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

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

Ooma Reports Second Quarter Fiscal Year 2021 Financial Results

August 25, 2020 4:15 PM EDT

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the second quarter fiscal 2021 ended July 31, 2020.

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... More