Ooma Reports First Quarter Fiscal Year 2019 Financial Results
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Ooma (OOMA) Tops Q1 EPS by 1c, Beats on Revenues; Offers FY18 EPS/Revenue Mid-Point Outlooks Above Consensus
May 22, 2018 4:18 PM EDTOoma (NYSE: OOMA) reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $30.2 million versus the consensus estimate of $29.72 million.
First Quarter Fiscal 2019 Financial Highlights
Revenue: Total revenue was $30.2 million, up 10% year-over-year. Subscription and services revenue increased to $27.3 million and was 90% of total revenue, driven by 20% year-over-year growth in our business and residential subscription and services revenue.Net Loss: GAAP net loss was $3.7 million, or $0.19 per basic and diluted share, compared to GAAP net loss of $3.4 million, or $0.19 per basic and diluted share, in the... More