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]
Collaboration Begun in 2002 Expands BOTHELL, WA and BALTIMORE - November 30, 2005 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, and the Johns Hopkins Bayview Medical Center announced today that Sonosite will contribute $1 million over the next five years to the recently established Johns Hopkins Center for Innovative Medicine at the Johns Hopkins Bayview Medical Center.
Sonosite's unrestricted contribution, the first corporate gift the Center has received, will provide support for the Center's operations, general technology development, and research priorities, which include accelerating the adoption of clinical advances that improve patient care.
"Today, it is essential that academic medical centers, like Johns Hopkins, move beyond their current focus on disease-specific research to embrace innovation for the entire health system," says David Hellmann, M.D., chair of the department of medicine at Johns Hopkins Bayview Medical Center and vice dean for the Johns Hopkins Bayview Campus.… [Read more]
Winners Will Be Honored at the Red Herring Fall 2005 Conference
SAN FRANCISCO, CA--(MARKET WIRE)--Dec 12, 2005 -- Red Herring announced today its first Red Herring Small Cap 100 list. The editors of the Red Herring evaluated over 2,500 publicly traded technology companies with market capitalizations of between US$300 million and US$1 billion from North America, Europe and the Asia-Pacific region. "Small-cap technology companies are what most tech startups become after they go public," said Joel Dreyfuss, Editor-in-Chief of Red Herring.
"Red Herring's first list of small-cap companies allows us to track the evolution of these companies. We find that small-cap tech companies continue to be innovative even as they fulfill the demands of a competitive public market." The Red Herring Small Cap 100 is based on more than simply financial performance and growth. These public companies possess innovative technology and smart business models that can take them to the next level of competition. Red Herring's global perspective, provocative outlook on the technology landscape and Red Herring Innovation Index will make this list and conference unique and invaluable to technology and financial executives.… [Read more]
Pavan Behl Named Country Manager BOTHELL, WA and NEW DELHI, INDIA - December 6, 2005 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that it has established a liaison office in New Delhi, India to better support its distributors and growing base of customers. The company also said that it has named Mr. Pavan Behl as country manager with overall responsibility for India operations. "The Indian health care market is one of the most dynamic and rapidly growing in the world and offers an excellent opportunity for Sonosite," said Graham Cox, Sonosite Vice President, International.
"With over 15,000 hospitals and 500,000 physicians, investment in health care delivery is expected grow by 12% - 15% per annum over the next five years to $48 billion representing 7% of GDP. By opening a liaison office, we are establishing a direct presence for Sonosite in this market and will work closely with our Indian distributors to better understand and respond to our customers' needs."… [Read more]
BOTHELL, WA - November 29, 2005 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that is has shipped over 25,000 systems worldwide. The company made the announcement at the 91st Annual Meeting of the Radiological Society of North America (RSNA) being held in Chicago from November 27 to December 2.
Sonosite, the recognized leader and innovator of the hand-carried ultrasound market, shipped its first system in 1999, thereby launching a new era in medical imaging where the benefits of high performance ultrasound could be brought to the point of care, wherever the patient is located, rather than bringing the patient to the ultrasound system. "We thank our customers for helping us reach this milestone event in our company's history," said Kevin M. Goodwin, Sonosite President and CEO.
"By working together, it has been possible to bring the patient care benefits of ultrasound visualization to clinical applications across medicine." Weighing from three to just under 8 pounds, Sonosite's hand-carried systems boot up in seconds, are designed to withstand the rigors of highly mobile use, and can operate on battery power for up to four hours if need be. In a recent independently conducted survey, commissioned by the company, customers gave Sonosite products an overall satisfaction rating of 97% based on image quality, ease of use, durability, reliability and ergonomic transducer design.… [Read more]
THE VEVO LAZR PHOTOACOUSTICS IMAGING SYSTEM
NEW TECHNOLOGY IMPROVES DIAGNOSTICS AND THE DISCOVERY OF NEW THERAPEUTICS
The Vevo LAZR System Debuts at the American Association of Cancer Research (AACR) April 3-6, Orlando, Florida
… [Read more]
28% Fourth Quarter 2010 Revenue Growth
74% Fourth Quarter 2010 Ebitdas Growth
21% Full-Year 2010 Revenue Growth
60% Full-Year 2010 Ebitdas Growth
Conference Call Webcast Live Today at 1:30 pm Pacific/4:30 pm Eastern
BOTHELL, WA – February 17, 2011 – Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today reported financial results for the fourth quarter and year ended December 31, 2010.
