Ooma (NYSE: OOMA) reported Q4 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $34.7 million versus the consensus estimate of $33.21 million.

Fourth Quarter Fiscal 2019 Financial Highlights

• Revenue: Total revenue was $34.7 million, up 15% year-over-year. Subscription and services revenue increased to $30.9 million and was 89% of total revenue, driven by 16% year-over-year growth in Ooma Business and Ooma Residential.
• Net Loss: GAAP net loss was $3.5 million, or $0.17 per basic and diluted share, compared to GAAP net loss of $2.9 million, or $0.15 per basic and diluted share, in the fourth quarter fiscal 2018. Non-GAAP net loss was $0.7 million, or $0.03 per basic and diluted share, compared to non-GAAP net loss of $0.5 million, or $0.03 per basic and diluted share, in the prior year period.
• Adjusted EBITDA: Adjusted EBITDA was ($0.5) million compared to ($0.2) million in the prior year period.

“The fourth quarter of our 2019 fiscal year was outstanding for Ooma, with significant growth in recurring revenues and continued execution on our key strategic initiatives,” said Eric Stang, chief executive officer of Ooma. “Revenues grew 15% year-over-year, driven by 50% growth in Ooma Business subscription and services revenue. We progressed well on each of our three key initiatives, which are to grow Ooma Office and Ooma Enterprise and to expand our smart security solution. We remain confident that our focus on these initiatives will enhance our leadership position and further our growth.”

GUIDANCE:

Ooma sees Q1 2020 EPS of ($0.06)-($0.04). Ooma sees Q1 2020 revenue of $33.5-34 million, versus the consensus of $33.1 million.

Ooma sees FY2020 EPS of ($0.24)-($0.14), versus the consensus of ($0.03). Ooma sees FY2020 revenue of $140-143 million, versus the consensus of $140.37 million.

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