$OOMA
OOMA INC

2020 Q4 Form 10-Q Financial Statement

#000156459020056196 Filed on December 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $42.97M $39.60M $37.34M
YoY Change 8.52% 21.43% 17.87%
Cost Of Revenue $16.28M $17.56M $15.02M
YoY Change -7.26% 40.05% 16.36%
Gross Profit $26.69M $22.04M $22.32M
YoY Change 21.1% 9.8% 18.89%
Gross Profit Margin 62.12% 55.66% 59.77%
Selling, General & Admin $18.25M $18.34M $18.00M
YoY Change -0.5% 19.53% 24.22%
% of Gross Profit 68.38% 83.22% 80.65%
Research & Development $8.960M $10.64M $9.600M
YoY Change -15.78% 23.81% 13.74%
% of Gross Profit 33.57% 48.27% 43.01%
Depreciation & Amortization $990.0K $1.010M $1.010M
YoY Change -1.98% 17.44% 34.67%
% of Gross Profit 3.71% 4.58% 4.53%
Operating Expenses $27.21M $28.98M $27.60M
YoY Change -6.11% 21.07% 20.31%
Operating Profit -$520.0K -$6.940M -$5.280M
YoY Change -92.51% 79.61% 26.8%
Interest Expense $110.0K $130.0K $280.0K
YoY Change -15.38% -40.91% 40.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$413.0K -$6.812M -$5.000M
YoY Change -93.94% 87.14% 25.94%
Income Tax $0.00 -$28.00K -$16.00K
% Of Pretax Income
Net Earnings -$413.0K -$6.784M -$4.983M
YoY Change -93.91% 94.16% 27.64%
Net Earnings / Revenue -0.96% -17.13% -13.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$18.20K -$318.8K -$238.8K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.62M $27.47M $28.66M
YoY Change 0.55% -41.4% -41.07%
Cash & Equivalents $15.51M $11.69M $14.02M
Short-Term Investments $12.11M $15.79M $14.64M
Other Short-Term Assets $124.0K $1.836M $1.341M
YoY Change -93.25% 53.13% -31.41%
Inventory $10.23M $9.480M $11.27M
Prepaid Expenses $4.337M $2.281M $2.566M
Receivables $4.990M $5.020M $4.683M
Other Receivables $1.570M $1.410M $1.390M
Total Short-Term Assets $53.42M $50.46M $52.26M
YoY Change 5.87% -17.83% -16.96%
LONG-TERM ASSETS
Property, Plant & Equipment $11.25M $9.320M $5.017M
YoY Change 20.71% 103.94% 3.23%
Goodwill $4.264M
YoY Change
Intangibles $8.226M
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.98M $7.540M $6.245M
YoY Change 45.56% 153.87% 207.64%
Total Long-Term Assets $32.33M $28.27M $27.04M
YoY Change 14.36% 99.37% 97.07%
TOTAL ASSETS
Total Short-Term Assets $53.42M $50.46M $52.26M
Total Long-Term Assets $32.33M $28.27M $27.04M
Total Assets $85.75M $78.73M $79.30M
YoY Change 8.92% 4.15% 3.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.410M $10.42M $10.70M
YoY Change -28.89% 32.4% 4.98%
Accrued Expenses $21.43M $21.72M $13.65M
YoY Change -1.31% 89.99% 52.86%
Deferred Revenue $16.31M $16.04M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.15M $48.14M $46.31M
YoY Change -6.21% 19.04% 14.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.120M $269.0K $353.0K
YoY Change 1059.85% -65.06% -62.72%
Total Long-Term Liabilities $3.120M $269.0K $353.0K
YoY Change 1059.85% -65.06% -62.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.15M $48.14M $46.31M
Total Long-Term Liabilities $3.120M $269.0K $353.0K
Total Liabilities $48.27M $51.30M $48.49M
YoY Change -5.9% 24.48% 16.92%
SHAREHOLDERS EQUITY
Retained Earnings -$115.5M
YoY Change 16.91%
Common Stock $4.000K
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.47M $27.43M $30.81M
YoY Change
Total Liabilities & Shareholders Equity $85.75M $78.73M $79.30M
YoY Change 8.92% 4.15% 3.45%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$413.0K -$6.784M -$4.983M
YoY Change -93.91% 94.16% 27.64%
Depreciation, Depletion And Amortization $990.0K $1.010M $1.010M
YoY Change -1.98% 17.44% 34.67%
Cash From Operating Activities $2.500M -$620.0K -$420.0K
YoY Change -503.23% -52.67% -46.84%
INVESTING ACTIVITIES
Capital Expenditures -$770.0K -$750.0K -$1.030M
YoY Change 2.67% 29.31% 128.89%
Acquisitions
YoY Change
Other Investing Activities $2.340M -$1.090M $4.160M
YoY Change -314.68% -36.63% -56.89%
Cash From Investing Activities $1.570M -$1.850M $3.130M
YoY Change -184.86% -19.91% -66.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 560.0K 140.0K -60.00K
YoY Change 300.0% 366.67% -300.0%
NET CHANGE
Cash From Operating Activities 2.500M -620.0K -420.0K
Cash From Investing Activities 1.570M -1.850M 3.130M
Cash From Financing Activities 560.0K 140.0K -60.00K
Net Change In Cash 4.630M -2.330M 2.650M
YoY Change -298.71% -35.1% -68.64%
FREE CASH FLOW
Cash From Operating Activities $2.500M -$620.0K -$420.0K
Capital Expenditures -$770.0K -$750.0K -$1.030M
Free Cash Flow $3.270M $130.0K $610.0K
YoY Change 2415.38% -117.81% -279.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-6784000
us-gaap Share Based Compensation
ShareBasedCompensation
9647000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1976000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5150000
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
174000
CY2020Q1 us-gaap Liabilities
Liabilities
52196000
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
26851000
ooma Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
2391000
ooma Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
1365000
us-gaap Restructuring Costs
RestructuringCosts
1603000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
41000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-79000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
289000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
644000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3645000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-1438000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
329000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6782000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
31236000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
42996000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2281000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15346000
CY2019Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39595000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124685000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
37383000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
47321000
CY2020Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
42967000
CY2019Q4 ooma Interest And Other Income Expense Nonoperating Net
InterestAndOtherIncomeExpenseNonoperatingNet
128000
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
us-gaap Gross Profit
GrossProfit
64793000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.79
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22222659
us-gaap Profit Loss
ProfitLoss
-16507000
us-gaap Share Based Compensation
ShareBasedCompensation
9219000
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21274285
us-gaap Net Income Loss
NetIncomeLoss
-1846000
us-gaap Net Income Loss
NetIncomeLoss
-16507000
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21700000
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21700000
us-gaap Profit Loss
ProfitLoss
-1846000
us-gaap Gross Profit
GrossProfit
77364000
us-gaap Operating Expenses
OperatingExpenses
82032000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
ooma Interest And Other Income Expense Nonoperating Net
InterestAndOtherIncomeExpenseNonoperatingNet
370000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16402000
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15971000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
16313000
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15797000
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
