vonage holdings corp (VG) Key Developments
Vonage Holdings Corporation Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 04:15 PM
May 8 15
Vonage Holdings Corporation Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 04:15 PM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Alan B. Masarek, Chief Executive Officer and Director.
Vonage Holdings Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for 2015
May 6 15
Vonage Holdings Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $220 million compared to $221 million in the year ago quarter. Adjusted earnings before interest, taxes, depreciation and amortization were $38 million against $29 million a year ago. GAAP net income was $7 million or $0.04 per share, up from $5 million or $0.02 per share in the year ago quarter. Adjusted net income was $20 million or $0.10 per share, up from $13 million or $0.06 per share in the year ago quarter. Net cash provided by operating activities was $10,724,000 against $9,387,000 a year ago. Capital expenditures were $2,056,000 against $942,000 a year ago. Income from operations was $19,339,000 against $11,601,000 a year ago. Income from continuing operations before income tax expense was $16,847,000 against $9,602,000 a year ago. Income from continuing operations was $9,849,000 or $0.04 per diluted share against $5,484,000 or $0.02 per diluted share a year ago. Net debt as at March 31, 2015 was $120,849,000.
The company expects total 2015 revenue to be in the range of $862 million to $877 million. The company continues to believe it can grow 2015 Vonage Business revenue 40% on a pro forma, organic, basis, as if Telesphere and Simple Signal were owned for all of 2014 and 2015. The company continues to expect adjusted EBITDA to be at least $135 million and capital expenditures to be approximately $30 million.
Vonage Holdings Seeks Acquisitions
May 6 15
Alan Masarek, Chief executive Officer of Vonage Holdings Corporation (NYSE:VG) said, "We'll also continue to execute on our acquisition growth strategy, which is to target assets that expand our geographic presence, product set and/or customer base and add attractive prices. We've demonstrated that we're disciplined to acquire and we're actively evaluating a risk pipeline about the companies."
Vonage Holdings Corporation Announces Availability of Vonage Mobile App for Apple Watch
May 5 15
Vonage Holdings Corp. has announced the availability of Vonage Mobile App for Apple Watch. Vonage Mobile on Apple Watch means that users no longer need to pick up their iPhone to respond to messages and calls. Vonage Mobile users can respond to calls and text messages from other Vonage Mobile users directly from Apple Watch. Understanding consumers are always on-the-go, Vonage Mobile for Apple Watch is one of the first wearable communications apps on the market that allows users to set personal reminders to return a phone call or message at a later time. This can be done directly from the watch's incoming call screen, or by accessing recent calls/messages from the watch.
Vonage Holdings Corporation to Report Q1, 2015 Results on May 06, 2015
Apr 20 15
Vonage Holdings Corporation announced that they will report Q1, 2015 results at 8:30 AM, Eastern Daylight on May 06, 2015