Revenues Hit $75.7 Million in the Quarter, Up 10%
Year-to-Date Revenues Reach $219.5 Million, Up 18%
Conference Call Webcast Live Today at 1:30 pm Pacific/4:30 pm Eastern
BOTHELL, WA - October 25, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today reported financial results for the third quarter and nine months ended September 30, 2011.
REVENUE
Revenues for the third quarter of 2011 were $75.7 million, rising 10% in comparison to $68.5 million in the third quarter of 2010.
Revenues for the nine months of 2011 were $219.5 million, compared to $186.1 million in 2010, an increase of 18%.
Overall order booking rates increased 16% in the quarter.
Foreign exchange contributed to a 2.1% favorable impact on third quarter results and a 2.8% favorable impact on the first nine months of 2011.
EBITDAS, EBITDA and OPERATING INCOME (EBIT)
Third Quarter:
For the quarter, EBITDAS includes non-recurring severance charges of $1.3 million from SG&A cost restructuring. Operating expense run rate savings are projected at $6.0 million for 2012, positioning the company for improved operating margins while launching new products and driving marketing initiatives in 2012.… [Read more]
BOTHELL, WA– November 15, 2011– Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today announced the appointment of Brian Noyes as the Vice President of Marketing for North America and South America.
“Brian is an excellent addition to Sonosite and we welcome him to the leadership team,” said Matthew Damron, Sonosite’s Global Chief Marketing Officer. “He is an accomplished leader with decades of experience in the medical device industry, a successful product launch track record, and a key factor in the growth of a $1 billion franchise at Johnson & Johnson. Brian is a very appealing candidate to further elevate our marketing execution to the next level with expertise that is essential as we prepare to unleash the most exciting products in our company’s history.”
“Sonosite is a company with tremendous growth opportunities and has an enviable position in the healthcare industry,” said Brian Noyes. “I’m joining the company at a very exciting time, and I look forward to capitalizing on the current marketing initiatives, driving product demand, and market expansion.”
… [Read more]
BOTHELL, WA– November 16, 2011– Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today announced the appointment of Richard Salzar as the Vice President and General Manager of Europe, Russia, and Africa.
“Richard is a strong leader with 30 years of experience in the healthcare industry,” said Kevin M. Goodwin, Sonosite’s President and CEO. “As we continue to position ourselves for growth in our international markets, Richard’s past success at the strategic and business level will further strengthen our ability to expand our international footprint. We anticipate optimally structuring our approach for improved execution and growth heading into 2012.”
“Sonosite is a unique company with a superior product line and long-term market opportunity,” said Richard Salzar. “I’m excited for the opportunity to join the company and I’m confident in my ability to leverage our current resources internationally and drive strong results in the coming years.”
… [Read more]
Company Received FDA 510(k) Clearance and is Now Shipping the EDGE System to US Customers
BOTHELL, WA - November 17, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, announced today that the company has received FDA 510(k) clearance for its fifth generation, high performance EDGE™ ultrasound system. Designed with physician feedback in mind, the EDGE system reaches a new level of clinical performance and product design, arming physicians with a tool to deliver better, safer and improved patient care. The company is now commencing US customer deliveries. International deliveries are pending CE marking.
“The EDGE system is a tremendous product and we are excited to bring it to point-of-care medicine, said Kevin M. Goodwin, Sonosite’s President and CEO. “We are encouraged by the timely regulatory review process, which represents a collaborative effort by many. We look forward to adding this new tool to our core markets and providing physicians with the impact they have been asking for in healthcare delivery.”… [Read more]
New User Interface, Larger Screen Size and Exceptional Image Quality
BOTHELL, WA - December 21, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, announced it has received CE Marking (Conformité Européenne) in the European Union to market its next generation point-of-care product: EDGE™ ultrasound system. The EDGE system is currently available for sale in the U.S., following receipt of FDA Premarket Notification 510(k) clearance in November. Sonosite is now commencing international customer deliveries.
Engineered with new state-of-the-art technology, the EDGE ultrasound system takes point-of- care ultrasound to a whole new level of clinical performance and enables physicians to deliver the highest standard of patient care by driving greater efficiencies and the potential for improved outcomes in the hospital and office.
