SUNNYVALE, Calif. (AP) _ Ooma Inc. (OOMA) on Thursday reported a loss of $2.3 million in its fiscal fourth quarter.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 11 cents. Earnings, adjusted for stock option expense and amortization costs, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The internet phone service provider posted revenue of $40.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $39.7 million.
For the year, the company reported that its loss widened to $18.8 million, or 89 cents per share. Revenue was reported as $151.6 million.
For the current quarter ending in May, Ooma expects its per-share earnings to range from 2 cents to 4 cents.
The company said it expects revenue in the range of $40 million to $40.5 million for the fiscal first quarter.
Ooma expects full-year earnings in the range of 9 cents to 17 cents per share, with revenue ranging from $167 million to $170 million.
Ooma shares have increased almost 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.75, a decline of 14% in the last 12 months.