$OOMA
OOMA INC

2019 Q3 Form 10-Q Financial Statement

#000156459019034373 Filed on September 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $37.34M $31.68M
YoY Change 17.87% 12.4%
Cost Of Revenue $15.02M $12.91M
YoY Change 16.36% 11.22%
Gross Profit $22.32M $18.77M
YoY Change 18.89% 13.22%
Gross Profit Margin 59.77% 59.26%
Selling, General & Admin $18.00M $14.49M
YoY Change 24.22% 10.53%
% of Gross Profit 80.65% 77.19%
Research & Development $9.600M $8.440M
YoY Change 13.74% 16.21%
% of Gross Profit 43.01% 44.96%
Depreciation & Amortization $1.010M $750.0K
YoY Change 34.67% 17.19%
% of Gross Profit 4.53% 4.0%
Operating Expenses $27.60M $22.94M
YoY Change 20.31% 12.6%
Operating Profit -$5.280M -$4.164M
YoY Change 26.8% 9.81%
Interest Expense $280.0K $200.0K
YoY Change 40.0% 47.06%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.000M -$3.970M
YoY Change 25.94% 9.67%
Income Tax -$16.00K -$62.00K
% Of Pretax Income
Net Earnings -$4.983M -$3.904M
YoY Change 27.64% 7.76%
Net Earnings / Revenue -13.34% -12.32%
Basic Earnings Per Share
Diluted Earnings Per Share -$238.8K -$198.3K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.66M $48.63M
YoY Change -41.07% -9.61%
Cash & Equivalents $14.02M $16.94M
Short-Term Investments $14.64M $31.69M
Other Short-Term Assets $1.341M $1.955M
YoY Change -31.41% -35.9%
Inventory $11.27M $7.600M
Prepaid Expenses $2.566M $984.0K
Receivables $4.683M $3.100M
Other Receivables $1.390M $0.00
Total Short-Term Assets $52.26M $62.93M
YoY Change -16.96% -7.37%
LONG-TERM ASSETS
Property, Plant & Equipment $5.017M $4.860M
YoY Change 3.23% 8.0%
Goodwill $4.264M
YoY Change
Intangibles $8.226M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.245M $2.030M
YoY Change 207.64% 1094.12%
Total Long-Term Assets $27.04M $13.72M
YoY Change 97.07% 123.09%
TOTAL ASSETS
Total Short-Term Assets $52.26M $62.93M
Total Long-Term Assets $27.04M $13.72M
Total Assets $79.30M $76.65M
YoY Change 3.45% 3.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.70M $10.19M
YoY Change 4.98% 40.36%
Accrued Expenses $13.65M $8.930M
YoY Change 52.86% 42.42%
Deferred Revenue $16.04M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.31M $40.52M
YoY Change 14.29% 18.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $353.0K $947.0K
YoY Change -62.72% 90.16%
Total Long-Term Liabilities $353.0K $947.0K
YoY Change -62.72% 90.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.31M $40.52M
Total Long-Term Liabilities $353.0K $947.0K
Total Liabilities $48.49M $41.47M
YoY Change 16.92% 19.18%
SHAREHOLDERS EQUITY
Retained Earnings -$115.5M -$98.81M
YoY Change 16.91% 16.49%
Common Stock $4.000K $2.000K
YoY Change 100.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.81M $35.18M
YoY Change
Total Liabilities & Shareholders Equity $79.30M $76.65M
YoY Change 3.45% 3.45%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$4.983M -$3.904M
YoY Change 27.64% 7.76%
Depreciation, Depletion And Amortization $1.010M $750.0K
YoY Change 34.67% 17.19%
Cash From Operating Activities -$420.0K -$790.0K
YoY Change -46.84% -162.7%
INVESTING ACTIVITIES
Capital Expenditures -$1.030M -$450.0K
YoY Change 128.89% -6.25%
Acquisitions
YoY Change
Other Investing Activities $4.160M $9.650M
YoY Change -56.89% 1076.83%
Cash From Investing Activities $3.130M $9.210M
YoY Change -66.02% 2608.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.00K 30.00K
YoY Change -300.0% -117.65%
NET CHANGE
Cash From Operating Activities -420.0K -790.0K
Cash From Investing Activities 3.130M 9.210M
Cash From Financing Activities -60.00K 30.00K
Net Change In Cash 2.650M 8.450M
YoY Change -68.64% 490.91%
FREE CASH FLOW
Cash From Operating Activities -$420.0K -$790.0K
Capital Expenditures -$1.030M -$450.0K
Free Cash Flow $610.0K -$340.0K
YoY Change -279.41% -119.54%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
619000
CY2019Q3 us-gaap Liabilities
Liabilities
48487000
CY2019Q3 ooma Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
19570000
CY2019Q1 ooma Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
19048000
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
16044000
CY2019Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
44722000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1823000
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
353000
CY2019Q1 us-gaap Liabilities
Liabilities
45341000
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14018000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15370000
CY2019Q3 us-gaap Short Term Investments
ShortTermInvestments
14637000
CY2019Q1 us-gaap Short Term Investments
ShortTermInvestments
27253000
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4683000
CY2019Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3723000
CY2019Q3 us-gaap Inventory Net
InventoryNet
11266000
CY2019Q1 us-gaap Inventory Net
InventoryNet
10117000
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
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7656000
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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5450000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
52260000
CY2019Q1 us-gaap Assets Current
AssetsCurrent
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CY2019Q3 us-gaap Property Plant And Equipment Net
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5017000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4563000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3286000
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8226000
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2635000
CY2019Q3 us-gaap Goodwill
Goodwill
4264000
CY2019Q1 us-gaap Goodwill
Goodwill
3898000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6245000
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5379000
CY2019Q3 us-gaap Assets
Assets
79298000
CY2019Q1 us-gaap Assets
Assets
78388000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
10697000
CY2019Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
10231000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5076000
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5200000
CY2019Q3 us-gaap Lease Cost
LeaseCost
862000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8447000
us-gaap Operating Expenses
OperatingExpenses
53052000
us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Income Loss
OperatingIncomeLoss
-10299000
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-105795000
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
146319000
CY2019Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
6000
