Sonus Networks was founded in 1997 and is headquartered in Westford, US

President and CEO

Sonus Networks has offices in Westford, Fremont, Englewood, Freehold and in 26 other locations

Westford, US (HQ)

4 Technology Park Dr

Ciudad De México, MX

229 Patriotismo

Xuhui Qu, CN

Tian Yao Qiao Lu

North Sydney, AU

100 Walker St

Singapore, SG

1 Fullerton Rd

Dubai, AE

3014 Al Shatha Tower

Sonus Networks's revenue was reported to be $53.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 53.4 m |

## Gross profit (Q1, 2017) | 33.7 m |

## Gross profit margin (Q1, 2017), % | 63% |

## Net income (Q1, 2017) | (10.6 m) |

## EBIT (Q1, 2017) | (10.8 m) |

## Market capitalization (25-Jul-2017) | 359.5 m |

## Cash (31-Mar-2017) | 31.9 m |

Sonus Networks's current market capitalization is $359.5 m.

- Source: Company Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 276.7 m | 296.3 m | 249 m | 252.6 m |

## Revenue growth, % | 9% | 7% | (16%) | 1% |

## Cost of goods sold | 59.2 m | 60.3 m | 50.5 m | 85 m |

## Gross profit | 217.5 m | 236 m | 198.6 m | 167.6 m |

## Gross profit Margin, % | 79% | 80% | 80% | 66% |

## Sales and marketing expense | 68.5 m | |||

## R&D expense | 72.8 m | |||

## General and administrative expense | 35.9 m | |||

## Operating expense total | 193.5 m | 210.7 m | 192.9 m | 181.2 m |

## EBIT | (21.1 m) | (17.3 m) | (31.2 m) | (13.6 m) |

## EBIT margin, % | (8%) | (6%) | (13%) | (5%) |

## Pre tax profit | (20.7 m) | (14.6 m) | (29.9 m) | (11.4 m) |

## Income tax expense | 1.5 m | 2.2 m | 2 m | (2.5 m) |

## Net Income | (22.1 m) | (16.9 m) | (31.9 m) | (13.9 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 75.6 m | 73.2 m | 50.1 m | 54.7 m | 67.9 m | 59.2 m | 60.9 m | 65 m | 53.4 m |

## Cost of goods sold | 28.3 m | 25.3 m | 20.9 m | 20.3 m | 22.2 m | 20.7 m | 20.6 m | 21.4 m | 19.6 m |

## Gross profit | 47.3 m | 47.9 m | 29.2 m | 34.4 m | 45.7 m | 38.4 m | 40.2 m | 43.6 m | 33.7 m |

## Gross profit Margin, % | 63% | 65% | 58% | 63% | 67% | 65% | 66% | 67% | 63% |

## Sales and marketing expense | 18.8 m | 20.4 m | 19.8 m | 17.5 m | 16.5 m | 16.6 m | 16.2 m | 18.1 m | 14.7 m |

## R&D expense | 20.9 m | 20.7 m | 19.3 m | 20 m | 19.3 m | 17.3 m | 17.5 m | 18.2 m | 20.2 m |

## General and administrative expense | 12 m | 10.9 m | 9.2 m | 10.4 m | 11.1 m | 8.4 m | 9.3 m | 9 m | 9 m |

## Operating expense total | 51.7 m | 51.9 m | 48.3 m | 48 m | 46.9 m | 42.3 m | 42.9 m | 45.3 m | 43.9 m |

## EBIT | (4.8 m) | (4.7 m) | (18.9 m) | (15 m) | (1.4 m) | (3.9 m) | (2.7 m) | (4.3 m) | (10.8 m) |

## EBIT margin, % | (6%) | (6%) | (38%) | (28%) | (2%) | (7%) | (4%) | (7%) | (20%) |

## Interest expense | (35 k) | (20 k) | 82 k | 217 k | |||||

## Interest income | (35 k) | (20 k) | 82 k | 217 k | |||||

## Pre tax profit | (4.8 m) | (4.7 m) | (18.8 m) | (15.1 m) | (1.1 m) | (3.6 m) | (2.5 m) | (3.3 m) | (10.5 m) |

## Income tax expense | (736 k) | (468 k) | (566 k) | (279 k) | (749 k) | (1 m) | (435 k) | (427 k) | (123 k) |

## Net Income | (9.5 m) | (14.7 m) | (19.4 m) | (34.7 m) | (36.6 m) | (4.7 m) | (7.6 m) | (11.3 m) | (10.6 m) |

- Source: Company Filings

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 125.3 m | 62.5 m | 105.5 m | 88 m | 72.4 m | 41.2 m | 50.1 m | 31.9 m |

## Accounts Receivable | 64.5 m | 62.9 m | 51.5 m | 53.9 m | ||||

## Inventories | 21.8 m | 22.1 m | 23.1 m | 18.3 m | ||||

## Current Assets | 313.3 m | 206.9 m | 195.1 m | 177.9 m | ||||

## PP&E | 19.1 m | 17.8 m | 13.6 m | 11.7 m | ||||

## Goodwill | 32.4 m | 39.3 m | 40.3 m | 49.4 m | ||||

## Total Assets | 417.5 m | 332.6 m | 312.9 m | 308.1 m | ||||

## Accounts Payable | 11.2 m | 7.5 m | 5.9 m | 6.5 m | ||||

## Current Liabilities | 89.4 m | 77.4 m | 77.4 m | 77.1 m | ||||

## Total Liabilities | 88.9 m | |||||||

## Additional Paid-in Capital | 1.3 b | 1.2 b | 1.2 b | 1.3 b | ||||

## Retained Earnings | (974.5 m) | (991.3 m) | (1 b) | (1 b) | ||||

## Total Equity | 312.3 m | 240.4 m | 223 m | 219.1 m | ||||

## Financial Leverage | 1.3 x | 1.4 x | 1.4 x | 1.4 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 61.3 m | 50.9 m | 18.1 m | 34.1 m | 44.8 m | 42.6 m | 36.3 m | 32.6 m | 31.9 m |

