Vonage, Vonage Mobile, Vonage VoIP and messaging app

Vonage Holdings Corp., the company behind Vonage Mobile and a leading provider of communications services connecting people through cloud-connected devices worldwide, today announced results for the first quarter ended March 31, 2013.

Vonage reported adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”)1 of $34 million, up from $32 million in the year ago quarter and flat sequentially. The Company reported income from operations of $22 million, up from $21 million in the year ago quarter and down from $24 million sequentially.

GAAP net income was $13 million, down from $14 million compared to the year ago period and flat sequentially. GAAP earnings per share was $0.06, flat compared to the year ago quarter and sequentially. Net income, excluding adjustments2 was $21 million or $0.10 per share, up from $19 million or $0.08 per share in the year ago quarter and down from $23 million or $0.10 per share sequentially.

“Executing on our growth priorities, we have made steady progress building the foundation to deliver services in Brazil,” said Marc Lefar, Vonage Chief Executive Officer. “And over the last couple of months, we have made great improvements in the quality, capabilities and appeal of the Vonage Mobile app. With our launch of video calling two weeks ago, Vonage Mobile now has a level of completeness and quality that is unsurpassed by any other communications app in the market.

Vonage continues to strengthen the capabilities of its mobile app; it recently launched video calling for iOS and Android, bringing together most of its popular features into one simple and high quality app. Vonage Mobile enables the use of an existing mobile identity and contact list, as well as calling to phones without the app at competitive rates. As the year progresses, it will be great to see Vonage’s mobile effort evolve and grow.

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By Josh Robert Nay

Josh Robert Nay is the founder and Editor-in-Chief of TruTower. He has worked in the telecommunications industry since 2003 and specializes in GSM based technology. He also uses (too many) VoIP apps and is a long-time user of BlackBerry, Android, and Windows Phone. He adores anything having to do with space exploration and writing. In addition to the links below, he can be found on LinkedIn and can also be found on his website at http://www.joshrobertnay.com.