The Hand-carried Ultrasound Category Created By Sonosite Reaches Another Milestone In Just Over Three Years
BOTHELL, WA, February 3, 2003 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, announced today that the 10,000th Sonosite system has been delivered. This milestone has been met just 39 months after the company shipped its first 5.4 pound, all-digital, hand-carried ultrasound - the Sonosite 180 system.
Sonosite's 10,000th system, the Sonosite 180PLUS, was delivered to Vanderbilt University Medical Center in Nashville, Tennessee for use in the Intensive Care Unit (ICU). Currently, Vanderbilt has five Sonosite hand-carried ultrasound systems throughout its health care facility, specifically in the interventional radiology, radiology, emergency medicine, and ICU departments.… [Read more]
Conference Call Accessible Via Live WebcastBOTHELL, WA, April 16, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high-performance, hand-carried ultrasound, today announced that the Company will report its first quarter financial results on Thursday, April 29, 2004 at the close of market and hold a conference call at 1:30 pm PDT/4:30 pm EDT to discuss its first quarter performance, outlook for 2004 and current corporate developments. The call will be broadcast live and can be accessed via the "Investors" Section of Sonosite's website at www.sonosite.com. A replay of the audio webcast will be available beginning April 29, 2004, 4:30 pm (PDT) until May 10, 2004, 12:00 midnight (PDT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 398334 is required to access the replay. The call will be also archived on Sonosite's website at http://ir.sonosite.com/. About Sonosite… [Read more]
A new dimension of diagnostic information: Strain analysis feature of Vevo® 2100 high-frequency ultrasound system enables highly sensitive and rapid measurement of global (whole heart) and regional (specific heart areas) cardiac function.
TORONTO, Canada - April 14, 2011 - VisualSonics Inc., a leader in real time, in vivo, high-resolution micro-imaging systems and a wholly-owned subsidiary of Sonosite Inc., announced today that its VevoStrain™ technology has been featured on the cover of the April 15, 2011 issue of Circulation Research, Journal of the American Heart Association.… [Read more]
First-ever, All-digital Three-pound Ultrasound Tools Win The "Best of What's New" Award and Continue To Drive The "Visual Medicine" Trend
BOTHELL, WA, November 8, 2002 - Popular Science today recognized iLook, the world's smallest ultrasound series, as one of its top 10 medical technology advances for 2002 in its "Best of What's New" December 2002 issue. iLook is the world's first-ever, all-digital three-pound ultrasound tool and was recently launched by Sonosite, the creator and leader of the hand-carried ultrasound market.… [Read more]
Company Achieves Full Year Profitability Prior to Tax Benefit International Sales Up 52% and U.S. Sales Up 24% in the Fourth Quarter Conference Call Today at 1:30 pm PST/4:30 pm EST BOTHELL, WA, February 15, 2005 €“ Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today reported record financial results for the quarter and year ended December 31, 2004. Worldwide revenue in the fourth quarter of 2004 grew 36% to $37.1 million compared with $27.3 million in the fourth quarter of 2003. For the full year of 2004, the Company's total revenue grew 37% to $115.8 million compared with $84.8 million in the prior year. Year-over-year, changes in foreign currency rates increased the revenue growth rate by three percentage points for the fourth quarter and for the year.
In the fourth quarter of 2004, Sonosite achieved pre-tax income of approximately $3.5 million. In the fourth quarter of 2004, the Company recorded a one-time, non-cash tax benefit resulting from the reversal of the valuation allowance for US deferred taxes. Including the total tax benefit of $19.5 million, or $1.21 per diluted share, Sonosite reported net income in the fourth quarter of $23.0 million, or $1.42 per diluted share, compared with net income of approximately $2.2 million, or $0.15 per diluted share, in the fourth quarter of 2003.… [Read more]
Upgrade includes new transducers for pediatric cardiology and CW Doppler
DALLAS - November 13, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, announced today the addition of new cardiology transducers and other imaging enhancements for its recently introduced, third generation product, the MicroMaxx' system. Existing MicroMaxx systems are compatible with the new capabilities. The company made the announcement at the 2005 American Heart Association (AHA) Scientific Sessions in Dallas. The MicroMaxx system, the size of a notebook and weighing less than eight pounds, delivers image resolution and performance comparable to costly, conventional cart-based ultrasound systems weighing over 200 pounds.… [Read more]
Palo Alto, Calif. - November 10, 2005 - Palo Alto, Calif. - November 10, 2005 - Frost & Sullivan selected Sonosite, Inc. as the recipient of the 2005 Medical Imaging Fastest Growing Company of the Year Award for its success in the U.S. medical imaging markets in 2004. Sonosite (Nasdaq:SONO) has received this Award for generating the highest percentage revenue growth while operating at a profit in the imaging market with more than 35 competing public companies. Each year Frost & Sullivan presents this Award to a company that has exhibited the highest percentage revenue growth in the market while maintaining profitability.
