Ooma Reports Fourth Quarter and Fiscal Year 2021 Financial Results
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Ooma (OOMA) Tops Q4 EPS by 2c, Revenues Beat; Offers 1Q & FY21 Revenues Guidance Above Consensus, Provides 1Q & FY21 EPS Outlook
March 1, 2021 4:46 PM ESTOoma (NYSE: OOMA) reported Q4 EPS of $0.12, $0.02 better than the analyst estimate of $0.10. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $43.28 million.
Fourth Quarter Fiscal 2021 Financial Highlights:
Revenue: Total revenue was $44.3 million, up 9% year-over-year. Subscription and services revenue increased to $41.1 million from $37.4 million in the fourth quarter of fiscal 2020 and was 93% of total revenue, primarily driven by growth of Ooma Business.Net Income/Loss: GAAP net loss was $0.6 million, or $0.03 per basic and diluted share, compared to GAAP net loss of $2.3 million, or $0.11 per... More