Ooma Q4 2021 Earnings Report
Key Takeaways
Ooma's total revenue was $44.3 million, up 9% year-over-year. GAAP net loss was $0.6 million, or $0.03 per basic and diluted share. Non-GAAP net income was $2.8 million, or $0.12 per diluted share. Adjusted EBITDA was $3.6 million.
Total revenue was $44.3 million, up 9% year-over-year.
Subscription and services revenue increased to $41.1 million, representing 93% of total revenue.
GAAP net loss was $0.6 million, or $0.03 per basic and diluted share.
Adjusted EBITDA was $3.6 million, compared to $1.4 million in the fourth quarter of fiscal 2020.
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Ooma Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2022, Ooma expects total revenue in the range of $44.0 million to $44.8 million, GAAP net loss in the range of $1.2 million to $1.8 million, and non-GAAP net income in the range of $1.8 million to $2.4 million. For the full fiscal year 2022, Ooma expects total revenue in the range of $182.5 million to $185.5 million, GAAP net loss in the range of $6.2 million to $8.2 million, and non-GAAP net income in the range of $6.5 million to $8.5 million.
Positive Outlook
- Total revenue in the range of $44.0 million to $44.8 million for Q1 2022.
- GAAP net loss in the range of $1.2 million to $1.8 million for Q1 2022.
- Non-GAAP net income in the range of $1.8 million to $2.4 million for Q1 2022.
- Total revenue in the range of $182.5 million to $185.5 million for FY 2022.
- Non-GAAP net income in the range of $6.5 million to $8.5 million for FY 2022.
Challenges Ahead
- GAAP net loss in the range of $1.2 million to $1.8 million for Q1 2022.
- GAAP net loss per share in the range of $0.05 to $0.08 for Q1 2022.
- GAAP net loss in the range of $6.2 million to $8.2 million for FY 2022.
- GAAP net loss per share in the range of $0.27 to $0.35 for FY 2022.
- Non-GAAP net income in the range of $6.5 million to $8.5 million for FY 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income