said by haroldo :

All subscription companies (cable, ISPs, satellite, etc.) make the same claim.
Comcast was public for years before turning a profit.
That shouldn't be an indicator of potential failure...only a convenient excuse for the Monday morning quaterbacks to say "...I told you so..."

said by SRFireside :

If you ask me this would be a time to buy. Now that the speculators, dead beats and other suckers are out of the game the stock is low. The first rule of purchasing stock is to buy low and less high. Vonage WILL make a profit in the future. Getting in at the ground floor (especially with the stock depreciating) means a good deal for those who really know how to play the market.

said by TKJunkMail :

When the IPO took place and the Vonage CEO had to admit publicly(because of SEC regs) that his company had no prospects of making a profit any time in the foreseeable future, it almost guaranteed the stock would drop in price.

But those customers who accepted the IPO price should have to pay for their allotted shares. It looks like Vonage is going to let them off the hook, but they could have forced them to pay up. Some of these people had no business getting involved in an IPO. They are not investors and probably thought they were getting some kind of free ride with a guaranteed profit.

said by JSRoman :

IMO low single digits by end of the year.