Ooma (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 diluted share, in the fourth quarter fiscal 2019. Non-GAAP net income was $1.0 million, or $0.04 per diluted share, compared to a non-GAAP net loss of $0.7 million, or $0.03 per basic and diluted share in the prior year period.
• Adjusted EBITDA: Adjusted EBITDA was $1.4 million, compared to negative $0.5 million in fourth quarter fiscal 2019.

“The fourth quarter of our 2020 fiscal year was outstanding for Ooma, with significant growth in recurring revenues and continued execution of our strategy to expand Ooma Business,” said Eric Stang, chief executive officer of Ooma. “Revenues grew 17% year-over-year, driven by 61% growth in Ooma Business subscription and services revenue. With our business solutions today serving customers from one user to more than 20,000 users, we are well positioned to grow Ooma Business with our award-winning offering for small businesses and custom solutions for larger enterprises.”

GUIDANCE:

Ooma sees Q1 2021 EPS of $0.02-$0.04, versus the consensus of ($0.01). Ooma sees Q1 2021 revenue of $40-40.5 million, versus the consensus of $39.43 million.

Ooma sees FY2021 EPS of $0.09-$0.17, versus the consensus of ($0.07). Ooma sees FY2021 revenue of $167-170 million, versus the consensus of $150.83 million.

For the first quarter of fiscal 2021, Ooma expects:

• Total revenue in the range of $40.0 million to $40.5 million.
• GAAP net loss in the range of $2.5 million to $3.0 million and GAAP net loss per share in the range of $0.12 to $0.14.
• Non-GAAP net income in the range of $0.5 million to $1.0 million and non-GAAP net income per share in the range of $0.02 to $0.04.

For the full fiscal year 2021, Ooma expects:

• Total revenue in the range of $167.0 million to $170.0 million.
• GAAP net loss in the range of $10.5 million to $12.5 million, and GAAP net loss per share in the range of $0.48 to $0.56
• Non-GAAP net income in the range of $2.0 million to $4.0 million, and non-GAAP earnings per share in the range of $0.09 to $0.17.

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