Sonus reports loss

Sonus Networks reported fourth quarter revenues of $38.9 million and a net loss of $13.4 million. For the full fiscal year 2001, the softswitch vendor reported revenues of $173.2 million and an adjusted net loss of $17.8 million or $0.10 cents per share.

Fourth quarter revenues were up 36% from the $28.6 million the company reported in the same period last year. Sonus’ actual net loss included an adjustment of a previous write-off of goodwill and purchased intangibles, amortization of goodwill and purchased intangibles, and stock-based compensation.

Sonus, which had early in its life banked on the emerging CLEC market, said four customers--Qwest, Fusion, Global Crossing and Bellsouth, accounted for more than 60% of its revenue. Most of those carriers are using Sonus’ platform for trunking applications, said Hassan Ahmed, president and CEO. However, the company also has several carriers trialing its softswitch on the access side, he said. Through this year, the company anticipates growth from both traditional and non-incumbent players.

“The one thing we do expect to see in ‘02 is further adoption decisions by RBOCs and incumbent IXCs,” said Ahmed. “We also see a shift toward alternative carriers like wireless and cable providers and those outside the U.S.”