Getting a company to the point of profitability is a Herculean task, especially when the goal of that startup is to revolutionize phone services—and especially when the competition roster includes names such as AT&T (News - Alert) and Verizon Communications. These are just a few of the objectives that Internet telecom company Ooma, founded in 2003, is trying to accomplish, and a recent bit of news could hint at them being that much closer to success.

The company’s CEO announced that profitability is in the cards for them, shortly after its debut in the New York Stock Exchange. Ooma issued 5 million shares priced at $13 per share, a setup that brought in $65 million, most of which will be directed to further research for the enhancement of their product.

In an interview with The Street, CEO Eric Stang was asked about the $13-per-share price, which was lower than the initial $16 to $18 range.

Stang replied that investors may be “wary” due to disappointment from other players in the space, and that they need to be swayed through concrete results , and not just momentum—which Stang seems to have had a lot of over the past two years.

This momentum in large part has been fueled by the company’s Ooma Office product, which was formerly ranked by PCMag as the winner of the 2014 VoIP Business Choice award, beating out the likes of ShoreTel (News - Alert), Cisco, and RingCentral, among others. A few months ago, the company further enhanced its solution with the release of the Business Promoter System, adding features that help small businesses generate sales leads.

Ooma also boasts an Internet home phone service that provides free nationwide calling. And while the company has technically reported more losses for the 2015 fiscal year, Stang seems unfazed, and ready to take on the future.   

"We're growing nicely and not too far away from profitability,” he told The Street. “And if we continue our growth, I think we have a good outlook ahead."