OverviewSuggest Edit

Vonage 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, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. In addition, it offers Vonage-enabled devices and high-speed broadband Internet service.

TypePublic
Founded2001
HQHolmdel, US
Websitevonage.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2018)2,248(+27%)
Job Openings195
Revenue (FY, 2018)$1 B(+5%)
Share Price (Oct 2019)$10.6

Key People/Management at Vonage

Alan Masarek

Alan Masarek

CEO
David Pearson

David Pearson

CFO
Randy Rutherford

Randy Rutherford

Chief Legal Officer and Secretary
Omar Javaid

Omar Javaid

President, API Platform Group
Vinod Lala

Vinod Lala

Chief Strategy Officer
Rishi Dave

Rishi Dave

CMO
Show more

Vonage Office Locations

Vonage has an office in Holmdel
Holmdel, US (HQ)
23 Main St
Show all (1)

Vonage Financials and Metrics

Vonage Revenue

Embed Graph
View revenue for all periods
Vonage's revenue was reported to be $1.05 b in FY, 2018 which is a 4.6% increase from the previous period.
USD

Revenue (Q2, 2019)

297.6m

Gross profit (Q2, 2019)

169.4m

Gross profit margin (Q2, 2019), %

56.9%

Net income (Q2, 2019)

4.5m

EBIT (Q2, 2019)

167.0k

Market capitalization (11-Oct-2019)

2.6b

Closing stock price (11-Oct-2019)

10.6

Cash (30-Jun-2019)

18.0m

EV

2.6b
Vonage's current market capitalization is $2.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

955.6m1.0b1.0b

Revenue growth, %

7%5%5%

Cost of goods sold

321.4m379.0m427.0m

Gross profit

634.2m623.3m621.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

226.8m233.7m248.4m243.3m251.8m253.1m253.6m259.9m261.5m279.5m297.6m

Cost of goods sold

9.1m8.4m8.6m7.3m6.2m6.3m103.6m107.2m104.4m113.4m128.2m

Gross profit

217.8m225.3m239.8m236.1m245.6m246.8m150.0m152.7m157.2m166.1m169.4m

Gross profit Margin, %

96%96%97%97%98%98%59%59%60%59%57%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

29.1m31.4m5.1m

Accounts Receivable

36.7m44.2m75.3m

Prepaid Expenses

29.2m23.8m26.5m

Inventories

29.2m3.0m1.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

35.9m24.3m33.2m26.2m26.8m29.9m23.5m26.1m25.7m18.3m18.0m

Accounts Receivable

20.8m35.3m33.3m32.1m36.2m42.4m43.9m49.5m57.1m73.4m97.5m

Prepaid Expenses

18.6m21.6m21.2m30.9m25.8m23.3m28.0m23.1m21.3m27.1m25.2m

Inventories

5.6m4.3m4.4m3.6m3.5m2.7m2.9m2.0m1.4m1.3m1.1m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

17.9m(33.9m)35.7m

Depreciation and Amortization

72.3m34.3m31.4m

Inventories

800.0k789.0k1.2m

Accounts Payable

(13.6m)(664.0k)20.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

7.9m8.8m17.9m5.9m10.7m21.3m24.5m33.1m42.7m(534.0k)4.0m

Depreciation and Amortization

17.0m18.2m18.0m17.9m17.4m25.9m7.4m17.5m24.4m6.7m48.6m

Inventories

(25.0k)906.0k582.0k340.0k353.0k1.2m(179.0k)623.0k1.3m179.0k444.0k

Accounts Payable

4.1m5.1m(17.3m)8.2m(8.1m)1.4m1.6m7.8m6.9m(9.8m)(14.9m)
USDY, 2019

EV/EBIT

15.6 k x

EV/CFO

93 x

EV/FCF

140.3 x

Financial Leverage

2.4 x
Show all financial metrics

Vonage Operating Metrics

Vonage's Subscribers was reported to be 2.2 m in Q1, 2018. Vonage's Paying Subscribers was reported to be 1.6 m in Q1, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Average Monthly Revenue per Subscriber

