ShoreTel curbs loss, touts carrier adds

ShoreTel reported a slimmer GAAP net loss for it its fiscal fourth quarter and would have had a profitable quarter were it not for $2.2 million in stock-based compensation charges it incurred. The company reported fiscal fourth quarter revenues of $32.4 million and a GAAP net loss of $700,000. Revenues climbed 4 percent from fiscal Q3 2009, and the company's GAAP net loss narrowed from the $7.0 million loss in the previous fiscal quarter.

ShoreTel CEO John Combs said the revenue growth was a positive time for the company as it operates in "arguably the worst economy since the Great Depression." In the company's earnings call, he touted the addition of Qwest and Verizon to ShoreTel's distribution network as well as integration with IBM SameTime as positive indicators of future market success.

For the fiscal year 2009, ShoreTel said it added almost 3,000 enterprise customers, pushing its total end-user license sales to more than 1 million.

The company said fiscal first quarter 2010 revenues will be between $30 million and $35 million. It ended fiscal 2009 with $108 million in cash and cash equivalents. 

For more:
- see the press release here
- see the earnings call transcript at Seeking Alpha here 

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