BOTHELL, WA - July 5, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand carried ultrasound, announced it is filing today a patent infringement lawsuit against General Electric Company (GE) and certain of its affiliates in the U.S. District Court for the Western District of Wisconsin. The complaint is filed as a counterclaim to the complaint GE and its affiliates filed against Sonosite on May 15, 2007 in the same court. In parallel, Sonosite is filing its answer to the complaint denying all of GE's claims and alleging that the asserted patents are either invalid, not infringed, or both. In its counterclaim complaint, Sonosite asserts that GE and its affiliated companies infringe Sonosite's U.S. Patent Nos. 6,569,101,… [Read more]
Imaging technology advance offered on MicroMaxx curved array probes
Benefits broadly applicable across EMED, Critical Care, Anesthesia and Office exams
BOTHELL, WA - June 13, 2007 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, announced today that its widely acclaimed SonoMB„¢ imaging advance is now available on its curved array probes, thereby extending this valuable technology to a broad range of exam types. The company began customer shipments of new MicroMaxx® systems incorporating the SonoMB technology early this week. It is available as a software upgrade at no charge to existing MicroMaxx customers. SonoMB technology is a proprietary Sonosite imaging algorithm that dramatically improves contrast resolution and reduces ultrasound artifact while providing exceptional frame rates and superior image quality for the clinician. The result is increased resolution in both the near and far field, finer definition of small structures and improved visualization of physiology and subtle tissue differences. The expansion of SonoMB technology announced today has applicability for virtually all exam types in emergency medicine, critical care, anesthesia and physician office applications.
Getting Answers Fast… [Read more]
Company to Report Complete Second Quarter Financial Results July 30, 2007 BOTHELL, WA, July 5, 2007 - Sonosite, Inc. (Nasdaq:SONO), today provided preliminary revenue results for the second quarter ended June 30, 2007. The company said that worldwide revenue grew approximately 20% to over $47 million compared to the second quarter of 2006. For the first half of 2007, worldwide revenue grew approximately 18% to about $90 million compared with $76.4 million for the first half of the prior year.
"Revenue growth in the second quarter demonstrated improving execution in our sales channels, as well as improving market share," said Kevin M. Goodwin, Sonosite President and CEO. "US business was up 16%, with the US hospital business growing quite strongly at 25% compared to the prior year's quarter. The private office channel, which continued to be affected by transition, was down 42% compared with last year, but up sequentially by 55% compared to the first quarter of this year.… [Read more]
Jim Gilmore returns to Sonosite Lee Dunbar promoted BOTHELL, WA - June 16, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced the appointment of James M. Gilmore as Vice President, Advanced Development and Ultrasound Engineering and the promotion of Lee D. Dunbar to Vice President, Premium Products Engineering.Mr. Gilmore was one of the original engineers at Sonosite when the company was spun off from ATL Ultrasound in 1998. He served as Director, Transducer Engineering for six years and played a key role in the development of the Sonosite 180, iLook and TITAN systems. In 2004, Mr. Gilmore joined GE Healthcare and served as Global Engineering Manager for Global Ultrasound Probes until his recent decision to rejoin Sonosite.
At GE he managed a staff of over 60 engineers located in the US, China, Japan, Austria, France, Norway and India and was responsible for all aspects of product definition, design, development and manufacturing engineering support of diagnostic ultrasound transducers. Mr. Gilmore's career in the ultrasound industry includes engineering management positions at ATL Ultrasound from 1991 through 1998 and at Diasonics from 1989 to 1991 as an acoustics engineer. He was honored as an ATL Technical Fellow for innovation and technical leadership in advanced phased array and multidimensional array projects and is named as an inventor on three patents for transducer technology.… [Read more]
Company reports $0.08 EPS and $0.16 EPS, excluding stock-based compensation
Conference call today at 1:30 PT/4:30ET BOTHELL, WA - July 26, 2006 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced financial results for the second quarter and first half ended June 30, 2006. Worldwide revenue in the second quarter of 2006 grew 18% to $39.5 million compared with $33.5 million in the second quarter of 2005. During the second quarter, total US revenue grew 19% to $20.2 million and international revenue grew 17% to $19.3 million compared with the prior year quarter. For the first half of 2006, worldwide revenue grew 13% to $76.4 million compared with $67.5 million for the first half of the prior year.… [Read more]
Conference Call Accessible Via Live Webcast BOTHELL, WA, April 12, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced that the Company will report its first quarter financial results on Wednesday, April 26, 2006 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, outlook for 2006 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 26, 2006, 4:30 pm (PT) until May 10, 2006, 12:00 midnight (PT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 1243705 is required to access the replay. The call will be also archived on Sonosite's website.
About Sonosite… [Read more]
Independent survey shows majority of customers report image quality is better than other ultrasound products used BOTHELL, WA - August 17, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, said today that an independently conducted, random survey of U.S. Sonosite customers showed that 97% are highly satisfied overall with their system with nearly 9 out of 10 customers saying in the statistically significant survey that they are "completely" or "very satisfied". Respondents were required to be involved in the day-to-day operation or usage of the Sonosite products being profiled and not just involved with the acquisition decision. Image quality, ease of use, system reliability and durability, and ergonomic design of transducers were key reasons for the high satisfaction rating.
