Vonage Financials

• 17% losses year over year
• 1.85M users
• Stock under $7 after $17 IPO that is under litigation
• 1M shares bought by customers never paid for
• Sales at $143M, Losses at $74M
• ARPU was $26.40, may be due to E911 recovery fee
• Cost per line down to $7.52
• Acquisition at $239 per sub (not including H/W and retail partner payments)
• Monthly churn is up to 2.3% or 27.6% annually.
• As of the end of the quarter, only $597,721 in cash and cash equivalents on hand.
• The IPO brought in $531.3M, but Vonage only banked about $492M.
• More funny numbers from Sept. 2005 can be found here.
• This gem: "Direct cost of goods sold increased by $18.3 million, or 151%, from $12.1 million for the nine months ended September 30, 2004 to $30.5 million for the nine moonths ended September 30, 2005."