Ooma (OOMA) Tops Q4 EPS by 1c, Offers FY17 Guidance
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Ooma Reports Fourth Quarter and Fiscal Year 2016 Financial Results
March 10, 2016 4:15 PM ESTPALO ALTO, Calif., March 10, 2016 /PRNewswire/ --Â Ooma, Inc. (NYSE: OOMA), a leading smart business and home communications company, today released financial results for the fourth quarter and fiscal year ended January 31, 2016.
Fourth Quarter Fiscal 2016 Financial Highlights:
Revenue: Total revenue of $24.3 million, up 16% year-over-year. Subscription and services revenue increased 29% year-over-year to $20.6 million, and was 85% of total revenue. Product and other revenue decreased 25% year-over-year to $3.7 million, and was 15% of total revenue. Net Loss: GAAP net loss was $3.2... More