OOMA - Ooma GAAP EPS of -$0.02 beats by $0.01 revenue of $56.5M beats by $0.1M

March, 02 2023 04:27 PM Ooma Inc.

Ooma press release ( NYSE: OOMA ): Q4 GAAP EPS of -$0.02 beats by $0.01 .
Revenue of $56.5M (+11.9% Y/Y) beats by $0.1M .
Revenue: Total revenue was $216.2 million, up 12% year-over-year. Subscription and services revenue increased to $199.1 million from $175.9 million in fiscal 2022,
Net Income/Loss: GAAP net loss was $3.7 million, or $0.15 per basic and diluted share, compared to GAAP net loss of $1.8 million, or $0.07 per basic and diluted share,
Adjusted EBITDA: Adjusted EBITDA was $17.4 million, compared to $15.6 million in fiscal 2022.
For the first quarter of fiscal 2024, Ooma expects:
Total revenue in the range of $56.4 million to $56.9 million.
GAAP net loss in the range of $0.6 million to $0.9 million and GAAP net loss per share in the range of $0.03 to $0.04.
Non-GAAP net income in the range of $3.4 million to $3.7 million and non-GAAP net income per share in the range of $0.13 to $0.14.
For the full fiscal year 2024, Ooma expects:
Total revenue in the range of $235.5 million to $238.5 million.
GAAP net loss in the range of $0.9 million to $2.9 million, and GAAP net loss per share in the range of $0.04 to $0.12.
Non-GAAP net income in the range of $14.5 million to $16.5 million, and non-GAAP net income per share in the range of $0.55 to $0.63.

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