Ooma (NYSE: OOMA) reported Q2 EPS of ($0.02), $0.02 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $28.2 million versus the consensus estimate of $27.72 million.

Business Outlook:

For the third quarter fiscal 2018, Ooma expects to report:

• Total revenue between $27.8 million to $28.3 million, which reflects the sale and transition out of Business Promoter.
• GAAP net loss in the range of $3.5 million to $4.0 million, non-GAAP net loss in the range of $0.4 million to $0.8 million.
• GAAP net loss per share in the range of $0.19 to $0.21, non-GAAP net loss per share in the range of $0.02 to $0.04 based on approximately 18.8 million basic and diluted weighted average common shares outstanding.

For the full fiscal year 2018, Ooma expects to report:

• Total revenue in the range of $113.0 million to $114.0 million, which reflects the sale and transition out of Business Promoter.
• GAAP net loss in the range of $13.3 million to $14.6 million, non-GAAP net loss in the range of $1.5 million to $2.3 million.
• GAAP net loss per share in the range $0.72 to $0.79, non-GAAP net loss per share in the range of $0.08 to $0.12 based on approximately 18.6 million basic and diluted weighted average common shares outstanding.

GUIDANCE:

Ooma sees FY2018 EPS of ($0.08)-($0.12), versus the consensus of ($0.12). Ooma sees FY2018 revenue of $113-114 million, versus the consensus of $113.77 million.

Second Quarter Fiscal 2018 Financial Highlights:

• Revenue: Total revenue was $28.2 million, up 11% year-over-year. Subscription and services revenue increased 12% year-over-year to $25.2 million, driven by 62% growth of Ooma Office subscription and services revenue. Product and other revenue decreased 3% year-over-year to $3.0 million, and was 11% of total revenue.
• Net Loss: GAAP net loss was $3.6 million, or $0.20 per basic and diluted share, compared to GAAP net loss of $3.3 million, or $0.19 per basic and diluted share, in the second quarter of fiscal 2017. Non-GAAP net loss was $0.4 million, or $0.02 per basic and diluted share, compared to non-GAAP net loss of $0.9 million, or $0.05 per basic and diluted share, in the second quarter of fiscal 2017.
• Adjusted EBITDA: Adjusted EBITDA was ($0.1) million for the second quarter of fiscal 2018 compared to ($0.5) million in the prior year period.

For earnings history and earnings-related data on Ooma (OOMA) click here.