The Award signifies the company's commitment to developing and marketing technologically advanced products in the market being studied. Additionally, the Award highlights the key attributes of the company that were instrumental to its success. In 2004, Sonosite increased its revenue by 36.6 percent and is recognized in the financial community as one of the fastest growing technology companies in the United States with high sustained revenue growth over the five-year period from 2000 to 2004.… [Read more]
BOTHELL, WA - October 5, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth during a five-year span from 2000-2004. \
\"Since its inception in 1998, Sonosite has been the leader in designing, manufacturing and marketing hand-carried ultrasound systems for medical specialists across the clinical spectrum," said Kevin M.Goodwin, Sonosite President and CEO. "Our portfolio of hand-carried ultrasound systems provides medical professionals with the high-quality image they need to deliver rapid and appropriate care wherever the patient may be.
"Our newest product, the MicroMaxx system, represents the crossover point between hand-carried and cart based ultrasound systems. Its unique microchip technology, small footprint, high image quality and ruggedness together represent the spirit of creativity and innovation at Sonosite that I believe has driven our growth and earned the company its place on the Deloitte Fast 50."… [Read more]
Northwest Medical Device & Biotechnology Forum and UBS Global Life Sciences Conference BOTHELL, WA - September 14, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, today announced that Mike Schuh, Chief Financial Officer, and Anne Bugge, Vice President of Corporate Affairs, will present at the Northwest Medical Device & Biotechnology Investor Forum at 10:00 a.m.
(ET) on Tuesday, September 20, 2005 at the Harvard Club of New York City. The forum is hosted by Delafield Hambrecht and WBBA. Sonosite also announced that Kevin M. Goodwin, President and CEO, will present at the 2005 UBS Global Life Sciences Conference at 12:30 p.m. (ET) on Wednesday, September 28 at the Grand Hyatt Hotel in New York City. Investors can access an audio-webcast of Mr. Goodwin's presentation on Sonosite's website. The webcast will be available beginning September 28, 2005, until 3:30 p.m. (ET) October 29, 2005.
About Sonosite
Headquartered near Seattle, Washington, Sonosite (www.sonosite.com) is represented by seven subsidiaries and a global distribution network in over 75 countries. Sonosite's small, lightweight systems are expanding the use of ultrasound across the clinical spectrum by cost-effectively bringing high performance ultrasound to the point of patient care. The company employs approximately 450 people worldwide.… [Read more]
Presentation to be webcast BOTHELL, WA - November 2, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, today announced that Kevin M. Goodwin, President and CEO, will present at the 2005 RBC Dain Rauscher Northwest Investor Conference.
The conference will be held in Seattle at the Bell Harbor International Conference Center on Wednesday, November 9, 2005. Mr. Goodwin will present at 9:55 a.m. Investors can access an audio-webcast of Mr. Goodwin's presentation on Sonosite's website http://www.sonosite.com/webcast.html. The webcast will be available beginning November 9, 2005, until 3:30 p.m. (ET) December 10, 2005.
About Sonosite
Sonosite, Inc. (www.sonosite.com) is the innovator and world leader in hand-carried ultrasound, with an installed base of more than 20,000 systems. The company, headquartered near Seattle, Washington, is represented by eight subsidiaries and a global distribution network in over 75 countries. Approximately half of the company's revenues are generated from international markets. Sonosite's small, lightweight systems are expanding the use of ultrasound across the clinical spectrum by cost-effectively bringing high performance ultrasound to the point of patient care. The company employs 470 people worldwide. … [Read more]
Ultrasound study to assess Carotid Intima Media Thickness in an office setting 525 patients to be enrolled at seven medical centers DALLAS - November 13, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, announced today at the 2005 American Heart Association (AHA) Scientific Sessions that it is initiating a multi-center study to determine whether the addition of an ultrasound examination evaluating carotid artery wall thickness (CIMT), performed in the office setting, will provide a more effective tool for risk assessment and prevention of cardiovascular disease than current clinical methods alone.
Over 20 years of clinical research has shown that the thickness (T) of the two innermost layers of the carotid artery wall, the intima (I) and media (M), begins to increase before plaque is evident within the vessel. This increased wall thickness is associated with an increased risk of cardiovascular disease, the leading cause of mortality and disability in the United States today.
"IMT addresses the need to identify those patients who are asymptomatic or have limited risk factors, such as moderately elevated cholesterol levels, who may be at greater than apparent risk for a cardiovascular event," explains James H. Stein, MD, Associate Professor, University of Wisconsin Medical School. Dr. Stein is the Director of the University of Wisconsin Atherosclerosis Imaging Research Program and principal investigator of the study.… [Read more]
Accomplished Ultrasound Executive Brings 30 years of Industry Experience Bothell, WA - November 17, 2005, Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced the appointment of Dieter Schwartmann as Vice President of Europe and Acting Manager of Sonosite GmbH, the company's wholly-owned German subsidiary, effective December 1, 2005. Mr. Schwartmann brings 30 years of experience in the medical ultrasound and technology industry including serving as Vice President of Europe for ATL Ultrasound, Inc., now part of Philips Medical Systems. Under his leadership, sales for ATL Europe doubled in the period between 1995-2000.
