Ooma Q4 2020 Earnings Report
Key Takeaways
Ooma, Inc. released financial results for the fourth quarter and fiscal year ended January 31, 2020. Total revenue was $40.6 million, up 17% year-over-year. GAAP net loss was $2.3 million, or $0.11 per basic and diluted share. Non-GAAP net income was $1.0 million, or $0.04 per diluted share. Adjusted EBITDA was $1.4 million.
Total revenue was $40.6 million, up 17% year-over-year.
Subscription and services revenue increased to $37.4 million, up 61% year-over-year.
GAAP net loss was $2.3 million, or $0.11 per basic and diluted share, compared to GAAP net loss of $3.5 million in the prior year period.
Adjusted EBITDA was $1.4 million, compared to negative $0.5 million in the prior year period.
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Forward Guidance
For the first quarter of fiscal 2021, Ooma expects total revenue in the range of $40.0 million to $40.5 million and GAAP net loss per share in the range of $0.12 to $0.14.