Company Reports Per-Share Profit of $0.06 for Fourth Quarter 2002; 2002 Worldwide Revenues Total $73.0 Million, Revenue Growth of 64% vs. Fourth Quarter 2001 and 60% Year Over YearBOTHELL, WA, February 13, 2003 - Sonosite, Inc. (Nasdaq: SONO), the creator of the hand-carried ultrasound market, today released financial results for the fourth quarter and full year ended December 31, 2002. For the quarter, Sonosite reported revenues of $25.1 million compared to $15.3 million for the fourth quarter of 2001. For 2002, Sonosite reported revenues of $73.0 million compared to $45.7 million in 2001.Sonosite reported a net profit of $869,000, or $0.06 per share, for the quarter compared to a net loss of $2.4 million, or $0.21 per share, for the comparable quarter in the prior year. Gross margins increased for the eighth consecutive quarter to 60.3 percent, compared to 57.6 percent in the fourth quarter of 2001. For the year, the net loss decreased to $7.7 million, or $0.59 per share, compared to a net loss of $16.4 million, or $1.59 per share, for 2001. As of December 31, 2002, cash, cash equivalents and investment securities totaled $65.8 million.… [Read more]
Live Presentation Available Via Audio-WebcastBOTHELL, WA, March 19, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that Kevin Goodwin, president and chief executive officer of Sonosite, will present at the Invest Northwest 2004 Conference at 11:40 a.m. (PST) on Tuesday, 23 March 2004 at the Bell Harbor Conference Center in Seattle. Interested investors can listen to a live audio-webcast at http://www.wallstreetwebcasting.com/webcast/in2/sono. The audiocast will be archived on the site until Sunday, 23 May 2004 at 8:00 p.m. (PST).About SonositeSonosite, 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 netwok 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]
Fully Featured Hand-Carried Ultrasound System ProvidesComplete Capabilities for Echo Studies;New Capabilities Address $460 Million International Shared Services MarketNEW ORLEANS, March 8, 2004 - Sonosite, Inc. (Nasdaq: SONO), the worldwide leader in high-performance, hand-carried ultrasound, today announced at the American College of Cardiology ACC 53rd Annual Scientific Session that it is adding cardiology capabilities to the TITAN system, the company's newest generation, high-resolution, hand-carried system that enables ultrasound to be available quickly wherever and whenever it is needed. Customer deliveries are scheduled for mid-June; current customers will be able to upgrade to the enhanced TITAN system capabilities. Sonosite will be introducing these new TITAN capabilities in Booth #344 during ACC in New Orleans from March 7-10.… [Read more]
Live Presentation Available Via Audio-WebcastBOTHELL, WA, March 2, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that Mike Schuh, chief financial officer of Sonosite, will present at the Robins Group Small-Cap Conference at 09:15 a.m. (PST) on Thursday, March 4, 2004 at the Omni San Francisco Hotel. Interested investors can hear a live audio-webcast at http://www.veracast.com/webcasts/robins. The audiocast will be archived on the site until Monday, 5 April 2004 at 5:00 p.m. (PST). About SonositeSonosite, 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 netwok 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]
New Features include Advanced Analysis and Calculations Package for Obstetricians, Gynecologists and Fertility SpecialistsUpgrade Available to TITAN Installed Base via CompactFlash CardCustomer Shipments to Begin this WeekPHILADELPHIA, May 3, 2004 - (Nasdaq: SONO), the worldwide leader in high-performance, hand-carried ultrasound, today announced at the 52nd Annual Meeting of the American College of Obstetricians and Gynecologists (ACOG) that it is adding expanded OB/Gyn calculations and measurement capabilities on TITAN, the company's newest generation, hand-carried system. Sonosite will begin shipments of the new capabilities this week and customers can easily upgrade their existing TITAN systems via a CompactFlash card. Sonosite will be introducing these new capabilities in Booth #865 during the ACOG meeting in Philadelphia from May 3 - 5, 2004. "OB/Gyn physicians have been anchor market adopters of Sonosite's technology since we introduced the first hand-carried ultrasound systems," said Kevin M. Goodwin, Sonosite president and CEO. "Their input has been critical as we developed TITAN and this latest upgrade to address their needs for a high-performance system that was robust enough to travel with them from patient to patient." … [Read more]