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-115518000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
30811000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
33047000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
79298000
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
78388000
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
4000
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
4000
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
61903000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
28597000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
25192000
us-gaap Gross Profit
GrossProfit
42753000
us-gaap Operating Income Loss
OperatingIncomeLoss
-8095000
ooma Interest And Other Income Expense Nonoperating Net
InterestAndOtherIncomeExpenseNonoperatingNet
538000
ooma Interest And Other Income Expense Nonoperating Net
InterestAndOtherIncomeExpenseNonoperatingNet
375000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9761000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-62000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-38000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1389000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2303000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1633000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-2139000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
3884000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
425000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
509000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6155000
us-gaap Profit Loss
ProfitLoss
-9723000
us-gaap Profit Loss
ProfitLoss
-7589000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1347000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1062000
ooma Non Operating Lease Expense
NonOperatingLeaseExpense
899000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-224000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-246000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-43000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-500000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
19196000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
13988000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
32046000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
29762000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1632000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
855000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7073000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4145000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12517000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1644000
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
420000
us-gaap Net Cash Provided By Used In Financing Activities
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658000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
444000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1352000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12461000
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16944000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3411000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5000
CY2018Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
390000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2314000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1000
CY2018Q2 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-292000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-3685000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
35181000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:0%;font-weight:bold;color:#003A5D;font-family:Arial;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates.&nbsp;&nbsp;<font style="color:#000000;font-weight:normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the Company&#8217;s condensed consolidated financial statements and notes thereto.&#160;Significant estimates include, but are not limited to, those related to revenue recognition, inventory valuation, valuation of goodwill and intangible assets, deferred sales commissions, operating lease assets and liabilities, regulatory fees and indirect tax accruals, loss contingencies, stock-based compensation, income taxes (including valuation allowances) and fair value measurements. Estimates are based on historical experience, where applicable, and other assumptions believed to be reasonable by management.&#160;</font><font style="Background-color:#FFFFFF;color:#000000;font-weight:normal;">These estimates are based on information available as of the date of the condensed consolidated financial statements, and assumptions are inherently subjective in nature. Therefore, actual results could differ from management&#8217;s estimates.</font></p>
CY2019Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2550000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6393000
ooma Number Of Sources Of Revenue
NumberOfSourcesOfRevenue
2
CY2019Q3 ooma Number Of Countries Outside That Exceeded Ten Percentage Of Revenue
NumberOfCountriesOutsideThatExceededTenPercentageOfRevenue
0
ooma Number Of Countries Outside That Exceeded Ten Percentage Of Revenue
NumberOfCountriesOutsideThatExceededTenPercentageOfRevenue
0
CY2018Q3 ooma Number Of Customers That Individually Exceeded10 Of Revenue
NumberOfCustomersThatIndividuallyExceeded10OfRevenue
0
ooma Number Of Customers That Individually Exceeded10 Of Revenue
NumberOfCustomersThatIndividuallyExceeded10OfRevenue
0
ooma Number Of Customers That Individually Exceeded10 Of Revenue
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0
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CY2019Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2019Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
248000
CY2019Q1 us-gaap Contract With Customer Liability Noncurrent
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307000
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11800000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
200000
CY2019Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
14018000
CY2019Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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PrepaidExpenseCurrent
2681000
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
1341000
CY2019Q3 ooma Deferred Sales Commissions Non Current
DeferredSalesCommissionsNonCurrent
5247000
CY2019Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
15370000
CY2019Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