Two-thirds of respondents said that image quality of their Sonosite product is better in comparison to other ultrasound products they have used. Over 60% of the survey participants owned MicroMaxx systems, approximately one-third owned TITAN systems and the remainder profiled were 180PLUS users. Over 90% of respondents were physicians and the majority of respondents were hospital based.… [Read more]
Conference Call Accessible Via Live Webcast BOTHELL, WA - July 13, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced that the Company will report its second quarter financial results on Wednesday, July 26, 2006 at the close of market and hold a conference call at 1:30 pm PT/4:30 pm ET to discuss its second 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 July 26, 2006, 4:30 pm (PT) until August 9, 2006, 12:00 midnight (PT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 4988423 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, 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 500 people worldwide.… [Read more]
Live Webcast Available BOTHELL, WA - August 2, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that the company will present at the Canaccord Adams 26th Annual Summer Seminar at the Boston Marriott Long Wharf Hotel in Boston on Wednesday, August 9, 2006 at 4:00 pm (ET). A link to the audio-only webcast and replay will be available at http://ir.sonosite.com. The replay will be available beginning August 9, 2006 at 5:00 pm (ET) and ending at midnight October 9, 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 500 people worldwide.… [Read more]
Live Webcast Available BOTHELL, WA - September 13, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that the company will present at the A.G. Edwards 2006 Emerging Growth Conference at the New York Palace Hotel in New York City on Wednesday, September 20, 2006 at 10:30 am (ET). A link to the audio-only webcast and replay will be available at http://ir.sonosite.com. The replay will be available beginning September 20, 2006 at 2:30 pm (ET) and ending at midnight October 20, 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 500 people worldwide.… [Read more]
The MicroMaxx system's wireless connectivity, extreme portability, and exceptional image quality converge to improve care at three separate emergency departments BOTHELL, WA - November 27, 2006 - Sonosite Inc., (Nasdaq:SONO), the world leader in hand-carried ultrasound, today highlighted the gains in patient care that Toronto's University Health Network (UHN) and Mount Sinai Hospital attribute to their deployment of a single MicroMaxx hand-carried ultrasound system across three separate emergency departments.
The MicroMaxx system is being showcased this week at the 92nd Annual Meeting of the Radiological Society of North America, being held at McCormick Place in Chicago, in Sonosite's Booth #4948. A single on-call sonographer with a MicroMaxx system is able to provide overnight ultrasound services to the emergency departments at 256-bed Toronto Western and 471-bed Toronto General, both part of UHN, and the 472-bed Mount Sinai hospitals. With the MicroMaxx system's advanced wireless connectivity, the sonographer sends images as they are taken to a centralized picture archiving and communication system (PACS) in a radiology suite, where a radiologist provides real-time diagnostic evaluations to the emergency physicians. The MicroMaxx system has been programmed to work seamlessly across the distinct wireless security algorithms deployed by UHN and Mount Sinai, and automatically connects to the PACS network as the sonographer moves from department to department.… [Read more]
Full line of transducers designed to meet the diverse requirements of anesthesiology BOTHELL, WA - October 16, 2006 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, announced today at the American Society of Anesthesiologists' Annual Meeting that it has introduced a new high-frequency broadband transducer, the C11e/8-5. With its small footprint, the C11e transducer provides enhanced image quality and deeper penetration for visualizing the delivery of regional anesthesia and line placement. This is the seventh MicroMaxx system transducer offered by Sonosite for a variety of important anesthesiology procedures and assessments.… [Read more]
Federal Circuit Affirms Lower Court Summary Judgment in Sonosite's Favor BOTHELL, WA - December 14, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that the United States Court of Appeals for the Federal Circuit has affirmed a lower federal court's summary judgment of invalidity in favor of Sonosite against Neutrino Development Corporation (Neutrino), a patent holding company. In March 2006, the United States District Court for the Southern District of Texas, Houston Division, granted Sonosite's motion for summary judgment, and reversed its earlier finding that Sonosite infringed Neutrino's patent, US Patent No. 6,221,021 ("the '021 patent").
Neutrino had appealed the district court decision to the Federal Circuit, a specialized appellate court that hears patent appeals. The unanimous one-word decision of the three-judge appellate panel was issued on December 12, but is dated December 8, 2006, only three days after the panel heard oral argument from the parties.… [Read more]
Conference call today at 1:30 PT/4:30ET BOTHELL, WA - October 30, 2006 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced financial results for the third quarter and nine months ended September 30, 2006. As the company previously disclosed in its news release issued on October 16, 2006, worldwide revenue in the third quarter of 2006 increased 16% to $40.3 million compared with $34.8 million in the third quarter of 2005. During the third quarter, total US revenue grew 15% to $23.4 million and international revenue grew 18% to $16.9 million compared with the prior year quarter. For the nine months of 2006, worldwide revenue grew 14% to $116.7 million compared with $102.3 million for the nine months of the prior year.