89000
CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
174000
CY2020Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14500000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8200000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.51
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20872253
CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3121000
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3254000
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
534000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
133000
CY2020Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
964000
us-gaap Operating Lease Payments
OperatingLeasePayments
2370000
CY2020Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
250000
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1492000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
553000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
381000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6893000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.35
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8530000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.61
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
141000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.51
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
9000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.82
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1399000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.86
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8906000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1187000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
7.14
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
8373000
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
21500000
us-gaap Net Income Loss
NetIncomeLoss
-1846000
us-gaap Net Income Loss
NetIncomeLoss
-16507000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22222659
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20872253
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.79
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3500000
CY2019Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3500000
CY2020Q1 ooma Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
22576000
CY2020Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
8499000
CY2020Q1 us-gaap Goodwill
Goodwill
4264000
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6818000
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15797000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8057000
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8186000
CY2020Q1 us-gaap Assets
Assets
80611000
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
46872000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1846000
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-413000
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6812000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-66000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-413000
us-gaap Operating Income Loss
OperatingIncomeLoss
-17239000
ooma Interest And Other Income Expense Nonoperating Net
InterestAndOtherIncomeExpenseNonoperatingNet
666000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
37498000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
46152000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
29118000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15416000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
110945000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16573000
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11688000
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1311000
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
472000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
31208000
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
635000
CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22531047
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-1066000
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.32
us-gaap Operating Income Loss
OperatingIncomeLoss
-2216000
CY2020Q4 ooma Interest And Other Income Expense Nonoperating Net
InterestAndOtherIncomeExpenseNonoperatingNet
109000
us-gaap Operating Expenses
OperatingExpenses
79580000
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
919000
CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
357000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
33047000
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1454000
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
730000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2982000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2131000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
978000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4873000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-4541000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
431000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2164000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
15804000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
18111000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2384000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7073000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2303000
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
420000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
797000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3682000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
399000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1368000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
26000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2820000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1641000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3831000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15370000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15511000
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3121000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
28415000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3008000
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
350000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3090000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-367000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
34213000
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-9000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-413000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
37474000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-4740000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
32024000
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
354000
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
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-4983000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
30811000
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
932000
CY2019Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
793000
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3254000
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-6784000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
27428000
