Ooma (NYSE:OOMA) is up 9% postmarket after beating expectations on top and bottom lines with its Q4 earnings.
Revenues rose by more than 17% to $40.7M, with particular strength in business subscription and services, which rose 61%.
Overall, combined Ooma Business and Ooma Residential services rose 22%.
Non-GAAP income swung to a gain of $1M vs. a prior-year loss of $0.7M. EBITDA rose to a gain of $1.4M from a year-ago loss of $0.5M.
Revenue breakout: Subscription and services, $37.4M (up 21.1%); Product and other, $3.2M (down 15.8%).
For Q1, it's guiding to revenue of $40M-45M, and non-GAAP EPS of $0.02-0.04.
For fiscal 2021, it sees revenue of $167M-170M, and EPS of $0.09-0.17.
Company profile
Ooma, Inc. engages in the provision of platform for cloud-based communications solutions, smart security and other connected services. It helps create smart workplaces and homes by providing communications, monitoring, security, automation, productivity, and networking infrastructure applications. Its products and services Ooma business that offers small business phone service, and enterprise communications; Ooma residential that deals with phone services, and smart security; and Talkatone mobile app. The company was founded by Andrew Frame, Dennis Peng, and Michael Cerda on November 19, 2003 and is headquartered in Palo Alto, CA.