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Sammy00 Posted:
Has anyone setup a
W52p phone for
vonage? I have
a W52p with two
wireless handsets,
...

In The Forum:
Hard Wiring - Installation
Topic:
W52p Setup
On Aug 30, 2016 at 10:38:01

James44 Posted:
Hi, I am
looking for a good
Sip Trunking
provider in
Canada. they
should offer
...

In The Forum:
Vonage
Topic:
A good sip trunking provider
On Jul 17, 2016 at 23:42:46

James44 Posted:
Which network
connection do you
use?
...

In The Forum:
Vonage
Topic:
Wireless Access Point plugged into switch
On Jul 13, 2016 at 22:55:00

jjatsk Posted:
We are renting a
few offices right
next door to our
main building. I
have a wireless
...

In The Forum:
Vonage
Topic:
Wireless Access Point plugged into switch
On Jul 09, 2016 at 12:00:54

Pman Posted:
Hello, While
Vonage has been a
great service over
the years, it is
time to part
...

In The Forum:
LNP – Local Number Portability
Topic:
Cannot port phone number to new carrier - repeated failures
On Jul 05, 2016 at 09:12:07

jbugz67 Posted:
We recently
purchased 5
Polycom VVX 300
phones from
Vonage, and have
regretted
...

In The Forum:
Vonage
Topic:
Nothing but problems with VVX300
On Apr 15, 2016 at 14:58:07

RichardPi Posted:
Hello, does
anybody recollect
how to get into
wifi password from
diggings router?
...

In The Forum:
Hard Wiring - Installation
Topic:
How to arrive at wifi password?
On Mar 31, 2016 at 02:39:07

RichardPi Posted:
Hello, does
anybody know how
to get into wifi
watchword from
home router?
...

In The Forum:
Hard Wiring - Installation
Topic:
How to be noised abroad wifi password?
On Mar 30, 2016 at 18:48:05

achow26 Posted:
BrettaMan, I am
having the same
problem. I do not
have the loopback
plug. I tried
...

In The Forum:
Hard Wiring - Installation
Topic:
Vonage issue with USTec UX-226
On Feb 16, 2016 at 14:13:37

alicesmith Posted:
I have used the
PBX phone system
in my new office.
I was very
confused about
phone
...

In The Forum:
Vonage
Topic:
IP PBX for small business
On Jan 29, 2016 at 01:49:14


Vonage VoIP Forums

Vonage In The News
Vonage Holdings Corp. Reports Fourth Quarter and Full Year 2013 Results

Carolyn Katz Elected to Board of Directors of Vonage Holdings Corp.

Syndication

Vonage Customer Reviews
Vonage vs. Time Warner Cable SoCal
Vonage vs. Time Warner Cable SoCal



Vonage UK Review
Vonage UK Review



Vonage Pros and Cons for 2006
Vonage Pros and Cons for 2006



Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review
Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review



Salt Lake City: impressions after several months
Salt Lake City: impressions after several months




Vonage Reviews

Vonage Holdings Corp. Reports Fourth Quarter and Full Year 2007 Results


Vonage Press Releases

- Fourth Quarter Revenue Grows 19% to $216 Million -
- Company Generates Adjusted Operating Income Excluding Charges(1) of $6 Million -
- 4Q07 Net Loss Excluding Charges(2) Narrows to $9 Million from $65 Million Year-over-Year -

HOLMDEL, N.J., Feb 13, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced results for the quarter and year ended December 31, 2007.

Revenue for the fourth quarter 2007 grew to a record $216 million, up 19% from $181 million in the fourth quarter 2006, driven by an increase in subscriber lines.

For the fourth quarter of 2007, the Company reported a GAAP net loss of $11 million or $0.07 per share. Excluding certain charges(2), net loss narrowed to $9 million, or $0.06 per share, down from $65 million reported in the fourth quarter 2006. Adjusted operating income excluding certain charges(1) was $6 million in the quarter, a significant improvement from a loss of $53 million in the year-ago quarter.

