February 24, 2017 9:09 PM ET

Diversified Telecommunication Services

Company Overview of Vonage Holdings Corp.

Company Overview

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Essential services. The company also provides home telephone replacement services through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. Its primary home telephone offering is Vonage World that offers unlimited domestic calling;...

23 Main Street

Holmdel, NJ 07733

United States

Founded in 2000

Phone:

732-528-2600

Key Executives for Vonage Holdings Corp.

Chief Executive Officer and Director
Age: 55
Total Annual Compensation: $800.0K
Chief Financial Officer and Treasurer
Age: 50
Total Annual Compensation: $490.4K
Chief Operating Officer
Age: 57
Total Annual Compensation: $573.5K
President of Enterprise
Age: 54
Total Annual Compensation: $311.5K
Compensation as of Fiscal Year 2015.

Vonage Holdings Corp. Key Developments

Vonage Holdings Corp. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year of 2017

Vonage Holdings Corp. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenues of $246,763,000 compared with $230,124,000 for the same period a year ago. Income from operations was $5,214,000 compared with $8,298,000 for the same period a year ago. Income from continuing operation before income tax expense was $1,554,000 compared with $5,534,000 for the same period a year ago. Income from continuing operations was $1,000 compared with $3,406,000 for the same period a year ago. Net income attributable to Vonage was $1,000 compared with $3,406,000 for the same period a year ago. Net cash provided by operating activities was $21,757,000 compared with $46,105,000 for the same period a year ago. Capital expenditures, intangible assets, and development of software assets were $8,767,000 compared with $13,996,000 for the same period a year ago. Adjusted OIBDA was $36,974,000 compared with $33,808,000 for the same period a year ago. Adjusted net income attributable to Vonage was $7,003,000 compared with $8,071,000 for the same period a year ago. Adjusted diluted earnings per share were $0.03 compared with $0.04 for the same period a year ago. For the full year, the company reported revenues of $955,621,000 compared with $895,072,000 for the same period a year ago. Income from operations was $44,154,000 compared with $52,992,000 for the same period a year ago. Income from continuing operation before income tax expense was $30,845,000 compared with $43,453,000 for the same period a year ago. Income from continuing operations was $17,907,000 compared with $25,035,000 for the same period a year ago. Diluted earnings per share from continuing operations were $0.08 compared with $0.11 for the same period a year ago. Net income attributable to Vonage was $17,907,000 compared with $22,655,000 for the same period a year ago. Diluted earnings per share were $0.08 compared with $0.10 for the same period a year ago. Net cash provided by operating activities was $87,012,000 compared with $129,731,000 for the same period a year ago. Capital expenditures, intangible assets, and development of software assets were $37,734,000 compared with $34,006,000 for the same period a year ago. Adjusted OIBDA was $160,042,000 compared with $143,552,000 for the same period a year ago. Adjusted net income attributable to Vonage excluding was $44,528,000 compared with $38,617,000 for the same period a year ago. Adjusted diluted earnings per share were $0.19 compared with $0.17 for the same period a year ago. For the year, CapEx was $38 million, net of reimbursable headquarters improvements, up from $34 million. The company provided earnings guidance for the full year of 2017. For the year, the company expects consolidated revenues in the range of $970 million to $985 million; total business revenue, which includes UCaaS and CPaaS, in the range of $487 million to $493 million; consumer revenue in the range of $483 million to $492 million reflecting the company's continued focus on optimizing the business for profitability and cash flow; consolidated adjusted OIBDA of at least $165 million; and capex of approximately $40 million.

Vonage Holdings Corp. Names Kenneth (Kenny) Wyatt as Chief Revenue Officer

Vonage Holdings Corp. named Kenneth (Kenny) Wyatt as Chief Revenue Officer. In this newly-created position, Mr. Wyatt will oversee all of Vonage sales and operations globally, including the Nexmo sales organization, sales engineering, service delivery and account management. He will report to Joe Redling, Chief Operating Officer. Most recently, Mr. Wyatt was with CenturyLink.

Vonage Holdings Corp. to Report Q4, 2016 Results on Feb 14, 2017

Vonage Holdings Corp. announced that they will report Q4, 2016 results at 12:01 PM, GMT Standard Time on Feb 14, 2017

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