REVENUE
Revenue for the fourth quarter was $89.3 million, an increase of 28% for the quarter. Full-year 2010 revenue reached $275.4 million compared to $227.4 million in 2009, an increase of 21%.
VisualSonics, Inc. revenue was $8.9 million for the quarter, representing the second consecutive strong performance since the company was acquired in June 2010.
Sonosite revenue, excluding VisualSonics, was $80.4 million, an increase of 15% compared to the fourth quarter of 2009, and $257.7 million for the full-year, an increase of 13%.
Foreign currency rates had negligible impacts on fourth quarter and full-year results.
HIGHLIGHTS… [Read more]
BOTHELL, WA - January 20, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today announced that it will report the company’s fourth quarter and full-year financial results on Thursday, February 17, 2011 at the close of market and will host a conference call at 1:30 pm PT/4:30 ET. The call will be broadcast live and can be accessed via Sonosite’s website at www.sonosite.com/investorinformation/webcasts.
A replay of the audio webcast will be available beginning February 17th at 5:30 pm PT and will be available until March 3rd at 9:59 pm PT by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 2745372 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 bedside and point-of-care ultrasound and an industry leader in ultra high-frequency micro-ultrasound technology and impedance cardiography equipment. 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.… [Read more]
Major imaging breakthrough:
The launch of VisualSonics' Vevo LAZR photoacoustics imaging system enables pre-clinical researchers to visualize structural, molecular and functional attributes of tumors simultaneously
"With photoacoustics, we can see at the molecular level what effect a drug is having on cancer cells - it provides unparalleled insights into how cancer sustains itself and it's only a matter time before we begin seeing practical application in humans."
-Stanislav Emelianov, Associate Professor and Associate Chair for Research, Department of Biomedical Engineering, University of Texas at Austin
… [Read more]
27% REVENUE GROWTH TO $71.1 Million
51% EBIT GROWTH TO $4.0 Million
52% EBITDA GROWTH TO $6.6 Million
62% EBITDAS GROWTH TO $8.7 Million
Conference Call Webcast Live Today at 1:30 pm Pacific/4:30 pm Eastern
BOTHELL, WA - April 25, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today reported financial results for the first quarter ended March 31, 2011.
REVENUE
Revenue for the first quarter of 2011 was $71.1 million, an increase of 27% compared to $56.0 million in the first quarter of 2010. Revenue from VisualSonics, Inc., acquired in June 2010, was $8.2 million for the quarter.
Foreign currency rates had a 2% favorable impact on first quarter revenue results.
FIRST QUARTER HIGHLIGHTS
The US Sector delivered another quarter of double-digit revenue growth, up $4.5 million or 21%;
Strong performance by the US Enterprise channel, which grew 71% compared to the prior year;
VisualSonics successfully launched the Vevo® LAZR Photoacoustics Imaging system at the American Association of Cancer Research, receiving positive feedback and interest among scientific researchers.
EBITDAS, EBITDA and Operating Income (EBIT)
First Quarter Results
First quarter EBITDAS was $8.7 million or 12% of revenue, an increase of 62% over the prior year.
… [Read more]
Sonosite Expands Its NBA D-League Partnership to Present the fifth NBA D-League All-Star Game which will take place at the Los Angeles Convention Center on Feb. 19 and air live on NBA TV
BOTHELL, WA – February 3, 2010 – The NBA Development League (NBA D-League) and Sonosite, Inc. (Nasdaq:SONO), today announced that the world leader and specialist in bedside and point-of-care ultrasound technology will become the presenting partner of the 2011 NBA D-League All-Star Game.
