Ooma (OOMA) Tops Q3 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus

Ooma (NYSE: OOMA) reported Q3 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $32.6 million versus the consensus estimate of $31.73 million.

“Q3 was an outstanding quarter for Ooma, with significant growth in recurring revenues and continued strong execution on our key FY19 strategic initiatives” said Eric Stang, chief executive officer of Ooma. “Core recurring revenues grew 20% year-over-year, driven by over 50% growth in Ooma Business subscription and services revenue. We progressed well on each of our three key initiatives, which are to grow Ooma Office and Ooma Enterprise and add smart security services. We remain confident that our focus on these initiatives will enhance our leadership position and drive continued growth.”

GUIDANCE:

Ooma sees FY2019 EPS of ($0.18)-($0.16), versus the consensus of ($0.20). Ooma sees FY2019 revenue of $127.5-128 million, versus the consensus of $126.55 million.

For earnings history and earnings-related data on Ooma (OOMA) click here.

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