Ooma (OOMA) Tops Q3 EPS by 5c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus

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Go back to Ooma (OOMA) Tops Q3 EPS by 5c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus

Ooma Reports Third Quarter Fiscal Year 2021 Financial Results

November 19, 2020 4:15 PM EST

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

Third Quarter Fiscal 2021 Financial Highlights:

Revenue: Total revenue was $43.0 million, up 9% year-over-year. Subscription and services revenue increased to $39.6 million from $36.5 million in the third quarter of fiscal 2020, and was 92% of total revenue, driven by growth in combined Ooma Business and Ooma Residential services. Net Income/Loss: GAAP net loss was $0.4 million, or $0.02 per... More