Ooma Q4 2016 total revenue up 16% YoY

Ooma, Inc. (NYSE: OOMA) recorded fourth quarter 2016 total revenue of USD24.3 million, up 16 percent year-over-year.

Subscription and services revenue increased 29 percent year-over-year to USD20.6 million, and was 85 percent of total revenue.

Product and other revenue decreased 25 percent year-over-year to USD3.7 million, and was 15 percent of total revenue.

GAAP net loss was USD3.2 million, or USD0.19 per basic and diluted share, compared to GAAP net loss of USD4.1 million, or USD1.66 per basic and diluted share, in the fourth quarter of fiscal 2015.

Non-GAAP net loss was USD1.6 million, or USD0.10 per basic and diluted share, compared to non-GAAP net loss of USD3.0 million, or USD1.21 per basic and diluted share, in the fourth quarter of fiscal 2015.

Founded in 2004, Ooma creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, offering cloud-based telephony and other connected services.