Ooma (OOMA) Tops Q1 EPS by 1c, Beats on Revenues; Offers FY18 EPS/Revenue Mid-Point Outlooks Above Consensus
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Ooma Reports First Quarter Fiscal Year 2019 Financial Results
May 22, 2018 4:15 PM EDTSUNNYVALE, Calif., May 22, 2018 (GLOBE NEWSWIRE) -- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the first quarter fiscal 2019 ended April 30, 2018.
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... More