Ooma total revenue up 28% YoY

Ooma, Inc. (NYSE: OOMA) said its total revenue for the third quarter of fiscal 2016 was USD23.5 million, up 28 percent year-over-year.

Subscription and services revenue increased 36 percent to USD19.5 million, and was 83 percent of total revenue. Product and other revenue increased 1 percent to USD4.0 million, and was 17 percent of total revenue.

GAAP net loss was USD3.5 million, or USD0.21 per basic and diluted share, compared to GAAP net loss of USD1.7 million, or USD0.72 per basic and diluted share, in the third quarter of fiscal 2015.

Non-GAAP net loss was USD2.0 million, or USD0.12 per basic and diluted share, compared to non-GAAP net loss of USD1.1 million, or USD0.48 per basic and diluted share, in the third quarter of fiscal 2015.

Founded in 2004, Ooma creates new communications experiences for small businesses and consumers.