Jeffrey Citron, Vonage Chairman, said, "Although 2007 was a difficult period marked by numerous legal challenges, Vonage maintained its focus on improving the business. We improved our marketing efficiency, reduced our cost structure and for the first time in our history, generated positive adjusted operating income in the fourth quarter. Looking to 2008, we are confident in our ability to grow the business profitably and provide customers innovative, feature-rich and cost-effective communications services."

Fourth Quarter 2007 Financial and Operating Highlights

Fourth quarter 2007 revenue grew to $216 million, an increase of 19% from $181 million in the year-ago quarter. The year-over-year increase was driven by growth in subscriber lines.

Average monthly revenue per line in the fourth quarter 2007 was $28.19, down from $28.25 in the year-ago quarter and $28.24 reported in the third quarter 2007. Average monthly telephony services revenue per line for the quarter increased to $27.42, in line with $27.41 reported a year ago and up from $27.32 sequentially.

In the fourth quarter 2007, direct cost of telephony services was $54 million, up from $52 million a year ago and in line with the third quarter 2007. On a per line basis, average direct cost of telephony services fell to $7.11, down from $8.13 in the year ago quarter and $7.30 sequentially as the Company continued to benefit from call routing efficiency and scale.

Direct cost of goods sold for the quarter was $17 million, up from $12 million in the year-ago quarter and in line with the prior quarter. Direct margin(3) increased to 67% of revenues from 65% in the year-ago quarter.

Selling, general and administrative ("SG&A") expense excluding certain charges(4) was $77 million, down from $82 million in the year-ago quarter, and $81 million sequentially.

Pre-marketing operating income excluding certain charges(1) was $81 million, up from $49 million in the year-ago quarter and $71 million sequentially.

Marketing expense for the quarter was $63 million, or 29% of revenue, down sharply from $96 million, or 53% of revenue a year ago. Marketing expense was up slightly from the third quarter 2007. Marketing cost per gross subscriber line addition ("SLAC") was $223 in the fourth quarter 2007. As expected, SLAC increased slightly from $206 in the third quarter due to seasonal costs of advertising. The Company expects the cost of acquisition will be within $225- $250 for 2008.

Vonage added 56,000 net subscriber lines during the quarter to end the year at nearly 2.6 million lines.

Excluding certain charges, adjusted income from operations(1) was $6 million in the fourth quarter 2007, up from a loss of $53 million in the year ago quarter and a loss of $1 million sequentially. The Company generated $3 million in adjusted operating income in the fourth quarter 2007. John Rego, Vonage CFO said, "This is a significant accomplishment for the Company and reflects our ability to grow while effectively managing costs. We reached this milestone ahead of plan, and did so in a turbulent year."

Average monthly customer churn remained flat sequentially at 3.0% in the fourth quarter 2007.

Current cash and marketable securities and restricted cash on December 31, 2007 was $190 million. This includes $39 million in restricted cash used as collateral for routine business operations. The change in cash from the prior quarter was driven by settlement payments of $202 million, capital expenditures of $9 million, cash provided from operations(5) of $15 million and an $8 million increase in restricted cash. This is the second consecutive quarter of positive cash generation from operations.

Year-End 2007 Results

Revenue for 2007 increased to $828 million, up 36% from $607 million in 2006. Adjusted loss from operations excluding certain charges(1) narrowed to $46 million from $238 million in 2006. Net loss excluding certain charges(2) in 2007 narrowed to $90 million from $286 million the prior year. GAAP net loss was $265 million or $1.70 per share in 2007.

Vonage added 356,000 net subscriber lines in 2007 and finished the year with nearly 2.6 million lines in service, 16% above the year-ago level of 2.2 million lines.

Convertible Debt Refinancing Update

Vonage has $253 million in convertible debt, which can be put to the Company in December 2008. The Company with its financial advisors is currently in discussions with several parties regarding a refinancing of the debt. While the result of such discussions cannot be predicted with certainty, Vonage believes that it will be able to resolve its financial issues and meet its obligations. There can be no assurance, however, that Vonage will be able to resolve these issues in the near term. Assuming the Company has no resolution by the time it files its annual report on Form 10-K, the Company expects that its auditors' report on its 2007 financial statements will include an explanatory paragraph regarding the Company's ability to continue as a going concern.



