ShoreTel

ShoreTel provides businesses worldwide with communications solutions that make interactions simple. The Company's flexible communications solutions for on-premises, cloud, and hybrid environments eliminate complexity, reduce costs and improve productivity. ShoreTel’s innovative business phones, application integration, collaboration tools, mobility, and contact center applications enable users to communicate and collaborate no matter the time, place or device, with minimal demand on IT resources.

Type
Subsidiary
Parent Company
Mitel Networks
HQ
Sunnyvale, US
Founded
1996
ShoreTel was founded in 1996 and is headquartered in Sunnyvale, US

ShoreTel Office Locations

ShoreTel has offices in Sunnyvale, Austin, Milwaukee, New York and in 13 other locations
Sunnyvale, US (HQ)
960 Stewart Dr
Singapore, SG
8 Temasek Boulevard #41-03 Suntec Tower 3
Manila, PH
Unit 10A, 5th Ave. cor. 26th St, E-Square, Crescent Park West, Bonifacio Global City, Taguig 1634
Bengaluru, IN
100 Feet Rd
Alcobendas, ES
Sepulveda, 17 – edificio data 28108 Alcobendas, MADRID
München, DE
3 Prielmayerstraße
Show all (17)

ShoreTel Data and Metrics

ShoreTel Summary

Founding Date

1996

Total Funding

$13.5 m

Investors

In total, ShoreTel had raised $13.5 m. ShoreTel is a subsidiary of Mitel Networks

ShoreTel Financial Metrics

ShoreTel's revenue was reported to be $87.7 m in Q3, 2017
USDFY, 2014FY, 2015FY, 2016

Revenue

339.8 m360.7 m360.3 m

Revenue growth, %

6%(0%)

Cost of goods sold

137.9 m142 m132.5 m

Gross profit

201.9 m218.7 m227.8 m

Gross profit Margin, %

59%61%63%

Sales and marketing expense

111 m118.9 m126.1 m

R&D expense

49.8 m53.4 m60.5 m

General and administrative expense

40.4 m39.8 m41.8 m

Operating expense total

201.1 m220.5 m230 m

EBIT

830 k(1.9 m)(2.1 m)

EBIT margin, %

0%(1%)(1%)

Interest expense

(643 k)(531 k)(469 k)

Income tax expense

586 k961 k560 k

Net Income

(1 m)(4.3 m)(4.8 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

90.4 m90.9 m85 m90.2 m90.4 m85.2 m86.3 m88 m87.7 m

Cost of goods sold

36.7 m35.6 m35.1 m32.1 m32.5 m32.8 m32 m32.5 m31.5 m

Gross profit

53.8 m55.3 m49.9 m58 m57.9 m52.4 m54.3 m55.5 m56.2 m

Gross profit Margin, %

59%61%59%64%64%62%63%63%64%

Sales and marketing expense

29 m29.3 m29.2 m30.8 m30.3 m32.5 m32.5 m30.6 m31.6 m

R&D expense

13.7 m13.3 m13.6 m13.8 m13.8 m16.5 m16.7 m16.1 m17.1 m

General and administrative expense

10 m10.6 m9.3 m10.1 m9.7 m11.3 m10.5 m11.1 m11.1 m

Operating expense total

52.7 m53.1 m52.1 m54.8 m53.8 m60.3 m59.6 m57.8 m59.8 m

EBIT

1.1 m(6.3 m)(2.2 m)3.2 m3.6 m(8.7 m)(5.3 m)(2.4 m)(3.6 m)

EBIT margin, %

1%(7%)(3%)4%4%(10%)(6%)(3%)(4%)

Interest expense

(152 k)(107 k)(130 k)(124 k)(115 k)(114 k)(117 k)(111 k)(115 k)

Pre tax profit

2.5 m

Income tax expense

403 k363 k(273 k)124 k235 k159 k

Net Income

366 k(6.8 m)(2.6 m)2.1 m2.5 m(8.7 m)(5.6 m)(2.9 m)(2.9 m)
USDFY, 2014FY, 2015FY, 2016

