Ooma Reports Second Quarter Fiscal Year 2021 Financial Results

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Go back to Ooma Reports Second Quarter Fiscal Year 2021 Financial Results

Ooma (OOMA) Tops Q2 EPS by 6c, Revenues Beat; Offers 3Q & FY21 EPS Guidance Above Consensus, FY21 Revenue Mid-Point Guidance Above Consensus

August 25, 2020 4:20 PM EDT

Ooma (NYSE: OOMA) reported Q2 EPS of $0.13, $0.06 better than the analyst estimate of $0.07. Revenue for the quarter came in at $41.4 million versus the consensus estimate of $40.22 million.

Second Quarter Fiscal 2021 Financial Highlights:

Revenue: Total revenue was $41.4 million, up 11% year-over-year. Subscription and services revenue increased to $38.5 million and was 93% of total revenue, driven by 12% year-over-year growth in combined Ooma Business and Ooma Residential services.Net Income/Loss: GAAP net loss was $0.4 million, or $0.02 per basic and diluted share, compared to GAAP net loss of $5.0 million, or $0.24 per basic and diluted share, in... More