Restatement

Vonage announced today that the Company's management, in consultation with the Company's Audit Committee and independent registered public accounting firm, determined that it is necessary to restate the Company's financial statements for the second and third quarters of 2007 in order to correct the amount of non-cash stock compensation expenses recorded by the Company for those periods. Accordingly, the Company's financial statements for such periods should not be relied on. Due to the departure of the Company's former Chief Executive Officer, certain senior executives and personnel impacted by the Company's reduction in force during the second and third quarters of 2007, there was a corresponding forfeiture of a large number of stock awards, and the Company determined that actual forfeitures as a result of these actions exceeded previous estimates. As a result, non-cash stock compensation expense should have been reduced concurrent with the resignation of these employees and an adjustment of stock-based compensation as required by SFAS 123R should have been recorded at that time. This restatement will not result in a change in the Company's previously reported revenues, cash flow from operations or total cash and cash equivalents shown in the second and third quarter 2007 financial statements. Instead, the resulting reduction in non-cash stock compensation will effect a decrease in selling, general and administrative expense of approximately $10 million in the second quarter and approximately $4 million in the third quarter of 2007. In light of the restatement, the Company believes that a material weakness existed in the design of its internal control procedures relating to recording its stock-based compensation expense. Although the Company's procedures did detect in the fourth quarter that stock-based compensation was overstated in the second and third quarters of 2007, the control was not designed in a manner to provide this conclusion in a timely manner. The Company has remediated this material weakness and prospectively will adjust its estimated forfeitures to actual forfeitures on a quarterly basis.

    (1) This is a non-GAAP financial measure.  Refer below to Table 3 for a
        reconciliation to GAAP loss from operations.
    (2) This is a non-GAAP financial measure.  Refer below to Table 4 for a
        reconciliation to GAAP net loss.
    (3) Direct margin is defined as operating revenues less direct cost of
        telephony services and direct cost of goods sold.
    (4) This is a non-GAAP financial measure.  Refer below to Table 5 for a
        reconciliation to SG&A.
    (5) This is a non-GAAP financial measure.  Refer below to Table 7 for a
        reconciliation to GAAP net cash used in operating activities.



                           Vonage HOLDINGS CORP.
               TABLE 1. SUMMARY CONSOLIDATED FINANCIAL DATA
             (Dollars in thousands, except per share amounts)

                               Three Months Ended   For the Years Ended
                                  December 31,          December 31,
                                2007       2006       2007       2006
                                  (unaudited)
    Statement of Operations
     Data:
    Operating Revenues:
    Telephony services         $209,961   $176,074   $803,522   $581,806
    Customer equipment and
     shipping                     5,891      5,389     24,706     25,591
                                215,852    181,463    828,228    607,397

    Operating Expenses:
      Direct cost of
       telephony services
       (excluding
       depreciation and
       amortization of $4,871,
       $3,775, $17,487, and
       $12,715, respectively)    54,467     52,205    216,831    171,958
      Royalty                         -     51,345     32,606     51,345
       Total direct cost of
       telephony services        54,467    103,550    249,437    223,303
      Direct cost of goods
       sold                      17,484     12,169     59,117     62,730
      Selling, general and
       administrative            78,835     81,790    461,768    272,826
      Marketing                  63,327     95,581    283,968    365,349
      Depreciation and
       amortization               9,731      7,032     34,344     23,677
                                223,844    300,122  1,088,634    947,885

    Loss from operations         (7,992)  (118,659)  (260,406)  (340,488)

    Other income (expense), net
      Interest income             2,516      7,030     17,582     21,472
      Interest expense           (4,407)    (5,606)   (20,107)   (19,583)
      Other, net                 (1,543)       (73)    (1,612)      (189)
                                 (3,434)     1,351     (4,137)     1,700

    Loss before income tax
     expense                    (11,426)  (117,308)  (264,543)  (338,788)

