in the features they offer.
During Fiscal 2025, Ooma achieved several strategic milestones. We strengthened our solutions in each of
our target segments, expanded our go-to-market activities, and signed several new strategic partners. Of note,
we announced new partnerships with Frontier Communications, with a large national cable company, and with a
medium sized competitive local exchange carrier, all of which want to resell Ooma AirDial for copper line
replacement and two of which also want to resell Ooma Telo for residential line replacement. We also
announced that Service Titan will use Ooma 2600Hz as the foundation for its next generation solution. Our
strategy includes adding resellers of our solutions going forward.
We also made progress during Fiscal 2025 leveraging our valuable customer base to realize improved
bottom line results. With our growing high margin recurring revenue, which made up 93% of Ooma   s total
revenue for Fiscal 2025, and improving bottom line results, we believe Ooma   s strategy can create strong value
for stockholders. And, while increased tariffs and the possibility of a worsening economy may create
challenges, we also feel our high concentration of recurring revenue and ability to generate savings and
improved value for many of our customers will help us respond to these challenges.
I would like to thank Ooma   s employees, stockholders and other stakeholders for your support and
commitment to Ooma. Everyone at Ooma is committed to capitalizing on the opportunities in front of us and
driving results.
Sincerely,
Eric B. Stang
Chairman, President and Chief Executive Officer

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant
Filed by a party other than the Registrant
Check the appropriate box:
Preliminary Proxy Statement
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
Definitive Proxy Statement
Definitive Additional Materials
Soliciting Material Pursuant to   240.14a-11(c) or   240.14a-2
OOMA, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
No fee required.
Fee paid previously with preliminary materials.
Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

525 Almanor Avenue, Suite 200, Sunnyvale, California 94085
NOTICE OF 2025 ANNUAL MEETING OF STOCKHOLDERS
To Be Held On Thursday, June 5, 2025
Dear Stockholders of Ooma, Inc.:
We are pleased to invite you to attend our 2025 Annual Meeting of Stockholders, which will be a virtual
meeting to be held on June 5, 2025, at 9:30 a.m. Pacific Time via live webcast on the Internet at
www.virtualshareholdermeeting.com/ooma2025 (the    Annual Meeting   ), where you will be able to attend and
participate in the Annual Meeting online, submit questions and vote your shares electronically. There will be no
physical location for the Annual Meeting. We are embracing the latest technology to provide expanded access,
improved communication and cost savings for our stockholders and Ooma. Additionally, although the live webcast
is available only to stockholders as of the record date at the time of the meeting, following completion of the Annual
Meeting, a webcast replay will be posted to the Investor Relations section of our website, which is located at
https://investors.ooma.com.
At the Annual Meeting, we will ask you to consider the following proposals:

To elect three Class I directors;

To ratify the appointment of KPMG LLP as our independent registered public accountants for the fiscal
year ending January 31, 2026;

To hold a non-binding advisory vote on the compensation of our named executive officers, as described
in this proxy statement;

To approve an amendment and restatement of the Ooma, Inc. 2015 Equity Incentive Plan;

To approve an amendment and restatement of the Ooma, Inc. 2015 Employee Stock Purchase Plan; and

To transact such other business that may properly come before the Annual Meeting or any adjournment
or postponement thereof.
Please use this opportunity to take part in our affairs by voting on the business to come before the
Annual Meeting. You will receive a Notice of Internet Availability of Proxy Materials (the    Notice   ), which we
expect to mail on or about April 18, 2025, unless you have previously requested to receive our proxy materials in
paper form. Only stockholders of record at the close of business on April 10, 2025 may vote at the Annual Meeting
and any postponements or adjournments of the meeting. All stockholders are cordially invited to participate in the
Annual Meeting and any postponements or adjournments of the meeting. However, to ensure your representation at
the Annual Meeting, please vote as soon as possible by using the Internet or telephone, as instructed in the Notice.
Alternatively, you may follow the procedures outlined in the Notice to request a paper proxy card to submit your
vote by mail. See    If I am a stockholder of record of Ooma   s shares, how can I vote my shares?    or    If I am a
beneficial owner of Ooma   s shares held in street name, how can I vote my shares?    in the Proxy Statement for more
details. Returning the paper proxy card or voting electronically does NOT deprive you of your right to participate in
the meeting and to vote your shares in person for the matters acted upon at the meeting.
Your vote is important. Whether or not you expect to participate in the Annual Meeting, please submit
your proxy electronically via the Internet or by telephone by following the instructions in the Notice or if you
asked to receive the proxy materials in paper form, please complete, sign and date the proxy card and return
it in the postage paid envelope provided.
Sincerely,
Sunnyvale, California
April 18, 2025
Eric B. Stang
President, Chief Executive Officer and Chairman of
the Board of Directors
Important Notice Regarding the Availability of Proxy Materials for the Annual
Stockholder Meeting To Be Held on June 5, 2025: The Proxy Statement, along with the
Annual Report on Form 10-K for the fiscal year ended January 31, 2025, is available free of
charge at the following website: www.proxyvote.com.

PROXY STATEMENT
2025 ANNUAL MEETING OF STOCKHOLDERS
To Be Held On Thursday, June 5, 2025
QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR ANNUAL
MEETING
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Directors
Executive Officers
Board Composition
Board Meetings and Director Communications
Director Independence
Board Committees
Nominations Process and Director Qualifications
Compensation Committee Interlocks and Insider Participation
Code of Ethics and Business Conduct
Board Leadership Structure
Lead Non-Management Director
Board   s Role in Risk Oversight
Information Security
Outside Director Compensation
Delinquent Section 16(a) Reports
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
EXECUTIVE COMPENSATION
Compensation Discussion and Analysis
Executive Summary
Compensation Philosophy and Objectives
Compensation Design
Processes and Procedures for Compensation Decisions
Compensation Peer Group
Elements of Our Executive Compensation Program
Other Compensation Policies
Tax and Accounting Considerations
Compensation Committee Report
Fiscal 2025 Summary Compensation Table
Fiscal 2025 Grants of Plan-Based Awards Table
Fiscal 2025 Outstanding Equity Awards at Fiscal Year-End Table
Option Exercises and Stock Awards Vested in Fiscal 2025 Table
Executive Employment Arrangements and Potential Payments Upon Termination or Change in
Control
CEO Pay Ratio
Pay Versus Performance
LIMITATION OF LIABILITY AND INDEMNIFICATION MATTERS
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
Policies and Procedures for Related Party Transactions
COMMUNICATIONS WITH OUR BOARD OF DIRECTORS
AUDIT COMMITTEE REPORT
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 4/18/2025 Letter Continued (Full PDF)