Last10K.com

Ooma Inc (OOMA) SEC Filing 8-K Material Event for the period ending Tuesday, March 5, 2019

Ooma Inc

CIK: 1327688 Ticker: OOMA

              Exhibit 99.1

Ooma Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Fourth Quarter Ooma Business revenue grows 50% year-over-year

Named Winner of PCMag’s Business Choice Award for VoIP

Sunnyvale, Calif., March 5, 2019 -- Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the fourth quarter and fiscal year ended January 31, 2019.

Fourth Quarter Fiscal 2019 Financial Highlights

Revenue: Total revenue was $34.7 million, up 15% year-over-year. Subscription and services revenue increased to $30.9 million and was 89% of total revenue, driven by 16% year-over-year growth in Ooma Business and Ooma Residential.

Net Loss: GAAP net loss was $3.5 million, or $0.17 per basic and diluted share, compared to GAAP net loss of $2.9 million, or $0.15 per basic and diluted share, in the fourth quarter fiscal 2018. Non-GAAP net loss was $0.7 million, or $0.03 per basic and diluted share, compared to non-GAAP net loss of $0.5 million, or $0.03 per basic and diluted share, in the prior year period.

Adjusted EBITDA: Adjusted EBITDA was ($0.5) million compared to ($0.2) million in the prior year period.

Full Year Fiscal 2019 Financial Highlights

Revenue: Total revenue was $129.2 million, up 13% year-over-year. Subscription and services revenue increased 14% to $116.4 million and was 90% of total revenue. Product and other revenue increased 2% year-over-year to $12.8 million.

Net Loss: GAAP net loss was $14.6 million, or $0.74 per basic and diluted share, compared to GAAP net loss of $13.1 million, or $0.71 per basic and diluted share, in fiscal 2018. Non-GAAP net loss was $3.0 million, or $0.15 per basic and diluted share, compared to non-GAAP net loss of $1.6 million, or $0.08 per basic and diluted share, in fiscal 2018.

Adjusted EBITDA: Adjusted EBITDA was ($1.9) million for fiscal 2019 compared to ($0.2) million in the prior fiscal year.

For more information about non-GAAP net loss and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release.

“The fourth quarter of our 2019 fiscal year was outstanding for Ooma, with significant growth in recurring revenues and continued execution on our key strategic initiatives” said Eric Stang, chief executive officer of Ooma. “Revenues grew 15% year-over-year, driven by 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 to expand our smart security solution. We remain confident that our focus on these initiatives will enhance our leadership position and further our growth.”

Business Outlook:

For the first quarter of fiscal 2020, Ooma expects to report:

Total revenue in the range of $33.5 million to $34.0 million.

GAAP net loss in the range of $4.5 million to $5.2 million and GAAP net loss per share in the range of $0.22 to $0.25.

Non-GAAP net loss in the range of $0.9 million to $1.3 million and non-GAAP net loss per share in the range of $0.04 to $0.06.

For the full fiscal year 2020, Ooma expects to report:

Total revenue in the range of $140.0 million to $143.0 million.

GAAP net loss in the range of $18.7 million to $22.2 million, and GAAP net loss per share in the range of $0.89 to $1.06.

Non-GAAP net loss in the range of $3.0 million to $5.0 million, and non-GAAP net loss per share in the range of $0.14 to $0.24.

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The following is a reconciliation of GAAP net loss to non-GAAP net loss and GAAP basic and diluted net loss per share to non-GAAP basic and diluted net loss per share guidance for the first fiscal quarter ending April 30, 2019 and the fiscal year ending January 31, 2020 (in millions, except per share data):

 

 

Projected range

 

 

 

Three Months Ending

 

 

Fiscal Year Ending

 

 

 

April 30, 2019

 

 

January 31, 2020

 

 

 

(unaudited)

 

GAAP net loss

 

($4.5)-($5.2)

 

 

($18.7)-($22.2)

 

Stock-based compensation and related taxes

 

3.0-3.1

 

 

13.0-13.5

 

Amortization of intangibles

 

 

0.2

 

 

 

0.7

 

Litigation costs

 

0.4-0.6

 

 

2.0-3.0

 

Non-GAAP net loss

 

($0.9)-($1.3)

 

 

($3.0)-($5.0)

 