BOTHELL, WA, May 15, 2003 - Sonosite, Inc. (Nasdaq: SONO), a leader in point-of-care ultrasound, today announced the resignation of Ernest Mario, Ph.D., from Sonosite's board of directors. Dr. Mario, who has served on the board since December 1999, plans to focus his time and energy on his recent appointment as chairman and chief executive officer of Reliant Pharmaceuticals, a privately held pharmaceutical company located in New Jersey."Dr. Mario has been a trusted advisor and highly respected member of our board," said Kirby L. Cramer, Sonosite's chairman of the board. "We thank him for his service and leadership, and wish him well.""Ernie has contributed to Sonosite's development since 1997, before our spin off from ATL Ultrasound, while he was a board member for ATL," said Kevin M. Goodwin, president and CEO. "With Ernie's departure we now have eight board members, and we have no immediate plans to fill the position." Under Sonosite's bylaws, the board can elect a director to fill a vacancy resulting from a resignation."It has been a pleasure to be involved with Sonosite's development, and I believe the Company has a solid, long-term future as its technology and business model continue to evolve," said Dr. Mario.About Sonosite… [Read more]
Live Presentation Available Via Audio-WebcastBOTHELL, WA, September 15, 2003 - Sonosite, Inc. (Nasdaq: SONO), a leader in the point-of-care ultrasound market, today announced that Kevin Goodwin, president and CEO of Sonosite, will present at the UBS Warburg Global Conference at 08:30 a.m. (EDT) on Thursday, September 25, 2003 at the Plaza Hotel, New York City. Interested investors can hear a live audio-webcast at http://www.ubswarburg.com. The audiocast will be archived on the site until October 25, 2003.About SonositeSonosite, 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 netwok 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]
Introducing Maximum Modular Imaging, a New Ultrasound Platform Based on Advanced ASIC Technology
BOTHELL, WA, April 9, 2003 - Sonosite, Inc. (NASDAQ: SONO), the leader in point of care ultrasound, today announced the introduction of its new TITAN high-resolution modular ultrasound system. The TITAN system provides health care professionals with state of the art, high-resolution imaging wherever needed for responsive, more rapid patient care. The TITAN system's modular design includes three major benefits: stationary and mobile usage; point-of-care connectivity; and a flexible, cost-effective path that enables users to acquire new components and software applications. This new ultrasound modularity is based on the next generation of Sonosite's proprietary ASIC (Application Specific Integrated Circuit) technology.… [Read more]
Sonosite ranked fourth on 2003 "Fast Technology 50" list in Washington StateBOTHELL, WA, September 25, 2003 - Sonosite, Inc. (Nasdaq: SONO), a leading point-of-care ultrasound company, today announced that the company has been named a 2003 "Fast Technology 50" company in Washington State by the accounting firm of Deloitte & Touche. The company also announced the hiring of three new executives to support Sonosite's worldwide growth. These announcements were made in conjunction with President and CEO Kevin Goodwin's presentation at the UBS Global Life Sciences Conference in New York City."Sonosite is recognized worldwide for its leadership in point-of-care ultrasound applications, with more than 12,000 systems in use in hospitals, doctors" offices and other healthcare environments, such as in the military," Goodwin said. "Our exponential growth can be attributed to the tremendous market need for and interest in mobile, hand-carried ultrasound systems. We anticipate sustaining growth by removing barriers to the use of ultrasound across the healthcare continuum and putting in place key people with the experience to drive our business forward."… [Read more]
Presentations to be WebcastBOTHELL, WA, November 7, 2003 - Sonosite, Inc. (Nasdaq: SONO) a leader in the point-of-care ultrasound market, announced today that Kevin Goodwin, president and CEO, will present at the RBC Dain Rauscher Premier Client Investor Conference in Seattle and the Robins Group Small Cap Round-up Conference in Portland, Oregon in November.The RBC Dain Rauscher Conference will be held on November 11, 2003 at the Seattle Sheraton Hotel and Towers. Mr. Goodwin will present at 8:00 am PST. Interested investors can listen to the presentation live via webcast at http://www.RBCDain.com. The presentation will be archived on the site until December 11, 2003.The Robins Group Small Cap Round-up Conference will be held on November 12, 2003 at The Embassy Suites Hotel (Southwest Pine Street) in Portland, Oregon. Mr. Goodwin will present at 8:30 am PST. Interested investors can listen to the presentation live via webcast at http://www.veracast.com/webcasts/robins/small-cap-roundup03/33103169.cfm. The presentation will be archived on the site until December 12, 2003.… [Read more]
Vascular imaging and connectivity highlighted; expanded features available mid-December… [Read more]
Live Presentation Available Via Audio-Webcast
BOTHELL, WA, April 29, 2003 - Sonosite, Inc. (Nasdaq: SONO), the leader in point-of-care ultrasound, today announced that Kevin M. Goodwin, president and CEO of Sonosite, will present at the Deutsche Bank Health Care Conference at 9 a.m. (EDT) on Tuesday, May 6, 2003, at the Marriott Baltimore Waterfront Hotel in Baltimore, MD. Interested investors can listen to a live audio-webcast at http://www.visualwebcaster.com/event.asp?id=14061. A replay of the audiocast will be archived on the website for 90 days.
