PALO ALTO, Calif., Nov. 29, 2016 /PRNewswire/ -- Ooma, Inc. (NYSE:
OOMA), a smart communications platform for small businesses and
consumers, today released financial results for the fiscal third
quarter ended October 31, 2016.
Third Quarter Fiscal 2017 Financial Highlights:
- Revenue: Total revenue of $27.0
million, up 15% year-over-year. Subscription and services
revenue increased 19% year-over-year to $23.2 million, and was 86% of total
revenue. Product and other revenue decreased 4%
year-over-year to $3.8 million, and
was 14% of total revenue.
- Net Loss: GAAP net loss was $2.8
million, or $0.16 per basic
and diluted share, compared to GAAP net loss of $3.5 million, or $0.21 per basic and diluted share, in the third
quarter of fiscal 2016. Non-GAAP net loss was $0.3 million, or $0.02 per basic and diluted share, compared to
non-GAAP net loss of $2.0 million, or
$0.12 per basic and diluted share, in
the third quarter of fiscal 2016.
- Adjusted EBITDA: Adjusted EBITDA was $0.1 million for the third quarter of fiscal 2017
compared to ($1.5) million in the
prior year period.
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.
"We are pleased to have achieved record total revenue of
$27 million driven by the continued
growth of Ooma Office, which grew
over 70% year-over-year," said Eric
Stang, chief executive officer of Ooma. "We also achieved
the important milestone of positive adjusted EBITDA during our
third quarter. This week we are pleased to announce the launch of
Ooma Internet Security, a new service that protects all devices on
the home network utilizing a cloud-based, real-time threat
database. Going forward, we plan to continue to invest in new
products and services to drive growth and monetize our customer
base in new ways."
Recent Business Highlights:
- Expanded flexibility for Office customers by introducing a new
conference phone.
- Launched Ooma Internet Security powered by Zscaler, featuring a
real-time, cloud-based internet security service that protects all
devices connected to the home network by blocking viruses, malware
and phishing attempts.
- Announced customizable call blocking features for Ooma home
phone service to protect customers and their families from
political calls, potential scams and annoyances.
- Announced global expansion of Talkatone Mobile App in nine
countries and now offering Canadian phone numbers.
Business Outlook:
For the fourth quarter fiscal 2017, Ooma expects to report:
- Total revenue between $27.0 million to
$27.5 million.
- GAAP net loss is expected to be in the range of $3.0 million to $3.5 million, and non-GAAP
net loss is expected to be in the range of $0.3 million to $0.7 million.
- GAAP net loss per share is expected to be in the range of
$0.17 to $0.19, and non-GAAP net
loss per share in the range of $0.02 to
$0.04 based on approximately 18.0 million basic and diluted
weighted average common shares outstanding.
For the full fiscal year 2017, Ooma expects to report:
- Total revenue in the range of $104.0
million to $104.5 million.
- GAAP net loss is expected to be in the range of $13.1 million to $13.6 million, and non-GAAP
net loss in the range of $2.9 million to
$3.3 million.
- GAAP net loss per share is expected to be in the range of
$0.74 to $0.77, and non-GAAP net
loss per share in the range of $0.16 to
$0.19, based on approximately 17.6 million basic and diluted
weighted average common shares outstanding.
The following is a reconciliation of GAAP net loss to non-GAAP
net loss and GAAP basic and diluted earnings per share to non-GAAP
basic and diluted earnings per share guidance for the fiscal fourth
quarter and the fiscal year ending January
31, 2017:
Reconciliation of
GAAP Net Loss and GAAP Basic and Diluted Net Loss per Share
Guidance to
|
Non-GAAP Net Loss
and Non-GAAP Basic and Diluted Net Loss per Share
Guidance
|
(In millions,
except per share data)
|
|
|
|
|
|
Projected
range
|
|
|
Three Months
Ending
|
|
Fiscal Year
Ending
|
|
|
January 31,
2017
|
|
January 31,
2017
|
|
|
(unaudited)
|
GAAP Net
Loss
|
|
($3.0)-($3.5)
|
|
($13.1)-($13.6)
|
Stock-based
compensation and related taxes
|
|
2.6-2.7
|
|
9.8-9.9
|
Amortization of
intangibles
|
|
0.1
|
|
0.4
|
Non-GAAP Net
Loss
|
|
($0.3)-($0.7)
|
|
($2.9)-($3.3)
|
|
|
|
|
|
Basic and Diluted
Net Loss per Share on a GAAP basis
|
|
($0.17)-($0.19)
|
|
($0.74)-($0.77)
|
Stock-based
compensation and related taxes
|
|
0.14
|
|
0.56
|
Amortization of
intangibles
|
|
0.01
|
|
0.02
|
Basic and Diluted
Net Loss per Share on a Non-GAAP basis
|
|
($0.02)-($0.04)
|
|
($0.16)-($0.19)
|
Weighted-average
number of shares used in per share amounts:
|
|
|
|
|
Basic and
diluted
|
|
18.0
|
|
17.6
|
Conference Call Information:
Ooma will host a conference call and live webcast for analysts
and investors at 5:00 p.m. Eastern time today,
November 29, 2016. 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 (877)-545-1402, using conference code 1331165.
