Ooma (OOMA) Tops Q4 EPS by 1c, Offers FY17 Guidance

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Go back to Ooma (OOMA) Tops Q4 EPS by 1c, Offers FY17 Guidance

Ooma Reports Fourth Quarter and Fiscal Year 2016 Financial Results

March 10, 2016 4:15 PM EST

PALO ALTO, Calif., March 10, 2016 /PRNewswire/ -- Ooma, Inc. (NYSE: OOMA), a leading smart business and home communications company, today released financial results for the fourth quarter and fiscal year ended January 31, 2016.

Fourth Quarter Fiscal 2016 Financial Highlights:

Revenue: Total revenue of $24.3 million, up 16% year-over-year. Subscription and services revenue increased 29% year-over-year to $20.6 million, and was 85% of total revenue. Product and other revenue decreased 25% year-over-year to $3.7 million, and was 15% of total revenue. Net Loss: GAAP net loss was $3.2... More