    Income tax expense              289        215       (182)       215

    Net loss                   $(11,137) $(117,093) $(264,725) $(338,573)

    Net loss per common share:
      Basic and diluted          $(0.07)    $(0.76)    $(1.70)    $(3.59)

    Weighted-average common
     shares outstanding:
      Basic and diluted         155,923    154,962    155,593     94,207



                            Vonage HOLDINGS CORP.
           TABLE 1. SUMMARY CONSOLIDATED FINANCIAL DATA (Continued)
               (Dollars in thousands, except per share amounts)

                             Three Months Ended   For the Years Ended
                                December 31,          December 31,
                              2007       2006       2007       2006
                                (unaudited)
    Statement of Cash Flow Data:
    Net cash provided by
     (used in) operating
     activities             $(181,937)  $(28,206) $(270,926) $(188,898)
    Net cash provided by
     (used in) investing
     activities               125,174     86,402    132,003   (210,798)
    Net cash provided by
     (used in) financing
     activities                  (229)    (1,920)       245    477,429


                                                December 31, December 31,
                                                     2007       2006
    Balance Sheet Data (at period end):
    Cash, cash equivalents and marketable
     securities                                    $151,484   $499,736
    Restricted cash                                  38,928      8,042
    Property and equipment, net of accumulated
     depreciation                                   118,666    128,247
    Total assets                                    465,000    757,524
    Convertible notes, net                          253,320    253,430
    Capital lease obligations                        23,235     24,255
    Total liabilities                               537,424    574,323
    Total stockholders' equity (deficit)            (72,424)   183,201



                              Vonage HOLDINGS CORP.
                  TABLE 2. SUMMARY CONSOLIDATED OPERATING DATA
                                   (unaudited)

                                                  Three Months Ended
                                            December   September    December
                                            31, 2007    30, 2007    31, 2006

    Gross subscriber line additions          283,907     299,978     312,094
    Net subscriber line additions             56,016      77,763     166,267
    Subscriber lines (at period end)       2,580,227   2,524,211   2,224,111
    Average monthly customer churn              3.0%        3.0%        2.3%
    Average monthly revenue per line          $28.19      $28.24      $28.25
    Average monthly telephony services
     revenue per line                         $27.42      $27.32      $27.41
    Average monthly total direct cost of
     telephony services per line               $7.11       $8.80      $16.12
    Marketing costs per gross subscriber
     line addition                           $223.06     $206.30     $306.26
    Employees (excluding temporary help)
     (at period end)                           1,543       1,559       1,790
    CPE subsidy                               $40.83      $34.16      $21.72
    Direct margin as a % of total revenue      66.7%       66.0%       64.5%

                                                     For the Years Ended
                                                         December 31,
                                                     2007              2006

    Gross subscriber line additions              1,153,218         1,470,138
    Net subscriber line additions                  356,116           955,073
    Subscriber lines (at period end)             2,580,227         2,224,111
    Average monthly customer churn                    2.8%              2.5%
    Average monthly revenue per line                $28.73            $28.98
    Average monthly telephony services
     revenue per line                               $27.87            $27.76
    Average monthly total direct cost of
     telephony services per line                     $8.65            $10.65
    Marketing costs per gross subscriber
     line addition                                 $246.24           $248.51
    Employees (excluding temporary help)
     (at period end)                                 1,543             1,790
    CPE subsidy                                     $29.84            $25.26
    Direct margin as a % of total revenue            66.7%             61.4%



                            Vonage HOLDINGS CORP.
   TABLE 3.  RECONCILIATION OF GAAP LOSS FROM OPERATIONS TO ADJUSTED INCOME
                                    (LOSS)
 FROM OPERATIONS AND PRE-MARKETING OPERATING INCOME (LOSS),EXCLUDING CERTAIN
                                   CHARGES
                            (Dollars in thousands)
                                 (unaudited)

                                                  Three Months Ended
                                            December   September     December
                                            31, 2007    30, 2007     31, 2006
                                                       (restated)

