SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Ooma Inc. (OOMA) on Thursday reported a loss of $417,000 in its fiscal fourth quarter.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and amortization costs, came to 16 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The internet phone service provider posted revenue of $56.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $56.4 million.
For the year, the company reported a loss of $3.7 million, or 15 cents per share. Revenue was reported as $216.2 million.
For the current quarter ending in April, Ooma expects its per-share earnings to range from 13 cents to 14 cents.
The company said it expects revenue in the range of $56.4 million to $56.9 million for the fiscal first quarter.
Ooma expects full-year earnings in the range of 55 cents to 63 cents per share, with revenue ranging from $235.5 million to $238.5 million.
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