 

 

 

 

 

 

 

 

 

GAAP basic and diluted net loss per share

 

($0.22)-($0.25)

 

 

($0.89)-($1.06)

 

Stock-based compensation and related taxes

 

0.15

 

 

0.62-0.64

 

Amortization of intangibles

 

0.01

 

 

 

0.03

 

Litigation costs

 

0.02-0.03

 

 

0.10-0.15

 

Non-GAAP basic and diluted net loss per share

 

($0.04)-($0.06)

 

 

($0.14)-($0.24)

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares used in per share amounts:

 

 

 

 

 

 

 

 

Basic and diluted

 

 

20.5

 

 

 

21.0

 

Conference Call Information:

Ooma will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time today, March 5, 2019. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (833) 233-4456, using conference ID “Ooma Fourth Quarter”. International parties can access the call by dialing +1 (647) 689-4135, using conference ID “Ooma Fourth Quarter”. The webcast will be accessible on Ooma's investor relations website at http://investors.ooma.com for a period of one year. A telephonic replay of the conference call will be available through Tuesday, March 12, 2019. To access the replay, parties in the United States and Canada should call +1 (800) 585-8367 and use conference ID 9146645. International parties should call +1 (416) 621-4642 and enter conference ID 9146645.

Non-GAAP Financial Measures

In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net loss, non-GAAP net loss per share, non-GAAP gross profit and gross margin, non-GAAP operating loss, and Adjusted EBITDA. Adjusted EBITDA represents the net loss before interest and other expense or income, income tax benefit, depreciation and amortization and other non-GAAP expenses.

These non-GAAP financial measures exclude non-cash stock-based compensation expense and related taxes, change in fair value of acquisition-related contingent consideration, acquisition-related transaction costs, amortization of acquired intangibles, non-cash acquisition-related income tax benefit, and certain litigation costs outside the ordinary course of our business.

These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose.  Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company.

Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies.  A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial

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measures of Ooma's financial performance and the respective non-GAAP measures should be considered together.  Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below.

Disclosure Information

Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, SEC filings, and public conference calls and webcasts.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, statements regarding future economic performance, finances, and expectations and objectives of management constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "anticipates," and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters. This press release includes forward–looking statements regarding the company’s business outlook and its execution of its initiative to continue the growth of Ooma Office, Ooma Enterprise and smart security services and its execution and its execution of other initiatives driving long-term shareholder value. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others:  our inability to attract new customers on a cost-effective basis; our inability to retain customers; intense competition; our reliance on retailers and reseller partnerships to sell our products; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; our limited operating history; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law.

The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including the risk factors contained in our quarterly filing on Form 10-Q for the period ended October 31, 2018, filed with the SEC on December 7, 2018. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law.


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About Ooma

Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features that are flexible and scalable. For consumers, Ooma provides PureVoice HD voice quality, advanced functionality and integration with their mobile devices. Ooma’s groundbreaking smart security solution delivers a full range of wireless security sensors and an intelligent video camera that make it easy for users to protect their home or business. Learn more at www.ooma.com.

Ooma, PureVoice HD and the Ooma logo are trademarks of Ooma, Inc. All other company and product names may be trademarks of the respective companies with which they are associated. The detailed terms and conditions of Ooma's products, services, and support are fully set forth in the Terms and Conditions, available online under the "legal" tab on the bottom navigation bar of the Ooma website.

CONTACT:

Investors

Matthew S. Robison

Director of IR and Corporate Development

Ooma, Inc.

ir@ooma.com

(650) 300-1480

 

Media

Mike Langberg

Director of Corporate Communications

Ooma, Inc.

mike.langberg@ooma.com

(650) 566-6693

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OOMA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, amounts in thousands)

 

 

January 31,

 

 

January 31,

 

 

2019

 

 

2018

 

Assets

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

15,370

 

 

$

4,483

 

Short-term investments

 

27,253

 

 

 

47,307

 

Accounts receivable, net

 

3,723

 

 

 

2,858

 

Inventories

 

10,117

 

 

 

6,079

 

Other current assets

 

5,450

 

 

 

4,397

 

Total current assets

 

61,913

 

 

 

65,124

 

Property and equipment, net

 

4,563

 

 

 

4,732

 

Intangible assets, net

 

