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

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

Ooma Reports Third Quarter Fiscal 2020 Financial Results

November 21, 2019 4:15 PM EST

SUNNYVALE, Calif., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the third quarter fiscal 2020 ended October 31, 2019.

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 share,... More