said by fAcEtIOUs:Year-End 2007 Results
Revenue for 2007 increased to $828 million, up 36% from $607 million in 2006. Adjusted loss from operations excluding certain charges(1) narrowed to $46 million from $238 million in 2006. Net loss excluding certain charges(2) in 2007 narrowed to $90 million from $286 million the prior year.
GAAP net loss was $265 million or $1.70 per share in 2007.
Vonage added 356,000 net subscriber lines in 2007 and finished the year with nearly 2.6 million lines in service, 16% above the year-ago level of 2.2 million lines.
Doing better, but they still lost $265 million on revenues of $828 million. And investors won't support that more than 1 more year.
Probably most of that loss was paying legal settlements to the ILECs that are trying to drive them out of business..
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