Ooma revenues up 9% to USD 43 mln in October quarter

Friday 20 November 2020 | 12:33 CET | News

US VoIP operator Ooma saw its revenue grow 9 percent year-over-year to USD 43.0 million in its fiscal third quarter to 31 October, better than the company's forecast. Subscription and services revenue increased to USD 39.6 million from USD 36.5 million a year earlier, driven by growth in combined Ooma Business and Ooma Residential services. 

The net loss narrowed to USD 0.4 million, or USD 0.02 per share, compared to net loss of USD 6.8 million, or USD 0.32 per share in the year-earlier period. Adjusted EBITDA was USD 3.6 million, compared to USD 0.6 million a year ago. 


For the fiscal fourth quarter to December, Ooma expects to report revenue of USD 43.0-43.8 million, a net loss of USD 0.8-1.4 million and a loss per share of USD 0.04-0.07. This means full year revenue will reach USD 167.7-168.5 million and the net loss USD 2.7-3.3 million, better than its previous forecast. 

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Categories: Fixed
Companies: Ooma
Countries: United States
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