    Income (loss) from operations           $(7,992)   $(156,712)   $(118,659)
       Depreciation and amortization          9,731        8,563        7,032
       Non-cash stock compensation            1,663        2,428        7,000
    Adjusted income (loss) from operations    3,402     (145,721)    (104,627)
       Marketing                             63,327       61,885       95,581
       Customer equipment and shipping       (5,891)      (6,810)      (5,389)
       Direct cost of goods sold             17,484       17,057       12,169
    Pre-marketing operating income (loss)   $78,322     $(73,589)     $(2,266)
      As a % of telephony services revenue    37.3%       (36.1%)       (1.3%)

    Adjusted income (loss) from operations   $3,402    $(145,721)   $(104,627)
       Royalty                                    -       11,139       51,345
       IP litigation                          1,349      132,951            -
       Severance                                885          533            -
    Adjusted income (loss) from operations
    excluding certain charges                $5,636      $(1,098)    $(53,282)

    Pre-marketing operating income (loss)   $78,322     $(73,589)     $(2,266)
       Royalty                                    -       11,139       51,345
       IP litigation                          1,349      132,951            -
       Severance                                885          533            -
    Pre-marketing operating income (loss)
     excluding certain charges              $80,556      $71,034      $49,079

                                                       For the Years Ended
                                                           December 31,
                                                      2007              2006

    Income (loss) from operations                 $(260,406)        $(340,488)
       Depreciation and amortization                 34,344            23,677
       Non-cash stock compensation                    7,542            26,980
    Adjusted income (loss) from operations         (218,520)         (289,831)
       Marketing                                    283,968           365,349
       Customer equipment and shipping              (24,706)          (25,591)
       Direct cost of goods sold                     59,117            62,730
    Pre-marketing operating income (loss)           $99,859          $112,657
       As a % of telephony services revenue           12.4%             19.4%

    Adjusted income (loss) from operations        $(218,520)        $(289,831)
       Royalty                                       32,606            51,345
      IP litigation                                 134,300                 -
       Severance                                      5,242                 -
    Adjusted income (loss) from operations
     excluding certain charges                     $(46,372)        $(238,486)

    Pre-marketing operating income (loss)           $99,859          $112,657
       Royalty                                       32,606            51,345
       IP litigation                                134,300                 -
       Severance                                      5,242                 -
    Pre-marketing operating income (loss)
     excluding certain charges                     $272,007          $164,002



                              Vonage HOLDINGS CORP.
   TABLE 4.  RECONCILIATION OF GAAP NET LOSS TO NET LOSS EXCLUDING CERTAIN
                                   CHARGES
                 (Dollars in thousands, except per share amounts)
                                   (unaudited)

                                Three Months Ended        For the Years Ended
                          December  September  December       December 31,
                         31, 2007   30, 2007   31, 2006     2007       2006
                                    (restated)

    Net loss             $(11,137) $(158,028) $(117,093) $(264,725) $(338,573)
       Royalty                  -     11,139     51,345     32,606     51,345
       Interest on royalty      -      1,008      1,170      2,436      1,170
       IP litigation        1,349    132,951          -    134,300          -
       Severance              885        533          -      5,242          -
    Net loss excluding
     certain charges      $(8,903)  $(12,397)  $(64,578)  $(90,141) $(286,058)

    Net loss per common
     share:
       Basic and diluted   $(0.07)    $(1.01)    $(0.76)    $(1.70)    $(3.59)

    Net loss per common
     share, excluding
     certain charges:
       Basic and diluted   $(0.06)    $(0.08)    $(0.42)    $(0.58)    $(3.04)

    Weighted-average common
     shares outstanding:
       Basic and diluted  155,923    155,784    154,962    155,593     94,207



                              Vonage HOLDINGS CORP.
     TABLE 5.  RECONCILIATION OF GAAP SG&A TO SG&A EXCLUDING CERTAIN CHARGES
                             (Dollars in thousands)
                                   (unaudited)