International parties can access the call by dialing +1
(719)-325-4779, using conference code 1331165.
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, December 6,
2016. To access the replay, parties in the United States and Canada should call +1 (888)-203-1112 and enter
conference code 1331165. International parties should call + 1
(719)-457-0820 and enter conference code 1331165.
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 income,
depreciation and amortization and other non-GAAP expenses.
These non-GAAP financial measures exclude non-cash stock-based
compensation expense and related taxes, amortization of
intangibles, the change in fair value of our acquisition-related
contingent consideration, change in fair value of warrants and
write-off of non-cash deferred debt issuance costs.
These non-GAAP financial measures are presented to enhance
investors' understanding of the results of Ooma's 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 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 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. In particular,
this press release includes forward looking statements regarding
continued growth of our subscriber base, the strength and quality
of our SaaS platform, our competitive advantage serving small
business, home and mobile customers, and improvement in our
financial performance. 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 Report Form 10-Q for the quarter ended
July 31, 2016, filed with the SEC on
September 9, 2016. 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.
About Ooma
Founded in 2004, Ooma creates new communications experiences for
small businesses and consumers. Its smart platform serves as a
communications hub, which offers cloud-based telephony and other
connected services. Ooma combines PureVoice HD call quality and
innovative features with mobile applications for reliable anytime,
anywhere calling. The company has been ranked the No. 1 home phone
service for overall satisfaction and value for five consecutive
years by the leading consumer research publication. Ooma is also
partnering with connected device makers to create smarter offices
and homes. Ooma is available in stores and online from leading
retailers. For more information about Ooma, please visit
www.ooma.com or follow us on
Twitter, LinkedIn or Facebook.
Ooma, PureVoice 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.
OOMA,
INC
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(Amounts in
thousands)
|
|
|
|
|
|
|
October
31,
|
|
January
31,
|
|
2016
|
|
2016
|
|
(unaudited)
|
|
|
Assets
|
|
|
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
$
6,308
|
|
$
27,413
|
Short-term
investments
|
47,054
|
|
27,991
|
Accounts receivable,
net
|
4,866
|
|
5,609
|
Inventories
|
4,592
|
|
5,011
|
Deferred inventory
costs
|
1,443
|
|
2,013
|
Prepaid expenses and
other current assets
|
2,033
|
|
1,318
|
Total
current assets
|
66,296
|
|
69,355
|
|
|
|
|
Property and
equipment, net
|
4,212
|
|
4,291
|
Intangible assets,
net
|
620
|
|
885
|
Goodwill
|
1,117
|
|
1,117
|
Other
assets
|
303
|
|
888
|
Total
assets
|
$
72,548
|
|
$
76,536
|
|
|
|
|
Liabilities and
stockholders' equity
|
|
|
|
Current
liabilities:
|
|
|
|
Accounts
payable
|
$
4,778
|
|
$
4,786
|
Accrued
expenses
|
11,972
|
|
13,010
|
Short-term capital
lease
|
—
|
|
632
|
Deferred
revenue
|
14,899
|
|
15,036
|
Total
current liabilities
|
31,649
|
|
33,464
|
|
|
|
|
Other
liabilities
|
543
|
|
182
|
Total
liabilities
|
$
32,192
|
|
33,646
|
|
|
|
|
Stockholders'
equity:
|
|
|
|
Common
stock
|
2
|
|
2
|
Additional paid-in
capital
|
115,314
|
|
107,679
|
Accumulated
comprehensive income
|
18
|
|
17
|
Accumulated
deficit
|
(74,978)
|
|
(64,808)
|
Total
stockholders' equity
|
40,356
|
|
42,890
|
Total liabilities
and stockholders' equity
|
$
72,548
|
|
$
76,536
|
OOMA,
INC.
