Ooma revenue up 27% YoY

Ooma, Inc. (NYSE: OOMA) said its second quarter 2016 total revenue was USD21.1 million, up 27 percent year-over-year.

Subscription and services revenue increased 37 percent to USD17.4 million, and was 83 percent of total revenue. Product and other revenue decreased eight percent to USD3.7 million, and was 17 percent of total revenue.

GAAP net loss was USD3.4 million, or USD0.80 per basic and diluted share, compared to GAAP net loss of USD1.1 million, or USD0.48 per basic and diluted share, in the second quarter of fiscal 2015.

Non-GAAP net loss was USD2.5 million, or USD0.58 per basic and diluted share, compared to non-GAAP net loss of USD1.3 million, or USD0.59 per basic and diluted share, in the second 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. Its telephony services combine PureVoiceâ„¢ HD call quality and innovative features with mobile applications for reliable anytime, anywhere calling.