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Telecom & Wireless

Vonage Leaps on Metrics (VG)

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By Douglas A. McIntyre Updated Published
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Vonage Holdings Corp. (NYSE: VG) reported that first quarter revenue rose by 15% to $225 million.  The company also generated an adjusted operating income of $8 million, while its net loss narrowed to $9 million or $0.06 per Share.  The estimates from First Call were -$0.07 EPS and $223.17 million in revenues.

After the earning, we aren’t really concerned with the actual results today.  The reason is because the company is in financing talks over its debt that is probably going to be put back to the company late this year.

In a separate announcement, recently-bought Covad announced a pact where Vonage will offer its customers with a broadband solution using Covad’s nationwide DSL network.

As far as individual metrics, Vonage’s monthly revenues per line rose by $0.51 to $27.87.  Its churn rate rose to 3.3% in Q4.  It added 30,000 net subscriber lines to end with 2.6 million lines.

Vonage shares are up about 6% pre-market at $2.01 in pre-market trading.

Jon C. Ogg
May 8, 2008

Jon Ogg is a producer and editor of the "10 Stocks Under $10" weekly newsletter from a673b.bigscoots-temp.com.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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