Ooma Reports Fourth Quarter and Fiscal Year 2020 Financial Results
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Ooma (OOMA) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY21 EPS/Revenue Guidance Above Consensus
March 5, 2020 4:19 PM ESTOoma (NYSE: OOMA) reported Q4 EPS of $0.04, $0.04 better than the analyst estimate of $0.00. Revenue for the quarter came in at $40.6 million versus the consensus estimate of $39.89 million.
Fourth Quarter Fiscal 2020 Financial Highlights:
Revenue: Total revenue was $40.6 million, up 17% year-over-year. Subscription and services revenue increased to $37.4 million and was 92% of total revenue, driven by 22% year-over-year growth in combined Ooma Business and Ooma Residential services.Net Income/Loss: GAAP net loss was $2.3 million, or $0.11 per basic and diluted share, compared to GAAP net loss of $3.5 million, or $0.17 per basic and... More