US revenue accounted for 58% of third quarter revenue and 53% of year-to-date revenue in 2006. For the third quarter of 2006, Sonosite reported net income of $475,000 or $0.03 per diluted share compared with net income of $1.4 million or $0.09 per diluted share in the third quarter of 2005. For the nine months of 2006, Sonosite reported net income of $1.4 million or $0.08 per diluted share compared with net income of $119,000 or $0.01 per diluted share in the comparable period of the prior year.… [Read more]
Physician concludes that vascular ultrasound screening identifies heart disease risk
among women with greater accuracy
Findings presented at World Congress of Cardiology
Barcelona, September 3, 2006 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, announced today that Dr. John Postley of the New York Physicians Group has presented results from his study demonstrating that vascular ultrasound screening can be a more accurate means of risk stratification for heart attack, particularly among women, than the Framingham Risk Score, which has been the traditional method of identifying cardiovascular risk. Dr. Postley presented his study, "Gender Differences in the Relationship of Ultrasound Identified Atherosclerosis to Framingham Risk Score," on Sunday, September 3 at the World Congress of Cardiology 2006. (The Congress is meeting at the Fira Gran Mia M2 in Barcelona until September 6.)… [Read more]
BOTHELL, WA - November 27, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that it has shipped over 3,000 MicroMaxx systems to customers worldwide. The company made the announcement at the 92nd Annual Meeting of the Radiological Society of North America (RSNA) being held in Chicago from November 26 to December 1. Weighing less than 8 pounds, Sonosite's MicroMaxx system is the company's third generation of ultrasound technology and represents the technology crossover point between hand-carried ultrasound and larger, high-performance, cart-based systems. Battery operable if desired, the MicroMaxx system boots up from "off" to scanning in seconds, and is designed to withstand the rigors of highly mobile use. In fact, the system is so rugged that it comes with a 5-year warranty - a first in the industry where standard practice is to charge another 10-15% annually of a system's purchase price for a service contract.… [Read more]
BOTHELL, WA - October 16, 2006 - Sonosite, Inc. (Nasdaq:SONO) today provided preliminary third quarter results and an updated 2006 outlook. The Company said that worldwide revenue in the third quarter of 2006 increased by approximately 16% over the third quarter of 2005 to $40 million and that it expects to report earnings on a GAAP basis of $0.01 to $0.02 per diluted share. The company also said it generated positive cash flow in the quarter and that cash, cash equivalents and investments increased $1.7 million in the quarter to a balance of $86.0 million. "We completed the third quarter with strong market fundamentals as well as strong performances from a number of our key sales territories and countries around the world," said Kevin M. Goodwin, Sonosite President and CEO.… [Read more]
System performs flawlessly on battery power during training climb at 21,000 feet and sub-freezing temperatures - Research on oxygen deprivation aimed at improving treatment for critically ill patients
Bothell, WA and London, England, November 28, 2006- Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced that Xtreme Everest 2007 (http://www.xtreme-everest.co.uk) has selected the MicroMaxx hand-carried ultrasound system to perform cerebral perfusion studies for its research on human performance at extreme altitudes. The goal of the project is to place a medical and scientific team on the summit of Mount Everest in the spring of 2007 to study the effects of oxygen deprivation on the human body. Coordinated by the Centre for Aviation, Space and Extreme (CASE) Environment Medicine in London, the Everest ascent is the centrepiece of an extensive research program studying human performance at extreme altitude aimed at improving the care of the critically ill. The study -- the largest human biology study ever performed at high altitude -- will consist of examining more than 200 volunteers as they climb progressively higher into the thin atmosphere.… [Read more]
Conference Call Accessible Via Live Webcast BOTHELL, WA - October 24, 2006 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, said the company will report its final third quarter financial results on Monday, October 30, 2006 at the close of market and hold a conference call at 1:30 pm PT/4:30 pm ET to discuss its third quarter performance, outlook for 2006 and current corporate developments. The company announced preliminary third quarter financial results on October 16, 2006. The call will be broadcast live and can be accessed via the "Investors" Section of Sonosite's website. A replay of the audio webcast will be available beginning October 30, 2006 at 4:30 pm (PT) until November 13, 2006, at 12:00 midnight (PT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code, 2669427, is required to access the replay. The call will also be archived on Sonosite's website at http://ir.sonosite.com.
About Sonosite… [Read more]
Sonosite Introduces Fourth Specialized Ultrasound Visualization Tool for Interventional Radiology and Cardiac Cath Labs BOTHELL, WA, October 29, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today introduced the S-Cath™ visualization tool, a specialized ultrasound device designed to meet the specific point-of-care imaging and procedural guidance needs of interventional radiologists and cardiologists. With its user-centered design, the S-Cath tool provides interventionalists immediate access to the optimum image with a minimum of controls and knobs. Its available suite of curved, linear and phased array transducers cover a range of guidance for interventional procedures such as line placement, biopsy, dialysis access, stent placement, femoral and other vascular access and fluid drainage as well as abdominal and cardiovascular imaging applications.… [Read more]