                                 Three Months Ended     For the Years Ended
                             December September December     December 31,
                             31, 2007  30, 2007 31, 2006    2007      2006
                                      (restated)
    Selling, general and
     administrative           $78,835  $214,139  $81,790  $461,768  $272,826
       IP litigation           (1,349) (132,951)       -  (134,300)        -
       Severance                 (885)     (533)       -    (5,242)        -
    SG&A excluding certain
     charges                  $76,601   $80,655  $81,790  $322,226  $272,826
    SG&A excluding certain
     charges as
     a % of revenue             35.5%     38.3%    45.1%     38.9%     44.9%



                            Vonage HOLDINGS CORP.
    TABLE 6.  RECONCILIATION OF GAAP NET LOSS TO CASH NET LOSS EXCLUDING
                               CERTAIN CHARGES
                           (Dollars in thousands)
                                 (unaudited)

                                                   Three Months Ended
                                           December    September     December
                                           31, 2007     30, 2007     31, 2006
                                                       (restated)

    Net loss                               $(11,137)   $(158,028)   $(117,093)
       Royalty                                    -       11,139       51,345
       Interest on royalty                        -        1,008        1,170
       IP litigation                          1,349      132,951            -
       Severance                                885          533            -
       Depreciation and amortization          9,731        8,563        7,032
       Non-cash stock compensation            1,663        2,428        7,000
       Other non-cash items in net loss       4,415        1,376        2,206
    Cash net income (loss) excluding
     certain charges                         $6,906         $(30)    $(48,340)

                                                     For the Years Ended
                                                          December 31,
                                                    2007               2006
    Net loss                                    $(264,725)         $(338,573)
       Royalty                                     32,606             51,345
       Interest on royalty                          2,436              1,170
       IP litigation                              134,300                  -
       Severance                                    5,242                  -
       Depreciation and amortization               34,344             23,677
       Non-cash stock compensation                  7,542             26,980
       Other non-cash items in net loss             9,182              8,011
    Cash net income (loss) excluding
     certain charges                             $(39,073)         $(227,390)



                             Vonage HOLDINGS CORP.
         TABLE 7. RECONCILIATION OF GAAP NET CASH PROVIDED BY (USED IN)
                                   OPERATIONS
     TO NET CASH PROVIDED BY (USED IN) OPERATIONS EXCLUDING CERTAIN CHARGES
                             (Dollars in thousands)
                                  (unaudited)

                                                  Three Months Ended
                                            December  September    December
                                            31, 2007   30, 2007    31, 2006
    Net cash provided by (used in)
     operating activities                  $(181,937)   $22,461    $(28,206)
       Reversal of accrued IP litigation     191,325          -           -
       Prepaid services per Sprint
        settlement                             5,000          -           -
       Payment per AT&T settlement               650          -           -
    Net cash provided by (used in)
     operating activities
    excluding certain charges                $15,038    $22,461    $(28,206)



Use of Non-GAAP Financial Measures

This press release includes the following measures defined as non-GAAP financial measures by the Securities and Exchange Commission: net loss excluding certain charges, adjusted loss from operations, adjusted loss from operations excluding certain charges, pre-marketing operating income, pre- marketing operating income excluding certain charges, SG&A excluding certain charges and net cash from operations excluding certain charges.

The Company has excluded the royalty, IP litigation settlements with Verizon, Sprint, AT&T and others and associated interest and severance expense from certain GAAP and non-GAAP financial measures to enable better comparisons to prior periods. For example, the Company has excluded the royalty, IP litigation settlements and severance expense from adjusted loss from operations. The Company believes that excluding these items will assist investors in evaluating the Company's operating performance and in understanding its results of operations on a comparative basis.

Vonage uses net loss excluding certain charges, cash net loss excluding certain charges, adjusted loss from operations and pre-marketing operating income as principal indicators of the operating performance of its business. We believe that adjusted loss from operations permits a comparative assessment of our operating performance, relative to our performance based on our GAAP results, while isolating the effects of depreciation and amortization, which may vary from period to period without any correlation to underlying operating performance, and of non-cash stock compensation expense, which is a non-cash expense that also varies from period to period.