$27.97 $27.79 $27.38 $26.68 $26.61 $26.36 $26.10 $26.33 $26.29 $26.19 $26.58 $26.37 $26.30 $26.42 $26.43 $26.89

Paying Subscribers

2.09 m2.05 m2 m1.88 m1.82 m1.77 m1.65 m

Resellers

20 k20 k20 k20 k20 k

Subscribers

2.50 m2.50 m2.30 m2.30 m2.30 m2.20 m2.20 m
Show all operating metrics

Vonage Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Over.aiAugust 06, 2019
NewVoiceMediaSeptember 20, 2018$350 m
NewVoiceMedia Asia Pacific Ltd.
NewVoiceMedia Euro Holdings SARL
NewVoiceMedia Germany GmbH
NewVoiceMedia Inc.
NewVoiceMedia Pty Ltd.
NewVoiceMedia sP ZOO
NewVoiceMedia UK Ltd.
Nexmo Asia Pacific Limited
Show more

Vonage Revenue Breakdown

Embed Graph

Vonage revenue breakdown by business segment: 58.0% from Business and 42.0% from Consumer

Vonage revenue breakdown by geographic segment: 14.0% from Other Countries, 78.7% from United States and 7.3% from Other

Vonage Online and Social Media Presence

Embed Graph

Vonage News and Updates

Vonage research reveals IVR horror costs businesses $262 per customer each year

HOLMDEL, N.J., Sept. 26, 2019 /PRNewswire/ -- Vonage (NYSE: VG), a global business cloud communications leader, today published new research which reveals that more than half (51%) of consumers have abandoned a business altogether because they've reached an automated menu of options,...

Vonage Awarded 2019 CRM Excellence Award

HOLMDEL, N.J., July 17, 2019 /PRNewswire/ -- Vonage (NYSE: VG), announced today that TMC, a global, integrated media company, has named Vonage's NewVoiceMedia Solution as a recipient of a 2019 CRM Excellence Award, presented by CUSTOMER magazine. "We are thrilled to have won the 2019 CRM...

Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Second Quarter 2019 Results

HOLMDEL, N.J., July 16, 2019 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a business cloud communications leader, will report its financial results for the second quarter of 2019 before the market opens on Tuesday, August 6, 2019. The earnings release will be available on Vonage's...

Vonage and Freshworks Enhance Customer Experience Via Multichannel Communications

HOLMDEL, N.J., June 26, 2019 /PRNewswire/ -- Vonage (NYSE: VG), a global business cloud communications leader, has announced a partnership with Freshworks Inc, a global innovator in customer engagement software. The partnership integrates messaging APIs via Nexmo, the Vonage API Platform...

Vonage Holdings Corp. Announces Pricing of Private Offering of $300 Million of 1.75% Convertible Senior Notes

HOLMDEL, N.J., June 11, 2019 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) ("Vonage") announced today the pricing of its previously announced private offering of $300 million aggregate principal amount of 1.75% Convertible Senior Notes due 2024 (the "notes"). The notes were offered...

Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for First Quarter 2019 Results

HOLMDEL, N.J., April 17, 2019 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a business cloud communications leader, will report its financial results for the first quarter of 2019 before the market opens on Wednesday, May 8, 2019. The earnings release will be available on Vonage's...
Show more

Vonage Frequently Asked Questions

  • When was Vonage founded?

    Vonage was founded in 2001.

  • Who are Vonage key executives?

    Vonage's key executives are Alan Masarek, David Pearson and Randy Rutherford.

  • How many employees does Vonage have?

    Vonage has 2,248 employees.

  • What is Vonage revenue?

    Latest Vonage annual revenue is $1 b.

  • What is Vonage revenue per employee?

    Latest Vonage revenue per employee is $466.5 k.

  • Who are Vonage competitors?

    Competitors of Vonage include 8x8, Link Mobility and SendBird.

  • Where is Vonage headquarters?

    Vonage headquarters is located at 23 Main St, Holmdel.

  • Where are Vonage offices?

    Vonage has an office in Holmdel.

  • How many offices does Vonage have?

    Vonage has 1 office.