Cash

53.5 m82.2 m61.7 m

Accounts Receivable

13.3 m

Inventories

26.5 m15.1 m12.5 m

Current Assets

130 m153.4 m167 m

Goodwill

122.8 m122.8 m129.4 m

Total Assets

304 m322.5 m342.3 m

Accounts Payable

17 m16.5 m14.9 m

Current Liabilities

106 m110.7 m114.9 m

Total Liabilities

139.6 m

Retained Earnings

(167.2 m)(171.5 m)(176.4 m)

Total Equity

177.4 m190.2 m202.7 m

Financial Leverage

1.7 x1.7 x1.7 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

57.3 m67.4 m76.2 m96.5 m96.9 m86.8 m54.3 m54.4 m56.7 m

Inventories

24.2 m19.4 m16.9 m13.5 m14.4 m15.5 m15.5 m15.8 m14 m

Current Assets

131 m139.8 m137.4 m159.3 m163.3 m156 m158.6 m156.4 m158.8 m

PP&E

19.8 m19 m21.3 m21.1 m20.8 m20.6 m

Goodwill

122.8 m122.8 m122.8 m122.8 m128 m129.4 m129.4 m129.4 m129.4 m

Total Assets

302.6 m310.8 m306.8 m326.4 m335.1 m333.2 m331.5 m327 m328.1 m

Accounts Payable

12.8 m14.7 m13.4 m14.2 m13.3 m14.2 m16.1 m14.8 m15.9 m

Current Liabilities

102.2 m110.3 m105 m109.1 m104.7 m108 m107.2 m103.8 m104.9 m

Retained Earnings

(166.8 m)(173.6 m)(176.2 m)(169.3 m)(166.9 m)(175.6 m)(182 m)(184.9 m)(187.8 m)

Total Equity

179.8 m179.7 m180.7 m195.1 m205 m200.1 m200.1 m199.3 m199.1 m

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.6 x1.7 x1.7 x1.6 x1.6 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(1 m)(4.3 m)(4.8 m)

Depreciation and Amortization

18.3 m19.1 m20.5 m

Accounts Receivable

3.2 m(2.9 m)3.7 m

Inventories

(7.5 m)11.4 m2.9 m

Accounts Payable

6.2 m(795 k)(701 k)

Cash From Operating Activities

35.9 m41.1 m35.1 m

Purchases of PP&E

(11.7 m)(11.4 m)(10.8 m)

Cash From Investing Activities

(7 m)(19.5 m)(63.7 m)

Cash From Financing Activities

(19.2 m)7 m8.2 m

Interest Paid

462 k298 k26 k

Income Taxes Paid

894 k885 k1.2 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

366 k(6.8 m)(2.6 m)2.1 m2.5 m(8.7 m)(5.6 m)(2.9 m)(2.9 m)

Inventories

24.2 m19.4 m16.9 m13.5 m14.4 m15.5 m15.5 m15.8 m14 m

Accounts Payable

12.8 m14.7 m13.4 m14.2 m13.3 m14.2 m16.1 m14.8 m15.9 m

ShoreTel Operating Metrics

Q3, 2014Q4, 2014FY, 2014Q1, 2014Q2, 2014Q3, 2015Q4, 2015FY, 2015Q1, 2015Q2, 2015Q3, 2016Q4, 2016FY, 2016Q1, 2016Q2, 2016Q3, 2017

Annual Recurring Revenue Run Rate

$146.4 m$154.4 m$160.1 m$165.9 m$172.9 m$178.6 m$183.8 m$188.9 m$198 m$203 m$211 m$216 m$223 m

Average Monthly Recurring Revenue Per Customer

$2.05 k$2.43 k$2.39 k$2.36 k$2.37 k$2.37 k$2.35 k$2.24 k$2.21 k$2.14 k$2.08 k$2 k$1.99 k

ARPU

$54$55$53$52$53$54$53$52$52$51$50$48$48

Average Number of Seats per Customer

44454545444444444342424141

Resellers

1.1 k1 k1.2 k

Enterprise Customers

35 k39 k40 k

Countries

505050

Patents Issued

98116136

Patent Applications

544641

    ShoreTel Revenue Breakdown

    ShoreTel Median Salaries

    Source: 81 public H-1B filings from ShoreTel

    Traffic Overview of ShoreTel

    ShoreTel Online and Social Media Presence

    ShoreTel Company Life and Culture

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