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Jul 31, 2020
Ooma Q2 2021 Earnings Report
Ooma delivered strong financial results, achieving subscription revenue growth and non-GAAP profitability.
Key Takeaways
Ooma reported an 11% year-over-year increase in total revenue, reaching $41.4 million. Subscription and services revenue grew to $38.5 million, representing 93% of total revenue. The company achieved GAAP net loss of $0.4 million and a non-GAAP net income of $3.1 million.
Total revenue was $41.4 million, up 11% year-over-year.
Subscription and services revenue increased to $38.5 million, accounting for 93% of total revenue.
GAAP net loss was $0.4 million, or $0.02 per basic and diluted share.
Adjusted EBITDA was $3.7 million.
Revenue by Segment
Forward Guidance
Ooma expects for the third quarter of fiscal 2021 total revenue in the range of $41.0 million to $41.8 million, GAAP net loss in the range of $1.3 million to $1.8 million, and non-GAAP net income in the range of $1.7 million to $2.2 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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