The fifth NBA D-League All-Star Game presented by Sonosite will take place at the Los Angeles Convention Center on Saturday, Feb. 19, broadcast live on NBA TV at 2:00 p.m. PST. As the presenting partner of the 2011 NBA D-League All-Star Game, Sonosite will have prominent exposure throughout Center Court at the NBA All-Star Jam Session presented by adidas. In addition, Sonosite will have portable ultrasound devices and trained staff available on the sidelines to treat players. Sonosite's President and CEO, Kevin Goodwin, will also present the MVP Award to the game's most valuable player during a postgame ceremony.
… [Read more]
BOTHELL, WA - February 23, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside ultrasound for the point-of-care, today announced that Marcus Smith, Senior Vice President and Chief Financial Officer, will present at the Washington Biotechnology and Biomedical Association (WBBA) Life Science Innovation Northwest Conference. The conference will be held at the Washington State Convention Center in Seattle from March 2-3, 2011. Mr. Smith will be presenting on March 2nd at 9:30 a.m. Pacific Time.
About Sonosite
Sonosite, Inc. (www.sonosite.com) is the innovator and world leader in bedside and point-of-care ultrasound and an industry leader in ultra high-frequency micro-ultrasound technology and impedance cardiography equipment. Headquartered near Seattle, the company is represented by fourteen 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.… [Read more]
BOTHELL, WA - April 5, 2011 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in bedside and point-of-care ultrasound, today announced that it will report the company’s first quarter financial results on Monday, April 25, 2011 at the close of market and will host a conference call at 1:30 pm PT/4:30 ET. The call will be broadcast live and can be accessed via Sonosite’s website at www.sonosite.com/investorinformation/webcasts.
A replay of the audio webcast will be available beginning April 25th at 5:30 pm PT and will be available until May 9th at 11:59 pm PT by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 2602385 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 bedside and point-of-care ultrasound and an industry leader in ultra high-frequency micro-ultrasound technology and impedance cardiography equipment. 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.… [Read more]
Conference Call Accessible Via Live Webcast BOTHELL, WA - April 16, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced that the Company will report its first quarter financial results on Monday, April 30, 2007 at the close of market and hold a conference call at 1:30 pm PT/4:30 pm ET to discuss its first quarter performance 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 30, 2007, 4:30 pm (PT) until May 14, 2007, 12:00 midnight (PT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 2768214 is required to access the replay. The call will be also 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 eight subsidiaries and a global distribution network in over 90 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 over 550 people worldwide.… [Read more]
Company to Report Complete 2006 Financial Results February 15, 2007 BOTHELL, WA - January 8, 2007 - Sonosite, Inc. (Nasdaq:SONO) today provided preliminary revenue results for the fourth quarter ended December 31, 2006. The company said that revenue grew approximately 20% compared to the prior year's fourth quarter to about $54 million, in line with previously issued company guidance.
"We exited the fourth quarter of 2006 on a strong note achieving the year's highest revenue growth rate and setting a new record for quarterly revenue," said Kevin M. Goodwin, Sonosite President and CEO. "We saw healthy trends in both our US and International businesses and are pleased with our growth in point of care markets led by the MicroMaxx system. Our US hospital and office strategy is progressing well and we are on track with our new product initiatives. Market dynamics are robust and we are taking the right steps to drive continued strong, long-term growth in revenue and profitability in our business.… [Read more]
Fifth Major Performance Enhancement Since MicroMaxx Introduction Targeted for Anesthesia, EMED, Breast Surgery and Interventional Radiology Applications Customer Deliveries Begin Today
BOTHELL, WA - April 12, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today the introduction of a major advance in image resolution for the MicroMaxx system together with a series of enhancements to improve clinical workflow. The fifth major technology expansion to the MicroMaxx platform since the system began shipping in mid-2005, the new capabilities include SonoMB technology, a proprietary multi-beam imaging algorithm that dramatically improves image resolution.
Also included are advances in fundamental and harmonic imaging for abdominal applications, automated image optimization, and credentialing worksheets for recording exams in emergency medicine. Existing customers can easily and securely upgrade their MicroMaxx systems to the new capabilities via compact flash card at no charge. MicroMaxx systems incorporating these new advances begin shipping globally today.
… [Read more]