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.  <span 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’s condensed consolidated financial statements and notes thereto. Significant estimates include, but are not limited to, those related to revenue recognition, inventory valuation, deferred commissions, valuation of goodwill and intangible assets, 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. The Company bases its estimates and assumptions on historical experience, where applicable, and other factors that it believes to be reasonable under the circumstances, including but not limited to the potential impacts arising from the COVID-19 pandemic. </span><span 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’s estimates. </span></p>
ooma Number Of Sources Of Revenue
NumberOfSourcesOfRevenue
2
CY2020Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
42967000
CY2019Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39595000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124685000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
110945000
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
ooma Number Of Customers That Individually Exceeded10 Of Revenue
NumberOfCustomersThatIndividuallyExceeded10OfRevenue
0
ooma Number Of Customers That Individually Exceeded10 Of Revenue
NumberOfCustomersThatIndividuallyExceeded10OfRevenue
0
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
15511000
CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
11680000
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
12105000
CY2020Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
14384000
CY2019Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0
CY2020Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8787000
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6988000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1446000
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1381000
CY2020Q4 us-gaap Inventory Net
InventoryNet
10233000
CY2020Q1 us-gaap Inventory Net
InventoryNet
8369000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5839000
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6818000
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2019Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4337000
CY2020Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2739000
CY2020Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
4184000
CY2020Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
2525000
CY2020Q4 ooma Convertible Notes Receivable Including Accrued Interest
ConvertibleNotesReceivableIncludingAccruedInterest
1566000
CY2020Q1 ooma Convertible Notes Receivable Including Accrued Interest
ConvertibleNotesReceivableIncludingAccruedInterest
1453000
CY2020Q4 ooma Deferred Inventory Costs Current
DeferredInventoryCostsCurrent
371000
CY2020Q1 ooma Deferred Inventory Costs Current
DeferredInventoryCostsCurrent
867000
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
124000
CY2020Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1408000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10582000
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8992000
CY2020Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
10293000
CY2020Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
7412000
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
682000
CY2020Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
774000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10975000
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8186000
CY2020Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1000000.0
CY2019Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
600000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2700000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1400000
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8909000
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8942000
CY2020Q4 ooma Accrued Liabilities Current For Customer Sales Incentive
AccruedLiabilitiesCurrentForCustomerSalesIncentive
1021000
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4675000
CY2020Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
4777000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3864000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3263000
CY2020Q1 ooma Accrued Liabilities Current For Customer Sales Incentive
AccruedLiabilitiesCurrentForCustomerSalesIncentive
1293000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2962000
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4301000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21431000
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
22576000
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.
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6209000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8057000
CY2020Q4 ooma Operating Lease Asset
OperatingLeaseAsset
6209000
CY2020Q1 ooma Operating Lease Asset
OperatingLeaseAsset
8057000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3864000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3263000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3029000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5150000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6893000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8413000
CY2020Q4 us-gaap Lease Cost
LeaseCost
1200000
CY2019Q4 us-gaap Lease Cost
LeaseCost
1000000.0
us-gaap Lease Cost
LeaseCost
3700000
us-gaap Lease Cost
LeaseCost
2700000
us-gaap Operating Lease Payments
OperatingLeasePayments
1587000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1612000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
978000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3950000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1654000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
492000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
200000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7274000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7200000
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-413000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-6784000
CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22531047
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21274285
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.32
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3400000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3400000
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
4400000
CY2020Q1 us-gaap Purchase Obligation
PurchaseObligation
4000000.0
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2020 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
600000
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0

Files In Submission

Name View Source Status
0001564590-20-056196-index-headers.html Edgar Link pending
0001564590-20-056196-index.html Edgar Link pending
0001564590-20-056196.txt Edgar Link pending
0001564590-20-056196-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
ooma-10q_20201031.htm Edgar Link pending
ooma-10q_20201031_htm.xml Edgar Link completed
ooma-20201031.xsd Edgar Link pending
ooma-20201031_cal.xml Edgar Link unprocessable
ooma-20201031_def.xml Edgar Link unprocessable
ooma-20201031_lab.xml Edgar Link unprocessable
ooma-20201031_pre.xml Edgar Link unprocessable
ooma-ex311_9.htm Edgar Link pending
ooma-ex312_8.htm Edgar Link pending
ooma-ex321_7.htm Edgar Link pending
ooma-ex322_6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending