Vonage's current financials don't look too appealing. The company has lost $190 million through the first nine months of 2005, significantly wider than the $43 million that it lost over the same nine months a year earlier. Sales growth has been spectacular, though, up 245% in that time to a hearty $174 million.
Thursday, February 09, 2006
Bon Voyage, Vonage: Financial News - Yahoo! Finance
"Vonage is in a slightly different situation. It has a million subscribers, but it also has plenty of competition from other VOIP providers and free online providers. eBay (Nasdaq: EBAY - News) will pay as much as $4.1 billion for Skype, a software provider whose flagship chat program has been downloaded more than 250 million times. Skype users can voice-chat for free with other users over the Internet, or pay just pennies a minute to call mobile and landline phones. Even RadioShack (NYSE: RSH - News) is selling Skype handsets, wireless or stand-alone phones with seamless Skype integration."
Vonage's current financials don't look too appealing. The company has lost $190 million through the first nine months of 2005, significantly wider than the $43 million that it lost over the same nine months a year earlier. Sales growth has been spectacular, though, up 245% in that time to a hearty $174 million.
Vonage's current financials don't look too appealing. The company has lost $190 million through the first nine months of 2005, significantly wider than the $43 million that it lost over the same nine months a year earlier. Sales growth has been spectacular, though, up 245% in that time to a hearty $174 million.
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