Ooma (OOMA) Tops Q3 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus
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Ooma Reports Third Quarter Fiscal Year 2019 Financial Results
November 27, 2018 4:15 PM ESTSUNNYVALE, Calif., Nov. 27, 2018 (GLOBE NEWSWIRE) -- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the third quarter of fiscal 2019 ended October 31, 2018.
Third Quarter Fiscal 2019 Financial Highlights
Revenue: Total revenue was $32.6 million, up 14% year-over-year. Subscription and services revenue increased to $29.8 million and was 91% of total revenue, driven by 20% year-over-year growth in our business and residential subscription and services revenue.Net Loss: GAAP net loss was $3.5 million, or $0.18 per basic and diluted share, compared to... More