Vonage earnings results out this week, but what next?

Vonage will release its fourth-quarter and full-year 2008 earnings this week, during a conference call Thursday at 10 a.m. EST.  The company will likely have to at least give lip service to a Feb. 9 NYSE delisting notice and the general condition of its stock price these days.

Earlier this month, the New York Stock Exchange notified Vonage that the company had fallen below a continued listing standard that requires a minimum average global market cap of not less than $100 million over a consecutive 30-day trading period. Vonage gets to file a plan within 45 days to demonstrate how it will comply within 18 months. Once filed, the NYSE has 45 days to determine if it will accept Vonage's plan.

It is the second type of warning the NYSE has sent Vonage's way; in October, the company was giving a warning to get its share prices to an average of $1 over six months or face delisting.

Vonage's market cap as of close of business on Friday, Feb. 20, was a rounded-up $58 million, and the company's price per share was $0.37. 

Analysts will be looking at three key indicators for the fourth quarter and full year: Cash losses, net gain of customers and customer churn. Last quarter, the company booked an $8 million loss, a net gain of over 9,000 customers, and had around a 3 percent per month churn rate.  

Announcing its third-quarter numbers back in November, CEO Marc Lefar said it anticipated "modest growth for the balance of the year." Has a bad economy put more budget-conscious consumers into Vonage's pocket? We'll find out.

For more:
- Fox Business News post.
- VON looks at the numbers. Article

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