Ooma today released financial results for the fourth quarter and fiscal year which ended January 31, 2019.
Fourth quarter fiscal 2019 highlights included:
- Revenue: Total revenue was $34.7 million, up 15 percent year-over-year. Subscription and services revenue increased to $30.9 million and was 89 percent of total revenue, driven by 16 percent year-over-year growth in Ooma Business and Ooma Residential.
- Net loss: GAAP net loss was $3.5 million, or $0.17 per basic and diluted share, compared to GAAP net loss of $2.9 million, or $0.15 per basic and diluted share, in the fourth quarter fiscal 2018. Non-GAAP net loss was $0.7 million, or $0.03 per basic and diluted share, compared to non-GAAP net loss of $0.5 million, or $0.03 per basic and diluted share, in the prior year period.
- Adjusted EBITDA: Adjusted EBITDA was ($0.5) million compared to ($0.2) million in the prior year period.
Full year fiscal 2019 highlights included:
- Revenue: Total revenue was $129.2 million, up 13 percent year-over-year. Subscription and services revenue increased 14 percent to $116.4 million and was 90 percent of total revenue. Product and other revenue increased 2 percent year-over-year to $12.8 million.
- Net loss: GAAP net loss was $14.6 million, or $0.74 per basic and diluted share, compared to GAAP net loss of $13.1 million, or $0.71 per basic and diluted share, in fiscal 2018. Non-GAAP net loss was $3.0 million, or $0.15 per basic and diluted share, compared to non-GAAP net loss of $1.6 million, or $0.08 per basic and diluted share, in fiscal 2018.
- Adjusted EBITDA: Adjusted EBITDA was ($1.9) million for fiscal 2019 compared to ($0.2) million in the prior fiscal year.
For a complete breakdown of Ooma’s financial report, click here.
