Ooma Reports Third Quarter Fiscal 2020 Financial Results

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Go back to Ooma Reports Third Quarter Fiscal 2020 Financial Results

UPDATE: Ooma (OOMA) Tops Q3 EPS by 6c, Revenues Beat; Offers Q4 & FY20 EPS Guidance

November 21, 2019 4:23 PM EST

(Updated - November 21, 2019 4:27 PM EST)

Ooma (NYSE: OOMA) reported Q3 EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $39.6 million versus the consensus estimate of $38.39 million.

Third Quarter Fiscal 2020 Financial Highlights

Revenue: Total revenue was $39.6 million, up 21% year-over-year. Subscription and services revenue increased to $36.5 million and was 92% of total revenue, driven by 24% year-over-year growth in combined Ooma Business and Ooma Residential services.Net Income/Loss: GAAP net loss was $6.8 million, or $0.32 per basic and diluted... More