Vonage 2007 Annual Report Download - page 16

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14
I BELIEVE IN
OUR RESULTS.
“How would we describe the year ? In a word,
challenging. Despite the di culties we encoun-
tered, for the fi rst time, in the fourth quarter, we
generated positive adjusted operating income.
Reaching this milestone ahead of plan, and in a
turbulent year, is a signifi cant accomplishment
and refl ects our ability to grow while e ectively
managing costs.”
john rego
Vonage Chief Financial O cer
 may well be remembered as the year when
Vonage put its fi scal house in order Se ling four major
patent suits on manageable terms has freed us to
concentrate on optimizing the business going forward,
at a critical but very promising time We have built
great momentum The business has begun to generate
positive cash from operations, and in the last quarter
of  moved to the cusp of sustained profi tability in
terms of adjusted operating income
Our fundamentals are on track, our results show
great potential and our strong management team is
energized and making the right things happen