Vonage Now Losing Subs; The Street Has Moved On
Thu, Feb 26th, 2009
Is anyone still bothering to pay attention to Vonage (VG)?
It doesn’t look like it. The voice-over IP phone company today posted Q4 revenue of $222 million, up three percent from a year ago. Vonage lost 26 cents a share in the quarter, but noted that it posted an operating profit of $2.8 million, its first quarter ever that far in the black. However, Vonage lost a net 14,700 subscribers, to finish with 2.6 million lines in service.
Read the whole story on AllThingsD
