From Wall Street – Vonage – CY2019-Q1

Current Highlights

The highlights for CY2019-Q1 are as follows:

  • Total revenue increased by 10% to $280 million
  • Consumer revenue was $100 million, down 15%
  • GAAP net loss was $1.0 million
  • Growth in enterprise customer segment ~ 25%
  • Strengthening focus on API platform for customers (788,000 registered developers), as well as applications consisting of unified communications and contact center solutions based on internal use of API stack