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 netwok 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]
Third Quarter Per Share Loss Reduced to $0.01 from loss of $0.17 in 2002 BOTHELL, WA, October 30, 2003 - Sonosite, Inc. (Nasdaq: SONO), a leading point-of-care ultrasound company, today announced increased revenue and gross margins as well as a reduced loss for the third quarter and nine months ended September 30, 2003.As the Company previously projected in a news release issued on October 13, 2003, Sonosite reported third quarter revenue of $20.2 million, an increase of 10 percent, compared with $18.5 million for the third quarter of 2002. For the nine months of 2003, revenue grew 20 percent to $57.5 million compared with $47.9 million for the same period in the prior year.The Company reported a net loss of $0.2 million, or $0.01 per share, versus a net loss of $2.4 million, or $0.17 per share, for the third quarter of 2002. Earnings per share results were modestly better than projected due to a favorable foreign exchange rate gain. For the nine months, the Company's loss narrowed to $4.0 million, or $0.28 per share, versus a loss of $8.6 million, or $0.68 per share for the same period a year earlier. As of September 30, 2003, cash, cash equivalents and investments totaled $61.6 million.… [Read more]
BOTHELL, WASH., January 21, 2005 €“ Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that it will present at the Piper Jaffray Health Care Conference at The Pierre in New York on Wednesday, January 26, 2005 at 10:00 am (EST). The presentation will include a review of the company's business strategy and historical financial results.A live audio-only webcast of the presentation will be broadcast via the Internet. Those interested in listening to the webcast will find a link to the webcast registration page on Sonosite's website at http://www.sonosite.com/. An archived replay of the presentation will also be available approximately one hour following the live presentation and will be available for 30 days.About Sonosite… [Read more]
TITAN Cardiac Features Bring Full Echo Capabilities to Point Of Care
ACC Sessions Address Growing Importance of IMT
ORLANDO - March 4, 2005 €“ Sonosite, Inc. (Nasdaq: SONO), the world leader in hand carried ultrasound, today announced that the Company will highlight the cardiac capabilities of its high performance TITAN ultrasound system, including the new SonoCalc„¢ IMT (Intima Media Thickness) software for assessment of cardiovascular risk, at the 54th Annual Scientific Session of the American College of Cardiology (ACC) being held from March 6 - 9, 2005.
"For the first time, IMT capability is now offered on a hand-carried ultrasound system, making it easily affordable and accessible in the physician's office," said Kevin M. Goodwin, Sonosite President and CEO. "IMT has long been recognized by the cardiac research community as an effective indicator of heart disease, particularly in people who are otherwise asymptomatic. The numerous scientific sessions on IMT at this ACC indicate a growing interest in moving this technique from research to everyday clinical diagnostic use."
Sonosite is offering a demonstration of its SonoCalc IMT software in booth #3563 at the ACC Scientific Sessions.
Sonosite is also showcasing the recent expansion of capabilities on its high performance TITAN system for the shared service and dedicated echocardiography markets.… [Read more]
BOTHELL, WA - May 24, 2005 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced that it will present at the Pacific Growth Equities Life Sciences Growth Conference at the InterContinental Mark Hopkins Hotel in San Francisco, Tuesday, June 7th, 2005 at 09:00 am (PDT). The presentation will include a review of the company's business strategy and historical financial results.A live audio-only webcast of the presentation will be broadcast via the Internet. Those interested in listening to the webcast will find a link to the webcast registration page on Sonosite's website at http://ir.sonosite.com. An archived replay of the presentation will also be available approximately an hour following the live presentation and will be available for 30 days.About Sonosite… [Read more]
Company Reports EPS of $0.05
Conference Call Today at 1:30 pm PT/4:30 ET
BOTHELL, WA - April 28, 2005 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today reported strong financial results for the first quarter ended March 31, 2005.
Worldwide revenue in the first quarter of 2005 grew 44% to $34.0 million compared with $23.5 million in the first quarter of 2004. The company achieved pre-tax income of $1.4 million in the first quarter of 2005 and reported net income in the first quarter of $725,000, or $0.05 per diluted share, compared with a loss of $1.4 million, or $0.10 per share, a year ago.
"The year is off to an exceptionally strong start," said Kevin M. Goodwin, Sonosite President and CEO. "The quarter's outstanding results were due to excellent execution in both US and International markets. During the second quarter we will be focused on the worldwide launch of the MicroMaxx„¢ system, our third generation of hand-carried ultrasound technology. We will be hosting events in the US, Canada, Europe and Asia to give physicians and sonographers a first hand look at this powerful yet lightweight system and we plan to begin customer shipments in mid-June."… [Read more]
Transaction combines high-quality imaging technologies and pioneering point-of-care expertise to drive next generation medical imaging solutions
Tokyo, Japan / Bothell, WA, U.S. – December 15, 2011 – FUJIFILM Holdings Corporation (TSE: 4901, hereinafter: Fujifilm), a diversified technology company that operates in healthcare, highly functional materials, and document solutions, announced today that it has entered into a definitive agreement with Sonosite, Inc. (NASDAQ: SONO, hereinafter: Sonosite), a pioneer and leader in bedside and point-of-care ultrasound technology, pursuant to which Fujifilm will acquire Sonosite for approximately $995 million (which includes amounts payable in connection with its convertible debt). The transaction was unanimously approved by the Boards of Directors of both companies.… [Read more]
BOTHELL, WA - December 20, 2005 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, said today that an independently conducted, random survey of MicroMaxx system customers showed that nearly all customers (97%) surveyed are highly satisfied overall with their MicroMaxx system and would recommend the system to their colleagues. Image quality, ease of use and system durability were key reasons for the high satisfaction rating, with 72% saying that the image quality of the MicroMaxx system is better than other ultrasound products they have used.… [Read more]