OOMA - Ooma dips 5% despite third-quarter beat solid guidance

Ooma (NYSE:OOMA) stock has fallen 5.3% after its third-quarter earnings report, despite a beat on top and bottom lines and some upbeat guidance for the current quarter. Revenue grew 14% to 49.2 million; the bulk of that has been subscription and services revenue, which made up 91% of the total, and grew to $44.7 million from $39.6 million a year ago. The company trimmed its loss on a GAAP basis, and increased non-GAAP net income to $3.3 million from a prior-year $3.3 million. EBITDA bumped up to $4 million from $3.6 million. The company pointed to its business success as a growing part of subscriptions. "Subscription services revenues from business customers now represent 49% of total subscription services revenue and are on pace to exceed 50% in the near future," CEO Eric Stang says. "Ooma launched several new features for its Office and Office Pro service tiers and recently announced

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Ooma dips 5% despite third-quarter beat, solid guidance