Given that our strategy currently results in operating losses, we believe that pre-marketing operating income is an important metric to evaluate the profitability of the existing customer base to justify the level of continued investment in growing that customer base. In addition, as we are currently growing both our revenue and customer base, we have chosen to invest significant amounts on our marketing activities to acquire and replace subscribers. We provide information relating to our adjusted loss from operations and pre-marketing operating income so that investors have the same data that we employ in assessing our overall operations. We believe that trends in our adjusted loss from operations and pre-marketing operating income are valuable indicators of the operating performance of our company on a consolidated basis and of our ability to produce operating cash flow to fund working capital needs, to service debt obligations and to fund capital expenditures.

We use net cash from operations excluding certain charges as this provides an important measure of cash required to fund ongoing operations excluding the impact of certain charges.

The non-GAAP financial measures used by us may not be directly comparable to similarly titled measures reported by other companies due to differences in accounting policies and items excluded or included in the adjustments, which limits its usefulness as a comparative measure. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Vonage defines adjusted loss from operations as GAAP loss from operations excluding depreciation and amortization and non-cash stock compensation expense.

Vonage defines adjusted loss from operations excluding certain charges as GAAP loss from operations excluding depreciation and amortization, non-cash stock compensation expense, royalty, IP litigation settlements and severance expense.

Vonage defines pre-marketing operating income as GAAP loss from operations excluding customer equipment and shipping revenue, direct cost of goods sold, depreciation and amortization, marketing and non-cash stock compensation expense.

Vonage defines pre-marketing operating income excluding certain charges as GAAP loss from operations excluding customer equipment and shipping revenue, direct cost of goods sold, depreciation and amortization, marketing and non- cash stock compensation expense, royalty, IP litigation settlements and severance expense.

Vonage defines net loss excluding certain charges as GAAP net loss excluding royalty, IP litigation settlements and associated interest and severance expense.

Vonage defines SG&A excluding certain charges as GAAP SG&A less IP litigation settlements and severance expense.

Vonage defines net cash from operations excluding certain charges as net cash from operations less IP litigation and settlements.

Conference Call and Webcast

Management will host a webcast discussion of the quarter's and full year's results on Wednesday, February 13, 2008 at 10:00 AM Eastern Time. To participate, please dial (877) 548-7903 approximately ten minutes prior to the call. International callers should dial (719) 325-4896. A replay will be available approximately two hours after the conclusion of the call until midnight February 27, 2008, and may be accessed by dialing (888) 203-1112. International callers should dial (719) 457-0820. Replay Passcode: 1142438

The webcast will be broadcast live through Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.

Safe Harbor Statement

This press release contains forward-looking statements regarding the Company's ability to grow profitably, ability to refinance its outstanding convertible notes and the Company's cost of acquisition for 2008. In addition, statements in this press release that are not historical facts or information may be forward-looking statements. The forward-looking statements in this release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include, but are not limited to, our damaging and disruptive intellectual property and other litigation; our history of net operating losses and our need for cash to finance our growth; the competition we face; our dependence on our customers' existing broadband connections; differences between our service and traditional phone services, including our 911 service; uncertainties relating to regulation of Voip services; system disruptions or flaws in our technology; the risk that Voip does not gain broader acceptance; and other factors that are set forth in the "Risk Factors" section, the "Legal Proceedings" section, the "Management's Discussion and Analysis of Results of Operations and Financial Condition" section and other sections of Vonage's Annual Report on Form 10-K for the year ended December 31, 2006, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, and therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.

About Vonage

Vonage (NYSE: VG) is a leading provider of broadband telephone services with nearly 2.6 million subscriber lines. Our award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. We offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services.

Our Residential Premium Unlimited and Small Business Unlimited calling plans offer consumers unlimited local and long distance calling, and popular features like call waiting, call forwarding and voicemail -- for one low, flat monthly rate. Vonage's service is sold on the web and through national retailers including Best Buy, Circuit City, Wal-Mart Stores Inc. and Target and is available to customers in the U.S., Canada and the United Kingdom. For more information about Vonage's products and services, please visit http://www.vonage.com.

Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.




 
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†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

** Certain call types excluded.

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