Vonage Holdings Corp. Reports Q4 EPS of $0.07 vs. $0.04

Vonage Holdings Corp. VG today announced results for the fourth quarter and full year ended December 31, 2010. Vonage reported record adjusted earnings before interest, taxes, depreciation and amortization of $41 million, an increase from $35 million sequentially and up from $34 million in the year ago quarter. Revenue of $218 million increased from $214 sequentially and decreased from $224 million year-over-year. Income from operations was $26 million, an increase from $20 million sequentially and up from $19 million in the year ago quarter. The Company reported net income of $15 million or $0.07 per share excluding adjustments, up from $8 million or $0.04 sequentially and up from $5 million or $0.03 per share in the prior year's quarter. Including one-time adjustments of $58 million in the fourth quarter related to the Company's refinancing, GAAP net loss was $42 million or $0.19 per share. This is up from a net loss of $55 million or $0.26 per share sequentially, which included $60 million in one-time charges related to the Company's refinancing, and down from net income of $4 million or $0.02 per share in the year ago quarter.