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GREEN ZONE WATCH at GreenArrowStock.com: Vonage Holdings Corp. (VG).

Publication: M2 Presswire
Publication Date: 04-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-4 November 2009-GreenArrowStock.com: GREEN ZONE WATCH at GreenArrowStock.com: Vonage Holdings Corp. (VG).(C)1994-2009 M2 COMMUNICATIONS

RDATE:04112009

GREEN ZONE WATCH at GreenArrowStock.com: Vonage Holdings Corp. (VG).

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VG NEWS: Wednesday, November 4, 2009. 8:05AM EST

Vonage Holdings Corp. (NYSE:VG), a leading provider of high-quality voice and messaging services over broadband networks, today announced results for the third quarter ended September 30, 2009.

Vonage reported record adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")(1) of $33 million, up from $15 million in the year ago quarter and $31 million sequentially. This is the eighth consecutive quarter of record high adjusted EBITDA.

Revenue of $222 million was down 2% year-over-year, and up 1% sequentially. The Company generated net income, excluding adjustments(2), of $5 million or $0.03 per share. This is an improvement from a net loss of $8 million in the third quarter of 2008 and net income, excluding adjustments of $1 million, sequentially.

As a result of the sharp increase in the price of Vonage's stock during the quarter, the...

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