2,635

 

 

 

1,292

 

Goodwill

 

3,898

 

 

 

1,947

 

Other assets

 

5,379

 

 

 

336

 

Total assets

$

78,388

 

 

$

73,431

 

 

 

 

 

 

 

 

 

Liabilities and stockholders' equity

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Accounts payable

$

10,231

 

 

$

5,453

 

Accrued expenses

 

19,048

 

 

 

14,777

 

Deferred revenue

 

15,443

 

 

 

15,556

 

Total current liabilities

 

44,722

 

 

 

35,786

 

Other liabilities

 

619

 

 

 

577

 

Total liabilities

 

45,341

 

 

 

36,363

 

 

 

 

 

 

 

 

 

Stockholders' equity:

 

 

 

 

 

 

 

Common stock

 

4

 

 

 

2

 

Additional paid-in capital

 

138,848

 

 

 

128,081

 

Accumulated other comprehensive loss

 

(10

)

 

 

(84

)

Accumulated deficit

 

(105,795

)

 

 

(90,931

)

Total stockholders' equity

 

33,047

 

 

 

37,068

 

Total liabilities and stockholders' equity

$

78,388

 

 

$

73,431

 

5

 


 

OOMA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, amounts in thousands, except share and per share data)

 

 

 

Three Months Ended

 

 

Fiscal Year Ended

 

 

 

January 31,

 

 

January 31,

 

 

January 31,

 

 

January 31,

 

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription and services

 

$

30,897

 

 

$

27,169

 

 

$

116,429

 

 

$

101,999

 

Product and other

 

 

3,823

 

 

 

3,051

 

 

 

12,802

 

 

 

12,491

 

Total revenue

 

 

34,720

 

 

 

30,220

 

 

 

129,231

 

 

 

114,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription and services

 

 

9,720

 

 

 

8,230

 

 

 

36,108

 

 

 

31,406

 

Product and other

 

 

5,293

 

 

 

3,678

 

 

 

16,632

 

 

 

14,992

 

Total cost of revenue

 

 

15,013

 

 

 

11,908

 

 

 

52,740

 

 

 

46,398

 

Gross profit

 

 

19,707

 

 

 

18,312

 

 

 

76,491

 

 

 

68,092

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

 

10,612

 

 

 

9,776

 

 

 

40,761

 

 

 

37,302

 

Research and development

 

 

8,345

 

 

 

7,968

 

 

 

33,903

 

 

 

29,328

 

General and administrative

 

 

4,577

 

 

 

3,675

 

 

 

17,613

 

 

 

15,186

 

Total operating expenses

 

 

23,534

 

 

 

21,419

 

 

 

92,277

 

 

 

81,816

 

Loss from operations

 

 

(3,827

)

 

 

(3,107

)

 

 

(15,786

)

 

 

(13,724

)

Interest and other income, net

 

 

231

 

 

 

180

 

 

 

830

 

 

 

603

 

Loss before income taxes

 

 

(3,596

)

 

 

(2,927

)

 

 

(14,956

)

 

 

(13,121

)

Income tax benefit

 

 

107

 

 

 

 

 

 

384

 

 

 

 

Net loss

 

$

(3,489

)

 

$

(2,927

)

 

$

(14,572

)

 

$

(13,121

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.17

)

 

$

(0.15

)

 

$

(0.74

)

 

$

(0.71

)

Weighted-average number of shares used in per share amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

 

20,227,252

 

 

 

19,051,778

 

 

 

19,799,781

 

 

 

18,570,128

 

 

 

6

 


OOMA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Fiscal Year Ended

 

 

 

 

January 31,

 

 

January 31,

 

 

January 31,

 

 

January 31,

 

 

 

 

 

2019

 

 

 

2018

 

 

 

2019

 

 

2018

 

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,489

)

 

$

(2,927

)

 

$

(14,572

)

 

$

(13,121

)

 

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation expense

 

 

2,636

 

 

 

2,195

 

 

 

10,370

 

 

 

10,921

 

 

Depreciation and amortization

 

 

552

 

 

 

512

 

 

 

2,269

 

 

 

1,958

 

 

Amortization of acquired intangibles

 

 

200

 

 

 

69

 

 

 

740

 

 

 

313

 

 