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(Amounts in
thousands, except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
October
31,
|
|
October 31,
|
|
October
31,
|
|
October
31,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(unaudited)
|
|
(unaudited)
|
Revenue:
|
|
|
|
|
|
|
|
|
Subscription and
services
|
|
23,179
|
|
19,470
|
|
67,086
|
|
52,495
|
Product and
other
|
|
3,828
|
|
4,006
|
|
9,874
|
|
11,969
|
Total
revenue
|
|
27,007
|
|
23,476
|
|
76,960
|
|
64,464
|
|
|
|
|
|
|
|
|
|
Cost of
revenue:
|
|
|
|
|
|
|
|
|
Subscription and
services
|
|
7,388
|
|
6,715
|
|
22,103
|
|
18,649
|
Product and
other
|
|
4,276
|
|
4,277
|
|
11,316
|
|
12,067
|
Total cost
of revenue
|
|
11,664
|
|
10,992
|
|
33,419
|
|
30,716
|
Gross
profit
|
|
15,343
|
|
12,484
|
|
43,541
|
|
33,748
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Sales and
marketing
|
|
8,302
|
|
7,539
|
|
24,975
|
|
20,247
|
Research and
development
|
|
6,244
|
|
4,948
|
|
17,824
|
|
13,329
|
General and
administrative
|
|
3,705
|
|
3,499
|
|
11,105
|
|
9,666
|
Total
operating expenses
|
|
18,251
|
|
15,986
|
|
53,904
|
|
43,242
|
Loss from
operations:
|
|
(2,908)
|
|
(3,502)
|
|
(10,363)
|
|
(9,494)
|
Other income
(expense):
|
|
|
|
|
|
|
|
|
Interest income
(expense), net
|
|
95
|
|
(10)
|
|
259
|
|
(902)
|
Change in fair value
of warrants
|
|
—
|
|
—
|
|
—
|
|
(442)
|
Other expense,
net
|
|
(8)
|
|
(19)
|
|
(13)
|
|
(31)
|
Net
loss
|
|
$
(2,821)
|
|
$
(3,531)
|
|
$
(10,117)
|
|
$
(10,869)
|
|
|
|
|
|
|
|
|
|
Net loss per share of
common stock:
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
$
(0.16)
|
|
$
(0.21)
|
|
$
(0.58)
|
|
$
(1.38)
|
Weighted-average
number of shares used in per share amounts:
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
17,648,251
|
|
16,703,852
|
|
17,337,682
|
|
7,875,761
|
OOMA,
INC
|
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(Amounts in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
October 31,
|
|
October 31,
|
|
October
31,
|
|
October
31,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(unaudited)
|
|
(unaudited)
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
Net
loss
|
|
$
(2,821)
|
|
$
(3,531)
|
|
$
(10,117)
|
|
$
(10,869)
|
Adjustments to
reconcile net loss to net cash provided by (used in) operating
activities:
|
|
|
|
|
|
|
|
|
Stock-based
compensation expense
|
|
2,370
|
|
1,436
|
|
7,243
|
|
2,725
|
Depreciation and
amortization
|
|
498
|
|
376
|
|
1,320
|
|
1,046
|
Amortization of
intangibles
|
|
83
|
|
98
|
|
265
|
|
295
|
Write-off of non-cash
deferred debt issuance costs
|
|
—
|
|
—
|
|
—
|
|
332
|
Other non-cash
(income) expense, net
|
|
—
|
|
—
|
|
(3)
|
|
64
|
Change in fair value
of acquisition-related contingent consideration
|
|
—
|
|
43
|
|
—
|
|
167
|
Change in fair value
of warrant liability
|
|
—
|
|
—
|
|
—
|
|
442
|
Changes in operating
assets and liabilities:
|
|
|
|
|
|
|
|
|
Accounts receivable,
net
|
|
(388)
