Ooma, Inc.

Good day, and thank you for standing by. Welcome to the Yuma, Inc. First Quarter Fiscal Year 2026 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To ask for a question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Matt Robison. Please go ahead.

Thanks, Lisa. Good day, everyone, and welcome to the Fiscal First Quarter 2026 Earnings Call with UMA, Inc. My name is Matt Robison, UMA's Director of IR and Corporate Development. On the call with me today are UMA's CEO, Eric Stang, and CFO, Shig Hamamatsu. After the market closed today, UMA issued its Fiscal First Quarter 2026 Earnings Press Release. This release is also available on the company's website, UMA.com. This call is being webcast live and is accessible from a link on the events and 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-looking statements generally relate to future events or future financial or operating performance. Our expectations and beliefs regarding these matters may not materialize, and actual results are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include those set forth in the press release we issued earlier today, and those risks more fully described in our filings with the Securities and Exchange Commission. The forward-looking statements in this presentation are based on information available to us as of the date hereof, and we disclaim any obligation to update any forward-looking statements except as required by law. Please note that, other than revenue or as otherwise stated, the financial measures to be disclosed on this call will be on a non-GAAP basis. The non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A discussion of why we present non-GAAP financial measures and a reconciliation of the non-GAAP financial measures discussed in this call to the most directly comparable GAAP financial measures is included in our earnings press release, which is available on our website. On this call, we will give guidance for second quarter and full year fiscal 2026 on a non-GAAP basis. Also, in addition to our press release and 8K filing, the overview page and events and presentations page in the investor relations section of our website, as well as the quarterly results page of the financial information section of our website, include links to information about costs and expenses not included in our non-GAAP values and key metrics of our core subscription businesses. These are titled Supplemental Financial Disclosure 1 and Supplemental Financial Disclosure 2. Additionally, our investor presentation slides include gap to non-gap reconciliation that also provides a resolution of gap expenses that are excluded from non-gap metrics. Now, I will hand the call over to UMA CEO, Eric Stang.

Thank you, Matt. Hi, everyone. Welcome to UMA's first quarter fiscal year 2026 earnings call. Thank you for joining us. We're pleased to report solid Q1 financial results and share with you the strong start we are making to this fiscal year. For our first quarter of FY26, we achieved $65 million of revenue, $5.6 million of non-GAAP net income, and $6.7 million of adjusted EBITDA. We're particularly pleased that our net income and adjusted EBITDA exceeded the top end of our range, and we were off to a good start toward driving higher profitability this year. Our revenue growth was 4% year-over-year, which was near the high end of our guidance range as we build momentum this year, particularly for Airdial growth. I'm pleased to say we made particularly great progress on Airdial in Q1 and are optimistic about our outlook, which I will touch on in a few moments. As you know, we focus on four market segments, cloud communications, specifically designed for smaller-sized businesses, POTS replacement for both business and residential customers, wholesale platform services, and residential telephony. We believe we're a leader in each of these segments. Our cloud communications solutions performed well in Q1, though our overall results were dampened a little by some expected rightsizing at our largest customer, Regus. Regus remains a very important customer, and I'm pleased to report that the right sizing of their business, which we announced starting two quarters ago, is now fully behind us. Both UMA Office and UMA Enterprise performed well in Q1, especially in certain verticals we target. Sequentially versus Q4, UMA Office expanded the number of new account wins and users. Success in verticals such as dental and medical, insurance and financial services, and legal helped drive this, as did an expanding number of larger-sized account wins as we enhanced Ooma Office's features to serve larger customers. Along with this, 61% of new Office users in Q1 opted for a premium service tier, which may be our highest ever. Regarding Ooma Enterprise, you'll recall that hospitality and hotels is one of our key verticals. Our steady progress in this vertical is paying off, and I'm pleased to report that we now serve more than 500 hotels across North America. Switching now to UMA Airdial, our business POTS replacement solution, I have several pieces of good news to share. First, you'll recall that we announced a quarter ago that a major cable company will be reselling Airdial, and we hoped to launch with them in Q1 of this year. I'm very pleased to share with you today that this partner of ours is Comcast, and they launched Airdial on schedule. As I'm sure you can appreciate, their reach is extensive, both with the largest companies in the United States and government entities as well. We are already engaged with them on some very large deals and are still just getting started. In addition, we have an expanding number of large deals in the sales funnel with our other resale partners as well. and achieved some notable new customer wins in Q1, which we believe will expand in scope as these customers implement Airdial in stages over time. Indicative of the Airdial momentum we see, we signed up several new Airdial reseller partners in Q1, our most ever in a single quarter. Some of these new reseller partners are SELECs, some are what you might call aggregators, and one is an end equipment provider and servicer. With these wins, we now exceed 30 reseller partners for Airdial, which we believe is significant. Finally, you'll recall I mentioned last quarter that Marriott certified Airdial for use at its properties. I can report that this relationship is underway, and we now have more than 100 Marriott properties in our sales pipeline. Our wholesale platform services, sold as 2600 Hz, also accelerated in Q1. I'm pleased to report we closed four new customers, which is our most ever in one quarter. These customers are relatively small in size and will take time to implement, but I think they are a great validation for our platform. We know these customers looked at other solutions before choosing UMA 2600 Hz. One customer is more of a CPaaS-type opportunity, much like our large customer win last year, Service Titan. As you know, we are excited that our platform offers the APIs and other requirements to win these CPaaS-type opportunities, as well as replace Broadsoft and Metaswitch in use by carriers and other UCaaS providers. So overall, I believe we made solid progress in Q1 and are off to a good start for fiscal 2026. I'll now turn the call over to Shig, our CFO, to discuss our results and outlook in more detail, and then return with some closing remarks.