December 11, 2016 3:43 AM 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

1,752 Employees

Phone:

732-528-2600

Key Executives for Vonage Holdings Corp.

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
Chief Technology Officer
Age: 53
Total Annual Compensation: $196.9K
Chief Legal Officer and Secretary
Age: 44
Total Annual Compensation: $454.8K
Compensation as of Fiscal Year 2015.

Vonage Holdings Corp. Key Developments

Vonage Holdings Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Revises Consolidated Earnings Guidance for the Fiscal 2016

Vonage Holdings Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenues were $248.36 million against $223.36 million a year ago. Income from operations was $15.03 million against $8.797 million a year ago. Income from continuing operations before income tax expense was $10.579 million against $6.549 million a year ago. Income from continuing operations was $9.08 million against $3.433 million a year ago. Diluted earnings per share from continuing operations were $0.04 against $0.02 a year ago. Net income was $9.08 million against $3.43 million a year ago. Diluted earnings per share were $0.04 against $0.02 a year ago. Net cash provided by operating activities was $26.69 million against $37.66 million a year ago. Capital expenditures, intangible assets, and development of software assets were $7.36 million against $9.508 million a year ago. Adjusted OIBDA was $41.23 million against $33.986 million a year ago. Capital expenditures were $4.03 million against $4.618 million a year ago. Acquisition and development of software assets was $3.332 million against $2.39 million a year ago. Adjusted net income was $18.812 million against $11.310 million a year ago. Adjusted diluted earnings per share were $0.08 against $0.05 a year ago. For the nine months, the company reported revenues were $708.86 million against $664.95 million a year ago. Income from operations was $38.94 million against $44.69 million a year ago. Income from continuing operations before income tax expense was $29.29 million against $37.919 million a year ago. Income from continuing operations was $17.906 million against $21.629 million a year ago. Diluted earnings per share from continuing operations were $0.08 against $0.10 a year ago. Net income was $17.906 million against $19.25 million a year ago. Diluted earnings per share were $0.08 against $0.09 a year ago. Net cash provided by operating activities was $65.255 million against $83.626 million a year ago. Capital expenditures, intangible assets, and development of software assets were $28.967 million against $20.010 million a year ago. Adjusted OIBDA was $123.07 million against $109.74 million a year ago. Capital expenditures were $19.98 million against $9.578 million a year ago. Acquisition and development of software assets was $8.987 million against $7.932 million a year ago. Adjusted net income was $51.338 million against $38.500 million a year ago. Adjusted diluted earnings per share were $0.23 against $0.17 a year ago. Net debt as of September 30, 2016 was $309.388 million against $151.627 as of December 31, 2015. The company is updating its 2016 full year guidance due to greater visibility on its full year results. Vonage continues to expect consolidated annual GAAP revenue of $950 to $960 million. Within this, the company is raising guidance for Vonage business revenues to a range of $374 to $377 million, up from $365 to $370 million. Adjusted OIBDA is expected to be in the range of $158 to $160 million, up from at least $150 million.

Vonage Holdings Corporation Presents at UBS 44th Annual Global Media and Communications Conference 2016, Dec-06-2016 04:00 PM

Vonage Holdings Corporation Presents at UBS 44th Annual Global Media and Communications Conference 2016, Dec-06-2016 04:00 PM. Venue: Grand Hyatt, 109 East 42nd Street, New York, New York, United States. Speakers: Alan Masarek, Chief Executive Officer.

Vonage Holdings Corporation to Report Q3, 2016 Results on Oct 26, 2016

Vonage Holdings Corporation announced that they will report Q3, 2016 results at 12:01 PM, GMT Standard Time on Oct 26, 2016

Similar Private Companies By Industry

Company Name Region
1 Com, Inc. United States
1-800-RECONEX, Inc. United States
123.Net Inc. United States
1800Prepaid United States
1TDS.com, L.L.C. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 5, 2016
Nexmo, Inc.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Vonage Holdings Corp., please visit www.vonage.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.