Change in fair value of acquisition-related contingent consideration

 

 

(214

)

 

 

 

 

 

(342

)

 

 

 

 

Deferred income taxes

 

 

(105

)

 

 

 

 

 

(382

)

 

 

 

 

Amortization and accretion of premiums from investments

 

 

(124

)

 

 

(23

)

 

 

(332

)

 

 

135

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

 

(843

)

 

 

684

 

 

 

(1,050

)

 

 

1,856

 

 

Inventories

 

 

(2,300

)

 

 

137

 

 

 

(4,034

)

 

 

(249

)

 

Deferred inventory costs

 

 

(220

)

 

 

71

 

 

 

(179

)

 

 

559

 

 

Other assets

 

 

(2,513

)

 

 

(286

)

 

 

(5,335

)

 

 

(1,519

)

 

Accounts payable and other liabilities

 

 

3,985

 

 

 

659

 

 

 

8,149

 

 

 

2,366

 

 

Deferred revenue

 

 

314

 

 

 

(297

)

 

 

772

 

 

 

(46

)

 

Net cash (used in) provided by operating activities

 

 

(2,121

)

 

 

794

 

 

 

(3,926

)

 

 

3,173

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases of short-term investments

 

 

(11,776

)

 

 

(10,433

)

 

 

(38,485

)

 

 

(49,331

)

 

Proceeds from maturities and sales of short-term investments

 

 

18,199

 

 

 

11,690

 

 

 

58,961

 

 

 

51,017

 

 

Capital expenditures

 

 

(483

)

 

 

(731

)

 

 

(1,921

)

 

 

(2,478

)

 

Acquisition of business, net of cash acquired

 

 

 

 

 

(1,363

)

 

 

(2,402

)

 

 

(1,363

)

 

Investment in privately-held company

 

 

(1,300

)

 

 

 

 

 

(1,300

)

 

 

 

 

Net cash provided by (used in) investing activities

 

 

4,640

 

 

 

(837

)

 

 

14,853

 

 

 

(2,155

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares repurchased for tax withholdings on vesting of restricted stock units

 

 

(628

)

 

 

(470

)

 

 

(2,926

)

 

 

(2,443

)

 

Proceeds from issuance of common stock

 

 

123

 

 

 

49

 

 

 

2,886

 

 

 

1,918

 

 

Net cash used in financing activities

 

 

(505

)

 

 

(421

)

 

 

(40

)

 

 

(525

)

 

Net increase (decrease) in cash and cash equivalents

 

 

2,014

 

 

 

(464

)

 

 

10,887

 

 

 

493

 

 

Cash and cash equivalents at beginning of period

 

 

13,356

 

 

 

4,947

 

 

 

4,483

 

 

 

3,990

 

 

Cash and cash equivalents at end of period

 

$

15,370

 

 

$

4,483

 

 

$

15,370

 

 

$

4,483

 

 

 

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OOMA, INC.

Reconciliation of Non-GAAP Financial Measures

(Unaudited, amounts in thousands, except percentages and per share data)

 

 

 

 

 

Three Months Ended

 

 

Fiscal Year Ended

 

 

 

 

 

January 31,

 

 

January 31,

 

 

January 31,

 

 

January 31,

 

 

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

Revenue

 

 

$

34,720

 

 

$

30,220

 

 

$

129,231

 

 

$

114,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP gross profit

 

 

$

19,707

 

 

$

18,312

 

 

$

76,491

 

 

$

68,092

 

 

Stock-based compensation and related taxes

 

 

 

249

 

 

 

197

 

 

 

957

 

 

 

1,129

 

 

Amortization of intangible assets

 

 

 

149

 

 

 

63

 

 

 

549

 

 

 

183

 

 

Non-GAAP gross profit

 

 

$

20,105

 

 

$

18,572

 

 

$

77,997

 

 

$

69,404

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin on a GAAP basis

 

 

 

57

%

 

 

61

%

 

 

59

%

 

 

59

%

 

Gross margin on a Non-GAAP basis

 

 

 

58

%

 

 

61

%

 

 

60

%

 

 

61

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP operating loss

 

 

$

(3,827

)

 

$

(3,107

)

 

$

(15,786

)

 

$

(13,724

)

 

Stock-based compensation and related taxes

 