## Inventories | 23.5 m | 22 m | 25.1 m | 25.7 m | 24.2 m | 22.5 m | 20.7 m | 20.8 m | 17.7 m |

## Current Assets | 216.9 m | 209 m | 180.7 m | 191.5 m | 201.7 m | 169.8 m | 160.1 m | 160.6 m | 161.9 m |

## PP&E | 20.6 m | 18.9 m | 18.3 m | 15.5 m | 14.8 m | 12.7 m | 12.4 m | 13.1 m | 11 m |

## Goodwill | 39.2 m | 39.2 m | 40.3 m | 40.3 m | 40.3 m | 40.3 m | 40.3 m | 52.1 m | 49.9 m |

## Total Assets | 339.1 m | 339.2 m | 304 m | 295.4 m | 305.2 m | 297.9 m | 296.1 m | 309.9 m | 294.4 m |

## Accounts Payable | 10.4 m | 6.6 m | 5.3 m | 5.1 m | 5.2 m | 4.5 m | 4.3 m | 4.3 m | 6 m |

## Current Liabilities | 83 m | 82.6 m | 68.7 m | 70.2 m | 77.4 m | 63.9 m | 64.3 m | 66.2 m | 69.4 m |

## Additional Paid-in Capital | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.3 b |

## Retained Earnings | (983.9 m) | (989.2 m) | (1 b) | (1 b) | (1 b) | (1 b) | (1 b) | (1 b) | (1 b) |

## Total Equity | 240.5 m | 241.2 m | 221.2 m | 212.5 m | 215.5 m | 221.6 m | 220.1 m | 220.7 m | 212 m |

## Financial Leverage | 1.4 x | 1.4 x | 1.4 x | 1.4 x | 1.4 x | 1.3 x | 1.3 x | 1.4 x | 1.4 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (22.1 m) | (16.9 m) | (31.9 m) | (13.9 m) |

## Accounts Receivable | 3.5 m | 4.8 m | 11.4 m | (851 k) |

## Inventories | 4.2 m | 5.4 m | (1 m) | 4.9 m |

## Accounts Payable | (555 k) | (3.8 m) | (1.3 m) | (821 k) |

## Cash From Operating Activities | 34.1 m | 30 m | 19.9 m | 19.2 m |

## Purchases of PP&E | (6.9 m) | (9.5 m) | (7.8 m) | (4.6 m) |

## Cash From Investing Activities | 7.5 m | 24.3 m | (4.6 m) | (27.3 m) |

## Cash From Financing Activities | (56.5 m) | (85.1 m) | (6.2 m) | (9.9 m) |

## Interest Paid | 89 k | 89 k | 64 k | 41 k |

## Income Taxes Paid | 1.6 m | 2.2 m | 1.4 m | 1.2 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (9.5 m) | (14.7 m) | (19.4 m) | (34.7 m) | (36.6 m) | (4.7 m) | (7.6 m) | (11.3 m) | (10.6 m) |

## Accounts Receivable | 8.3 m | 9.2 m | 7.3 m | 14.2 m | 11.6 m | 17.3 m | 15 m | 9.3 m | |

## Inventories | 4.4 m | 5.9 m | (3 m) | (3.6 m) | (2.1 m) | (1.2 m) | 844 k | 2.8 m | 17.7 m |

## Accounts Payable | (620 k) | (4.3 m) | (2.1 m) | (2 m) | (2.3 m) | (1.6 m) | (1.7 m) | (2.9 m) | 6 m |

## Cash From Operating Activities | 20.3 m | 28.1 m | (17.5 m) | (14.3 m) | 1.7 m | 3.3 m | 9.2 m | 10 m | |

## Purchases of PP&E | (6.3 m) | (7.9 m) | (2.5 m) | (4.5 m) | (6.4 m) | (952 k) | (2.6 m) | (3.6 m) | |

## Cash From Investing Activities | 48 m | 30.2 m | (790 k) | 12.2 m | 6.4 m | (9.4 m) | (18.2 m) | (20.6 m) | |

## Cash From Financing Activities | (79.4 m) | (79.5 m) | (4.7 m) | (4.9 m) | (4.3 m) | (1.6 m) | (5.2 m) | (7.2 m) | |

## Interest Paid | 44 k | 45 k | 8 k | 30 k | 46 k | 9 k | 19 k | 27 k | |

## Income Taxes Paid | 1.1 m | 1.7 m | 151 k | 435 k | 833 k | 248 k | 596 k | 1 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 46.3 k |

## Financial Leverage | 1.4 x |

Sonus Networks's Patent Applications was reported to be 39 in FY, 2016, which is a 5% increase from the previous period. Sonus Networks's Backlog was reported to be $123 m in FY, 2016, which is a 8% increase from the previous period. Sonus Networks's Customers was reported to be 695 in Jun, 2017. Sonus Networks's New Customers was reported to be 160 in Q1, 2017

- Source: Company Filings

Source: 37 public H-1B filings from Sonus Networks