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CY2019Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
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us-gaap Impairment Of Investments
ImpairmentOfInvestments
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CY2019Q3 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0
CY2019Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0
CY2019Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2019Q1 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2019Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0
CY2019Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
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CY2019Q3 ooma Deferred Sales Commissions Current
DeferredSalesCommissionsCurrent
1735000
CY2019Q1 ooma Deferred Sales Commissions Current
DeferredSalesCommissionsCurrent
1081000
CY2019Q3 ooma Convertible Note Receivable Current
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1382000
CY2019Q3 ooma Deferred Inventory Costs Current
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632000
CY2019Q1 ooma Deferred Sales Commissions Non Current
DeferredSalesCommissionsNonCurrent
3387000
CY2019Q1 ooma Convertible Note Receivable Noncurrent
ConvertibleNoteReceivableNoncurrent
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CY2019Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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OtherAssetsMiscellaneousNoncurrent
677000
CY2019Q3 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
400000
CY2018Q3 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
100000
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
800000
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
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CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7005000
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7926000
CY2019Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
5921000
CY2019Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
5645000
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1677000
CY2019Q3 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
228000
CY2019Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
925000
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10890000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2664000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8226000
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4783000
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2148000
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2635000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
766000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1530000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1527000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1500000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
940000
us-gaap Lease Cost
LeaseCost
1692000
CY2017Q4 ooma Lease Rentable Space Of Office Building
LeaseRentableSpaceOfOfficeBuilding
33400
CY2019Q3 ooma Sublease Cost
SubleaseCost
300000
CY2018Q3 ooma Sublease Cost
SubleaseCost
300000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
956000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1437000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1035000
CY2019Q3 ooma Finite Lived Intangible Assets Amortization Expense Year Six And Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearSixAndThereafter
1963000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company leases its headquarters located in Sunnyvale, California, as well as office and data center space in various locations under non-cancelable operating lease agreements, with expiration dates between calendar years 2019 and 2023.
ooma Lessee Operating Lease Expiration Date Beginning Period
LesseeOperatingLeaseExpirationDateBeginningPeriod
2019
ooma Lessee Operating Lease Expiration Date Ending Period
LesseeOperatingLeaseExpirationDateEndingPeriod
2023
us-gaap Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
As of July 31, 2019, the Company has no leases that have not yet commenced.
CY2019Q3 ooma Operating Lease Asset
OperatingLeaseAsset
3286000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3500000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0575
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
618000
us-gaap Operating Lease Cost
OperatingLeaseCost
1214000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
244000
us-gaap Variable Lease Cost
VariableLeaseCost
478000
ooma Sublease Cost
SubleaseCost
600000
ooma Sublease Cost
SubleaseCost
600000
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
527000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
120000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
274000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
48000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3750000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
250000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1983000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1408000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
917000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
266000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
49000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4623000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1691
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
89
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
198
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
42
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1540
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1336
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.39
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.49
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.98
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.74
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.31
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.44
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
8973000
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4500000
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4500000
CY2019Q3 us-gaap Purchase Obligation
PurchaseObligation
6000000
CY2019Q1 us-gaap Purchase Obligation
PurchaseObligation
4200000
CY2019Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2019 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
600000
CY2019 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
300000
CY2019Q2 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
8650000

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