Ooma has released financial results for the first quarter fiscal 2020 period, ended April 30, 2019.
Revenue: Total revenue was $34.0 million, up 13 percent year-over-year. Subscription and services revenue increased to $31.1 million and was 91 percent of total revenue, driven by 15 percent year-over-year growth in Ooma Business and Ooma Residential.
Net Loss: GAAP net loss was $4.7 million, or $0.23 per basic and diluted share, compared to GAAP net loss of $3.7 million, or $0.19 per basic and diluted share, in the first quarter fiscal 2019. Non-GAAP net loss was $0.8 million, or $0.04 per basic and diluted share, comparable to the prior year period.
Adjusted EBITDA: Adjusted EBITDA was ($0.5) million, comparable to the prior year period.
To read the full report, click here.