The EDGE ultrasound was formally introduced this fall at medical meetings and congresses in Europe and Australia. Physicians positively responded to the system:… [Read more]
Sonosite Participating in HIMSS Interoperability Showcase
BOTHELL, WA - April 2, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, will demonstrate its latest advances in connectivity and workflow integration technology on the Sonosite Turbo™ platform, during the Healthcare Information and Management System Society (HIMSS) 2009 Conference. The conference is being held in Chicago at McCormick Place, April 4-8th.
As a participant at the HIMSS' Interoperability Showcase, Sonosite will conduct live demonstrations on its M-Turbo® system to show how it communicates with multiple DICOM® compliant products to expedite workflow. Both the M-Turbo and S Series™ product lines support the following DICOM functions: Storage Commitment, Modality Performed Procedure Step (MPPS), Modality Work List (MWL), Print and Archive.… [Read more]
Sonosite Previews Preliminary First Quarter Revenue Results
BOTHELL, WA - April 6, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried and point-of-care ultrasound, today provided preliminary revenue results for the first quarter ended March 31, 2009. The company said worldwide revenue decreased by 1% - 2% in Q1 2009 compared to Q1 2008. On a constant currency basis, worldwide revenues grew 6% - 7% in the quarter, indicating a currency headwind of approximately 8%. US revenues grew approximately 4% year over year.
Continued slowing of US hospital capital spending drove a mid-teen percentage decline in Sonosite€™s US hospital revenues. This was offset by excellent growth in the company€™s US enterprise channel. International revenues decreased approximately 6% in the quarter, driven by the impact of a weaker dollar. On a constant currency basis the International sector was up approximately 8% in Q1 2009 on a year over year basis. These revenue estimates are preliminary. The company will report full financial results for the first quarter on April 27, 2009 after the close of market.
About Sonosite… [Read more]
BOTHELL, WA - April 20, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried and point-of-care ultrasound, said today that it will report the company's first quarter financial results on Monday, April 27, 2009 at the close of market and host a conference call at 1:30 pm PT/4:30 ET. The company announced preliminary first quarter revenue results on April 7, 2009. The call will be broadcast live and can be accessed via the "investors" Section on Sonosite's website at (www.sonosite.com). A replay of the audio webcast will be available beginning April 27, 2009, 5:30 pm PT and will be available until May 11, 2009, 9:59 pm PT by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 8899954 is required to access the replay. The call will also be archived on Sonosite's website.
About Sonosite
Sonosite, Inc. (www.sonosite.com) is the innovator and world leader in hand-carried ultrasound. Headquartered near Seattle, the company is represented by ten subsidiaries and a global distribution network in over 100 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 650 people worldwide.… [Read more]
Conference Call Today at 1:30 PM Pacific Time
BOTHELL, WA - April 27, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried and point-of-care ultrasound, today announced financial results for the first quarter ended March 31, 2009. First quarter 2009 worldwide revenue was $51.8 million, a decrease of 1% over the prior year's first quarter as previously announced. Changes in foreign currency rates decreased worldwide revenue in the first quarter of 2009 by approximately 8%. Total US revenue grew 5% in the quarter to $23.2 million driven by more than doubling of revenue in the enterprise channel. US direct hospital sales were negatively impacted by the slowdown in hospital capital spending - down 14%. International sales were down 6% to $28.6 million due to a 14% negative foreign exchange impact. On a constant currency basis, international sales were up 8%.… [Read more]
Sonosite and Medical Simulation Corporation to Demonstrate Safe Central Line Placement Techniques at AACN Meeting
BOTHELL, WA - May 15, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried and point-of-care ultrasound, today announced that Medical Simulation Corporation (MSC) has selected Sonosite's M-Turbo® ultrasound as their preferred system for teaching clinicians central line placement procedures for their SimSuite® Central Line Management Program. MSC is the leader in providing full-service simulation training and education services to healthcare personnel, medical societies and medical product manufacturers. "Medical Simulation Corporation is proud to partner with Sonosite as its preferred ultrasound vendor for the SimSuite Central Line Management Program," Bill Younkes, MSC President and CEO said.