From April of 2001 until May of 2004, Mr. Schwartmann was Vice President of the ultrasound business line of Philips Medical Systems with responsibility for Europe, the Middle East and Africa. He also served as a member of the Steering Committee overseeing the integration of Philips Medical Systems' acquisition of ATL Ultrasound and Agilent Technologies Healthcare Solutions Group Imaging Systems. Mr. Schwartmann joined ATL Ultrasound in 1990 as a Country Manager responsible for Germany, Eastern Europe and Russia. Most recently, Mr. Schwartmann was Vice President and board member of Aloka Holding Europe AG, a leading Japanese ultrasound manufacturer and distributor.… [Read more]
Dr. Michael Lambert Receives Educator of the Year Award BOTHELL, WA - March 20, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that Dr. Michael Lambert, who provides ultrasound education programs to Sonosite customers, has been recognized by the American Academy of Emergency Medicine (AAEM) for his outstanding commitment to ultrasound education for emergency physicians. The AAEM granted Dr. Lambert the 2006 Joe Lex Educator of the Year Award at its 12th Annual Scientific Assembly in February. Dr. Lambert trains physicians to utilize hand-carried ultrasound in the emergency department, improving the diagnosis and treatment of life and limb threatening conditions at the bedside.… [Read more]
Pre-tax income increases 114% for full year; Q4 EPS of $0.32 MicroMaxx system rises to 40% of worldwide revenue in fourth quarter BOTHELL, WA - February 15, 2006 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced record operating results for the fourth quarter and full year ended December 31, 2005. Worldwide revenue in the fourth quarter of 2005 grew 22% to $45.2 million compared with $37.1 million in the fourth quarter of 2004. For the full year of 2005, the company's total revenue grew 27% to $147.5 million compared with $115.8 million for the prior year.
Changes in the foreign currency rates decreased the revenue growth rate by approximately 3% in the fourth quarter and 1% for the full year. In the fourth quarter of 2005, pre-tax income rose 96% to $6.9 million compared with $3.5 million in the fourth quarter of 2004. The company reported net income for the fourth quarter of 2005 of $5.3 million, or $0.32 per diluted share. This compares with fourth quarter 2004 adjusted net income of $2.2 million, or $0.14 per diluted share. This comparison excludes a one-time, non-cash tax benefit in 2004 attributable to the reversal of the $20.8 million valuation allowance for US deferred taxes.… [Read more]
Former senior partner at Deloitte and Touche brings 33 years of corporate financial expertise
BOTHELL, WA - February 7, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced the appointment of Paul V. Haack, 55, to its Board of Directors and the Board's Audit Committee. Mr. Haack recently retired from Deloitte and Touche as a senior partner, after practicing as a CPA with the firm since 1972. During that time, he held positions of increasing responsibility, most recently as the lead partner on the United Airlines and Boeing accounts in Deloitte's Chicago office.
He also served as lead partner for Boeing during his 28 years in Deloitte's Seattle office. During his career, he was the lead technical partner in Deloitte's Northwest and Milwaukee Practices. "Paul brings a wealth of public company accounting experience to our Board," said Kevin M. Goodwin, Sonosite President and CEO.… [Read more]
BOTHELL, WA - December 8, 2005 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today said it has signed an agreement with Medtronic Navigation as a non-exclusive distributor for sales and distribution of its ultrasound systems in conjunction with Medtronic Navigation's SonoNav Intra-operative Imaging System used to guide neurosurgery.
The agreement covers distribution of Sonosite systems in the U.S., Canada and thirteen countries in Europe and the Middle East. Ultrasound offers neurosurgeons the benefit of real-time visualization to complement traditional cranial stereotactic systems, which utilize preoperative computed tomography (CT) or magnetic resonance imaging (MRI) data sets to guide surgery. By coupling Sonosite systems to provide real-time intra-operative ultrasound images in correlation with the pre-operative CT or MRI images, the surgeon is able to better monitor and compensate for the movement of the brain caused by tissue removal, edema, etc. as surgery progresses.… [Read more]
Live Webcast Available BOTHELL, WA - January 5, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced that it will present at the 24th Annual J.P. Morgan Healthcare Conference at the Westin St. Francis in San Francisco on Wednesday, January 11, 2006 at 4:30 pm (PT). A link to the audio-only webcast will be available at http://ir.sonosite.com, beginning Wednesday, January 11, 2006 at 4:30 pm (PT) and ending April 11, 2006.
About Sonosite
Sonosite, Inc. (www.sonosite.com) is the innovator and world leader in hand-carried ultrasound, with an installed base of more than 25,000 systems. The company, headquartered near Seattle, is represented by eight subsidiaries and a global distribution network in over 75 countries. Sonosite's small, lightweight systems are expanding the use of ultrasound across the clinical spectrum by cost-effectively bringing high performance ultrasound to the point of patient care. The company employs approximately 470 people worldwide.… [Read more]