|
|
(1,324)
|
|
743
|
|
(1,853)
|
Inventories
|
|
(28)
|
|
1,432
|
|
419
|
|
2,292
|
Deferred inventory
costs
|
|
594
|
|
(984)
|
|
570
|
|
(426)
|
Prepaid expenses and
other assets
|
|
(316)
|
|
(353)
|
|
(99)
|
|
(531)
|
Accounts payable and
accrued expenses
|
|
321
|
|
1,216
|
|
(766)
|
|
4,509
|
Other
liabilities
|
|
(25)
|
|
(26)
|
|
(47)
|
|
(88)
|
Deferred
revenue
|
|
120
|
|
1,571
|
|
296
|
|
1,199
|
Net cash provided by
(used in) operating activities
|
|
408
|
|
(46)
|
|
(176)
|
|
(696)
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
Purchases of
short-term investments
|
|
(11,063)
|
|
—
|
|
(44,178)
|
|
—
|
Proceeds from
maturity of short-term investments
|
|
9,700
|
|
—
|
|
20,650
|
|
—
|
Proceeds from sale of
short-term investments
|
|
1,350
|
|
—
|
|
4,366
|
|
—
|
Purchases of property
and equipment
|
|
(116)
|
|
(251)
|
|
(1,146)
|
|
(1,117)
|
Net cash used in
investing activities
|
|
(129)
|
|
(251)
|
|
(20,308)
|
|
(1,117)
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
Proceeds from initial
public offering, net
|
|
—
|
|
(1,545)
|
|
—
|
|
57,303
|
Proceeds from Series
Beta preferred stock, net
|
|
—
|
|
—
|
|
—
|
|
5,000
|
Repayment of debt and
capital leases
|
|
—
|
|
(163)
|
|
(628)
|
|
(11,457)
|
Payment of
acquisition related earn-out
|
|
—
|
|
—
|
|
(100)
|
|
(475)
|
Payment of preferred
warrant liability
|
|
—
|
|
—
|
|
—
|
|
(584)
|
Shares repurchased
for tax withholdings on vesting of restricted stock
units
|
|
(1,340)
|
|
—
|
|
(1,340)
|
|
—
|
Proceeds from
issuance of common stock related to warrants and employee stock
benefit plans
|
|
657
|
|
117
|
|
1,447
|
|
178
|
Net cash (used in)
provided by financing activities
|
|
(683)
|
|
(1,591)
|
|
(621)
|
|
49,965
|
Net (decrease)
increase in cash and cash equivalents
|
|
(404)
|
|
(1,888)
|
|
(21,105)
|
|
48,152
|
Cash and cash
equivalents at beginning of period
|
|
6,712
|
|
59,173
|
|
27,413
|
|
9,133
|
Cash and cash
equivalents at end of period
|
|
$
6,308
|
|
$
57,285
|
|
$
6,308
|
|
$
57,285
|
OOMA,
INC.
|
Reconciliation of
Non-GAAP Financial Measures
|
Impact of Non-GAAP
Adjustments on Reported Net Loss
|
(Amounts in
thousands, except percentages and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
October
31,
|
|
October 31,
|
|
October
31,
|
|
October
31,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(unaudited)
|
|
(unaudited)
|
Revenue
|
|
$
27,007
|
|
$
23,476
|
|
$
76,960
|
|
$
64,464
|
Reconciliation of
GAAP Gross Profit and GAAP Gross Margin
to Non-GAAP Gross Profit and Non-GAAP Gross Margin:
|
|
|
|
|
|
|
|
GAAP Gross
Profit
|
|
$
15,343
|
|
$
12,484
|
|
$
43,541
|
|
$
33,748
|
Stock-based
compensation and related taxes
|
|
274
|
|
138
|
|
752
|
|
261
|
Amortization of
intangibles
|
|
40
|
|
41
|
|
122
|
|
123
|
Non-GAAP Gross
Profit
|
|
$
15,657
|
|
$
12,663
|
|
$
44,415
|
|
$
34,132
|
|
|
|
|
|
|
|
|
|
Gross Margin on a
GAAP basis
|
|
57%
|
|
53%
|
|
57%
|
|
52%
|
Gross Margin on a
