Ooma Q4 2022 Earnings Report
Key Takeaways
Ooma reported a solid fourth quarter with a 14% year-over-year increase in revenue. The company's subscription and services revenue drove the growth, accounting for 91% of the total revenue. GAAP net loss was $0.1 million, while non-GAAP net income reached $3.2 million. Adjusted EBITDA was $4.0 million.
Total revenue was $50.5 million, up 14% year-over-year.
Subscription and services revenue increased to $45.8 million, comprising 91% of total revenue.
GAAP net loss was $0.1 million, or $0.00 per basic and diluted share.
Non-GAAP net income was $3.2 million, or $0.13 per diluted share.
Ooma
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Ooma Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2023, Ooma expects total revenue in the range of $49.5 million to $50.2 million. GAAP net loss is expected to be in the range of $1.0 million to $1.6 million, with a per share loss of $0.04 to $0.06. Non-GAAP net income is projected to be between $2.2 million and $2.8 million, with a per share income of $0.09 to $0.11.
Positive Outlook
- Total revenue in the range of $49.5 million to $50.2 million.
- Non-GAAP net income in the range of $2.2 million to $2.8 million.
- Non-GAAP net income per share in the range of $0.09 to $0.11.
Challenges Ahead
- GAAP net loss in the range of $1.0 million to $1.6 million
- GAAP net loss per share in the range of $0.04 to $0.06