 

 

2,692

 

 

 

2,232

 

 

 

10,695

 

 

 

11,118

 

 

Acquisition-related costs and amortization of intangible assets

 

 

 

200

 

 

 

187

 

 

 

1,163

 

 

 

431

 

 

Litigation costs

 

 

 

142

 

 

 

 

 

 

142

 

 

 

 

 

Change in fair value of acquisition-related contingent consideration

 

 

 

(214

)

 

 

 

 

 

(342

)

 

 

 

 

Non-GAAP operating loss

 

 

$

(1,007

)

 

$

(688

)

 

$

(4,128

)

 

$

(2,175

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP net loss

 

 

$

(3,489

)

 

$

(2,927

)

 

$

(14,572

)

 

$

(13,121

)

 

Stock-based compensation and related taxes

 

 

 

2,692

 

 

 

2,232

 

 

 

10,695

 

 

 

11,118

 

 

Acquisition-related costs and amortization of intangible assets

 

 

 

200

 

 

 

187

 

 

 

1,163

 

 

 

431

 

 

Litigation costs

 

 

 

142

 

 

 

 

 

 

142

 

 

 

 

 

Income tax benefit

 

 

 

 

 

 

 

 

 

(69

)

 

 

 

 

Change in fair value of acquisition-related contingent consideration

 

 

 

(214

)

 

 

 

 

 

(342

)

 

 

 

 

Non-GAAP net loss

 

 

$

(669

)

 

$

(508

)

 

$

(2,983

)

 

$

(1,572

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP basic and diluted net loss per share

 

 

$

(0.17

)

 

$

(0.15

)

 

$

(0.74

)

 

$

(0.71

)

 

Stock-based compensation and related taxes

 

 

 

0.13

 

 

 

0.11

 

 

 

0.54

 

 

 

0.61

 

 

Acquisition-related costs and amortization of intangible assets

 

 

 

0.01

 

 

 

 

 

 

0.06

 

 

 

0.02

 

 

Litigation costs

 

 

 

0.01

 

 

 

 

 

 

0.01

 

 

 

 

 

Income tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of acquisition-related contingent consideration

 

 

 

(0.01

)

 

 

0.01

 

 

 

(0.02

)

 

 

 

 

Non-GAAP basic and diluted net loss per share

 

 

$

(0.03

)

 

$

(0.03

)

 

$

(0.15

)

 

$

(0.08

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP net loss

 

 

$

(3,489

)

 

$

(2,927

)

 

$

(14,572

)

 

$

(13,121

)

 

Reconciling items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and other income, net

 

 

 

(231

)

 

 

(180

)

 

 

(830

)

 

 

(603

)

 

Income tax benefit

 

 

 

(107

)

 

 

 

 

 

(384

)

 

 

 

 

Change in fair value of acquisition-related contingent consideration

 

 

 

(214

)

 

 

 

 

 

(342

)

 

 

 

 

Litigation costs

 

 

 

142

 

 

 

 

 

 

142

 

 

 

 

 

Depreciation and amortization

 

 

 

552

 

 

 

512

 

 

 

2,269

 

 

 

1,958

 

 

Acquisition-related costs and amortization of intangible assets

 

 

 

200

 

 

 

187

 

 

 

1,163

 

 

 

431

 

 

Stock-based compensation and related taxes

 

 

 

2,692

 

 

 

2,232

 

 

 

10,695

 

 

 

11,118

 

 

Adjusted EBITDA

 

 

$

(455

)

 

$

(176

)

 

$

(1,859

)

 

$

(217

)

 

 

 

 

8

 

View differences made from one to another to evaluate Ooma Inc's financial trajectory

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Assess how Ooma Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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Ooma Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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SEC Filing Tools

Material Contracts, Statements, Certifications & more

Ooma Inc provided additional information to their SEC Filing as exhibits

Ticker: OOMA
CIK: 1327688
Form Type: 8-K Corporate News
Accession Number: 0001564590-19-006275
Submitted to the SEC: Tue Mar 05 2019 4:15:24 PM EST
Accepted by the SEC: Tue Mar 05 2019
Period: Tuesday, March 5, 2019
Industry: Computer Processing And Data Preparation
Events:
  1. Earnings Release
  2. Financial Exhibit

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