Ooma (OOMA) Tops Q1 EPS by 5c; Issues Mixed Outlook
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Ooma Reports First Quarter Fiscal Year 2018 Financial Results
May 23, 2017 4:15 PM EDTPALO ALTO, Calif., May 23, 2017 /PRNewswire/ -- Ooma, Inc. (NYSE: OOMA), a smart communications platform for small businesses and consumers, today released financial results for the first quarter ended April 30, 2017. Â Â Â
First Quarter Fiscal 2018 Financial Highlights:
Revenue: Total revenue was $27.6 million, up 13% year-over-year. Subscription and services revenue increased 12% year-over-year to $24.1 million, driven by 63% growth of Ooma Office subscription and services revenue. Product and other revenue increased 17% year-over-year to $3.5 million, and was 13% of total revenue. Net Loss: GAAP net loss was $3.4 million, or $0.19... More