0
Broadband

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. 

Guidance 

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. 



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Ooma
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ooma adds Meetings video collaboration platform to Ooma Office Pro

Published 18 Nov 2020 15:36 CET | United States
US VoIP operator Ooma has added its Meetings video collaboration platform to its Ooma Office Pro business phone service. Ooma ...

Ooma lifts FY guidance after higher than expected Q2

Published 26 Aug 2020 09:25 CET | World
US VoIP operator Ooma reported stronger than expected results for its fiscal second quarter to end July. Although the company is ...

Ooma launches Ooma Wi-Fi service

Published 20 Aug 2020 16:00 CET | United States
Ooma announced Ooma Wi-Fi, a service for Ooma Office cloud-based phone service customers. Ooma Wi-Fi's features include multiple ...

Ooma reports 19% revenue growth, narrower-than-expected loss in Q1

Published 27 May 2020 10:45 CET | World
US VoIP operator Ooma reported generally better-than-expected profits for its fiscal first quarter of 2021 to end April, helped ...





Calendar   /   Industry Events

24 Nov Analog Devices fiscal Q4
24 Nov VMware fiscal Q3
24 Nov Dell Technologies fiscal Q3
24 Nov Xiaomi Q3 2020
24 Nov KPN Strategy Update 2020
24 Nov SD-WAN & SASE Summit
25 Nov Partner Communications Q3 2020
26 Nov Telekom Malaysia Q3 2020
26 Nov Axiata Q3 2020
26 Nov Megafon Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
::: More Calendar Items