Non-GAAP basis
|
|
58%
|
|
54%
|
|
58%
|
|
53%
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Operating Loss on a GAAP Basis
to Operating Loss on a Non-GAAP Basis:
|
|
|
|
|
|
|
|
GAAP Operating
Loss
|
|
$
(2,908)
|
|
$
(3,502)
|
|
$
(10,363)
|
|
$
(9,494)
|
Stock-based
compensation and related taxes
|
|
2,447
|
|
1,436
|
|
7,320
|
|
2,725
|
Amortization of
intangibles
|
|
83
|
|
98
|
|
265
|
|
295
|
Change in fair value
of acquisition-related contingent consideration
|
|
—
|
|
43
|
|
—
|
|
167
|
Non-GAAP Operating
Loss
|
|
$
(378)
|
|
$
(1,925)
|
|
$
(2,778)
|
|
$
(6,307)
|
|
|
|
|
|
|
|
|
|
Reconciliation of
GAAP Net Loss to Non-GAAP Net Loss:
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
|
$
(2,821)
|
|
$
(3,531)
|
|
$
(10,117)
|
|
$
(10,869)
|
Stock-based
compensation and related taxes
|
|
2,447
|
|
1,436
|
|
7,320
|
|
2,725
|
Amortization of
intangibles
|
|
83
|
|
98
|
|
265
|
|
295
|
Change in fair value
of acquisition-related contingent consideration
|
|
—
|
|
43
|
|
—
|
|
167
|
Change in fair value
of warrants
|
|
—
|
|
—
|
|
—
|
|
442
|
Write-off of non-cash
deferred debt issuance costs
|
|
—
|
|
—
|
|
—
|
|
332
|
Non-GAAP Net
Loss
|
|
$
(291)
|
|
$
(1,954)
|
|
$
(2,532)
|
|
$
(6,908)
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Basic and Diluted Net Loss per Share on a GAAP Basis
to Basic and Diluted Net Loss per Share on a Non-GAAP
Basis:
|
|
|
|
|
|
|
|
Basic and Diluted
Net Loss per share on a GAAP Basis
|
|
$
(0.16)
|
|
$
(0.21)
|
|
$
(0.58)
|
|
$
(1.38)
|
Stock-based
compensation and related taxes
|
|
0.14
|
|
0.09
|
|
0.42
|
|
0.35
|
Amortization of
intangibles
|
|
—
|
|
—
|
|
0.02
|
|
0.04
|
Change in fair value
of acquisition-related contingent consideration
|
|
—
|
|
—
|
|
—
|
|
0.02
|
Change in fair value
of warrants
|
|
—
|
|
—
|
|
—
|
|
0.05
|
Write-off of non-cash
deferred debt issuance costs
|
|
—
|
|
—
|
|
—
|
|
0.04
|
Basic and Diluted
Net Loss per share on a Non-GAAP Basis
|
|
$
(0.02)
|
|
$
(0.12)
|
|
$
(0.14)
|
|
$
(0.88)
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Net Loss to Adjusted EBITDA:
|
|
|
|
|
|
|
|
|
Net
Loss
|
|
$
(2,821)
|
|
$
(3,531)
|
|
$
(10,117)
|
|
$
(10,869)
|
Reconciling
items:
|
|
|
|
|
|
|
|
|
Interest and other
(income) expense, net
|
|
(87)
|
|
29
|
|
(246)
|
|
601
|
Depreciation and
amortization
|
|
459
|
|
376
|
|
1,193
|
|
1,046
|
Amortization of
intangibles
|
|
83
|
|
98
|
|
265
|
|
295
|
Stock-based
compensation and related taxes
|
|
2,447
|
|
1,436
|
|
7,320
|
|
2,725
|
Change in fair value
of acquisition-related contingent consideration
|
|
—
|
|
43
|
|
—
|
|
167
|
Change in fair value
of warrants
|
|
—
|
|
—
|
|
—
|
|
442
|
Write-off of non-cash
deferred debt issuance costs
|
|
—
|
|
—
|
|
—
|
|
332
|
Adjusted
EBITDA
|
|
$
81
|
|
$
(1,549)
|
|
$
(1,585)
|
|
$
(5,261)
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ooma-reports-third-quarter-fiscal-2017-financial-results-300369944.html
SOURCE Ooma, Inc.