"Throughout the selection process, Sonosite's M-Turbo ultrasound system rose to the top in head-to-head demonstrations with multiple vendors and met our needs for portability and exceptional image quality. Along with their 5-year warranty; Sonosite's work with the military speaks volumes about their system's reliability."… [Read more]
Acquisition Adds Innovative, Non-Invasive Hemodynamic Monitoring Products and Disposable Sensors Expands Sonosite's Sales Channel to Large Market for Cardiovascular Disease Management
BOTHELL, WA - June 9, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried and point-of-care ultrasound, today announced that it has reached an agreement to acquire CardioDynamics International Corporation (Nasdaq:CDIC). Under the terms of the agreement, Sonosite will acquire CardioDynamics in exchange for $1.35 per share in cash. The aggregate transaction value will be approximately $10.0 million, or $12.3 million net of cash and debt. CardioDynamics reported revenues of $24.5 million in 2008. Its impedance cardiography (ICG) product line provides non-invasive assessment of cardiac output and other hemodynamic parameters in the physician's office, outpatient clinic or hospital.
This information allows physicians to assess and diagnose underlying cardiovascular disorders, customize and target treatment, monitor the effectiveness of prescribed medications and identify potential complications. The company's latest generation product, the BioZ® Dx system, integrates ICG with electrocardiography (ECG), providing the ability to assess both mechanical and electrical cardiovascular function.… [Read more]
The First Ultrasound Company to Provide Free iPhone App Offering 45 Instructional Videos For Point-of-Care Ultrasound
BOTHELL, WA, June 24, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for point-of-care medicine, announced today the launch of the SonoAccess™ application, the first medical iPhone app from an ultrasound company that provides a multimedia library of ultrasound resource materials for medical professionals to access when and where they need it.
The SonoAccess application is an iPhone or iPod touch® interactive mobile learning application that addresses the continuing educational needs of point-of-care ultrasound users. Sonosite partnered with leading physicians to gather and create clinical education materials for emergency medicine, critical care and anaesthesia with other specialties to be added soon. Users can access high quality instructional videos, case studies and reimbursement guides, as well as reference nearly 100 clinical images and news feeds on Sonosite. In addition, users can customise their user profiles to generate recommended lists of videos specific to their practise, as well as share videos, case studies and images with their colleagues and friends.… [Read more]
One Button User Interface, High Resolution Imageing International Shipments Begun
BOTHELL, WA - July 7, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound, today announced the introduction of its new 6 pound NanoMaxx™ ultrasound tool, the latest addition to Sonosite's suite of specialised products for point-of-care visualisation in medicine. Designed for diagnostic imageing, clinical assessment and procedural guidance at the hospital bedside and in the physician's office, the NanoMaxx system is the company's latest innovation in point-of-care user design and features one button system control.
Sonosite has begun deliveries to international customers and is waiting FDA 510(k) clearance to begin US customer shipments. "The NanoMaxx tool makes high quality ultrasound available to a much broader range of clinicians and applications, all of which can save time and money and improve patient safety," said Kevin M. Goodwin, Sonosite President and CEO. "The healthcare world is changing dramatically and the NanoMaxx is part of our continuing effort to make ultrasound a more affordable and useful tool in the world of medicine."… [Read more]
BOTHELL, WA - July 15, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for point-of-care medicine, said today that it will report the company's second quarter financial results on Monday, July 27, 2009 at the close of market and host a conference call at 1:30 pm PT/4:30 ET. The call will be broadcast live and can be accessed via the "investors" Section on Sonosite's website at (www.sonosite.com). A replay of the audio webcast will be available beginning July 27, 2009, 5:30 pm PT and will be available until August 10, 2009, 9:59 pm PT by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 4668347 is required to access the replay. The call will also be archived on Sonosite's website.
About Sonosite
Sonosite, Inc. (www.sonosite.com) is the innovator and world leader in hand-carried ultrasound. Headquartered near Seattle, the company is represented by ten subsidiaries and a global distribution network in over 100 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 700 people worldwide.… [Read more]
Operating cash flow increases 48% to over $7 million on 7% revenue drop during first half of 2009 Revenue declines 1% in first half on constant currency basis Conference Call Webcast Live Today at 1:30 pm Pacific/4:30 pm Eastern
BOTHELL, WA - July 27, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, today reported financial results for the second quarter and first half ended June 30, 2009.
REVENUE
Worldwide revenue in the second quarter of 2009 was $52.3 million, a decrease of 12% compared to the second quarter of 2008. For the first half of 2009, worldwide revenue was $104.1 million; a decrease of 7% compared with the first half of 2008. Changes in foreign currency rates decreased worldwide revenue by approximately 4% in the quarter and 6% in the first half of 2009.
OPERATING CASH FLOW
Operating cash flow was $7.4 million for the first half of 2009 compared to $5.0 million for the first half of 2008, an increase of 48% over the prior year period.
INCOME Operating income… [Read more]
BOTHELL, WA - July 27, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for point-of-care medicine, today announced the appointment of Rodney F. Hochman, M.D., to its Board of Directors. Dr. Hochman, a recognized leader in healthcare, has more than 35 years of hospital management experience and has held numerous executive-level positions in hospitals across the country. He currently serves as chief executive officer of Swedish Medical Center -- the largest, most comprehensive non-profit health provider in the Greater Seattle area -- and has led the organization since April 2007.… [Read more]
Acronym
Name
Date(s)
Location
SCCM
Society of Critical Care Medicine
Jan 16-18
San Diego
AAOS
American Academy of Orthopedic Surgeons
Feb 16-18
San Diego
Survival Skills
Survival Skills for the 21st Century Gynecologists
Feb 19-21
New York
AAEM
American Academy of Emergency Medicine
Feb 28-March 1
Orlando
SIR
Society of Interventional Radiology
March 27-30
Chicago
AAPM
American Academy of Pain Management
March 24-26
Washington, DC
ACC
American College of Cardiology
April 3-5
New Orleans
ACP
American College of Physicians
April 7-9
San Diego
RESUS
Resuscitation
April 13-15
Las Vegas
SOAP
Society of Pediatric Anesthesiology
April 14-16
Las Vegas
AANA
Arthrosocpy Association of North America
April 14-16
San Francisco
AIUM
American Institute of Ultrasound in Medicine
April 15-17
New York
AOASM
American Ostephatic Academy… [Read more]
Sonosite publishes RSS feeds that track company news along with Training and Education content. Use the following links to RSS feeds to follow your favorite features. Just click on the content areas you're interested in and follow the instructions in your RSS news reader for adding a feed.
Sonosite News RSS | The latest press releases
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What is RSS?
RSS stands for Really Simple Syndication. It is an XML-based format in which content from blogs and Web sites, including Sonosite, is delivered to specialized RSS news readers. Our free RSS feeds include headlines, articles, podcasts and links back to sonosite.com. We currently use RSS 2.0.
How do I sign up for RSS feeds?
First you must get an RSS reader. Then, simply click above on the content areas you're interested in subscribing to and follow the instructions in your RSS reader to add the feed to your list.
Where can I get an RSS reader?
There are numerous RSS readers available, many of which are free. Some are Web-based readers and others are available as desktop software that you download and install on your computer. Some examples of free RSS readers:… [Read more]
Company Provides Overview of Technology, Growth Initiatives and Financial Outlook Reaffirms 2009 Outlook
BOTHELL, WA - August 11, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound at the point-of-care, today provided an overview of the company's technology, corporate growth initiatives and financial outlook for financial analysts and investors at the company's headquarters in Bothell Washington.
LUMENVU™ CATHETER GUIDANCE SYSTEM
The company showed the LumenVu Catheter Guidance System, a product in development that provides visualization for the placement of Peripherally Inserted Central Catheters (PICC) at the point-of-care utilizing near infrared technology. Sonosite expects to begin shipping LumenVu systems at the end of 2009 subject to FDA clearance. This technology was acquired by the company in 2007. The LumenVu system couples near infrared light with standardized catheter technology to enable visual tracking of a catheter tip in real time as it advances through an arm vein to the superior vena cava.… [Read more]
BOTHELL, WA - August 17, 2009 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, today announced that on August 14, 2009, it completed the acquisition of CardioDynamics International Corporation (Nasdaq:CDIC), a leader in impedance cardiography (ICG) for noninvasive hemodynamic assessment. Under the terms of the agreement, CardioDynamics will become a wholly-owned subsidiary of Sonosite, Inc. and CardioDynamics shareholders will receive $1.35 per share in cash. The aggregate transaction is valued at approximately $10.0 million, or $12.3 million net of cash and debt.
Shareholders of CardioDynamics approved the acquisition on August 11, 2009. "This acquisition brings us an established sales channel and a franchise in cardiovascular disease management with outstanding long term growth and healthcare cost reduction potential," said Kevin M. Goodwin, Sonosite President and CEO.
"The need to detect and treat cardiovascular disease has never been greater, and CardioDynamics' products and technology will be the platform we will build upon to grow in the physician office segment, as well as expand our presence in the large market for cardiovascular disease management." "Both Sonosite and CardioDynamics have a rich history of innovation and market development," said Marcus Smith, Sonosite Vice President, General Manager, Cardiovascular Disease Management.… [Read more]