Company Begins Delivery of Fourth Generation Hand-Carried Ultrasound System Johns Hopkins Bayview Emergency Department Among the First
BOTHELL, WA, December 5, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in point-of-care, hand-carried ultrasound, today announced that it has begun worldwide shipments of the M-Turbo™ ultrasound system, its fourth generation product. The M-Turbo system packs 16-times more processing power than Sonosite's industry-leading MicroMaxx® system, delivering breakthrough image clarity across all exam types and seamless connectivity for digital image export in a rugged, hand-carried product weighing less than 8 pounds.
"The M-Turbo has it all," said William T. Hosek, MD, MBA, Director of Emergency Medicine Focused Ultrasound and Assistant Professor at Johns Hopkins Bayview Medical Center, Baltimore who is receiving the first hospital shipment. "I have been waiting a long time for a system with superior image quality, quick boot-up time and easy data transfer.… [Read more]
Conference Call Today at 1:30 pm Pacific/ 4:30 pm Eastern BOTHELL, WA - October 29, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today reported financial results for the third quarter and nine months ended September 30, 2007. Worldwide revenue in the third quarter of 2007 grew 24% to $50.0 million compared with $40.3 million in the third quarter of 2006. For the nine months of 2007, worldwide revenue grew 20% to $140.2 million compared with $116.7 million for the nine months of 2006.
Changes in foreign currency rates increased the revenue growth rate by approximately 2 percentage points for both the quarter and the nine months. For the third quarter of 2007, Sonosite reported net income of $1.5 million or $0.09 per share, compared with net income of $475,000 or $0.03 per share in the third quarter of 2006. For the nine months of 2007, Sonosite reported net income of $2.6 million or $0.15 per share, compared with net income of $1.4 million or $0.08 per share in the nine months of 2006. "US revenue grew 21% and international revenue was up 28% in the quarter demonstrating continued progress," said Kevin M. Goodwin, Sonosite President and CEO.… [Read more]
BOTHELL, WA - October 29, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, said today that Tom Dugan, Senior Vice President, Global Marketing and US Sales, will present at the JPMorgan SMid Cap Conference being held at the Four Seasons Boston on November 5th and 6th, 2007. The presentation will be webcast live on November 5th at 9:30 am Eastern Time. An audio replay of the presentation will be available for 30 days following and can be accessed via the Investors Section of 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 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]
Sonosite Expands S-Series to Anesthesia S-Nerve Offers Specialized Ultrasound Design for Anesthesiologists New Product Unveiled at American Society of Anesthesiologists' Meeting
BOTHELL, WA, October 15, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today introduced the S-Nerve procedural tool, the first ultrasound device custom-designed to support the specific needs of anesthesiologists who perform regional anesthesia. Sonosite is showcasing the new S-Nerve product at the American Society of Anesthesiologists€™ (ASA) annual meeting in San Francisco and expects to begin customer shipments in the fourth quarter of this year. The S-Nerve visualization tool is built to help regional anesthesiologists perform nerve block procedures in crowded, busy operating environments or anywhere in the hospital. Its breakthrough image quality, speed and simplicity were designed with input from leading practitioners who expressed a substantive need for a small, high-performance tool, designed to function exclusively as a guidance tool for regional nerve blocks and central line placement. Like the S-FAST„¢ ultrasound tool that Sonosite recently introduced for emergency medicine, the S-Nerve device is a radically new concept in ultrasound unlike anything else in the marketplace and offers the option of a zero footprint.… [Read more]
Conference Call Accessible Via Live Webcast BOTHELL, WA, October 15, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced that the Company will report its third quarter financial results on Monday, October 29, 2007 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 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 October 29, 2007, 4:30 pm (PT) until November 12, 2007, 10:00 pm (PT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 4826129 is required to access the replay. The call will be also archived on Sonosite€™s website.
About Sonosite Inc.
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 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]
S-FAST Harnesses Power of New M-Turbo„¢ System in Design Specialized for Emergency Medicine First EMED Visualization Tool with Zero Footprint
BOTHELL, WA - October 8, 2007 €“ Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today introduced the S-FAST„¢ point-of-care ultrasound tool, the first ultrasound product custom designed to focus solely on the specialized visualization needs of the emergency physician. Sonosite unveiled the new device at the American College of Emergency Physicians (ACEP) Scientific Assembly in Seattle.
The company expects to begin shipping the product in the fourth quarter of this year. With the S-FAST ultrasound tool, emergency clinicians get breakthrough image quality and technology that acquires the optimal image in seconds with just two controls, packaged in a revolutionary design that can be carried, mounted on an IV pole, or fixed on a wall or ceiling for zero footprint, and, of course, withstand being dropped from three feet onto a hard surface.… [Read more]
Powerful M-Turbo Hand-Carried System Delivers Breakthrough Image Quality, State-of-the-Art Connectivity and Extreme Durability for Point of Care Visualization
BOTHELL, WA - October 1, 2007 €“ Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced the introduction of the M-Turbo„¢ ultrasound system for use in the full range of clinical applications at the point of care. The fourth major product platform since Sonosite released the industry€™s first hand-carried ultrasound system in 1999, the M-Turbo system delivers an exponential increase in raw processing power for superior image clarity across all exam types, plus seamless connectivity for digital image export in a rugged, hand-carried product weighing less than 8 pounds. Sonosite plans to begin customer deliveries later this quarter.… [Read more]
BOTHELL, WA - August 20, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today it has filed an amendment to its 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 lawsuit and the amendment are filed as a counterclaim to the complaint GE and its affiliates filed against Sonosite on May 15, 2007 in the same court. Sonosite filed its original answer to the GE complaint on July 5, 2007 denying all of GE's claims and alleging that GE's asserted patents are either invalid, not infringed, or both. In its original counterclaim complaint, Sonosite asserted that GE and its affiliated companies infringe Sonosite's U.S. Patent Nos. 6,569,101,"Medical Diagnostic Instrument with ECG Module, Authorization Mechanism and Methods of Use," and 5,817,024, "Handheld Ultrasonic Diagnostic Instrument with Digital Beamformer." In its August 17 amendment, Sonosite asserts that GE and its affiliated companies also infringe Sonosite's U.S. Patent Nos. 6,962,566, "Medical Diagnostic Ultrasound Instrument with ECG Module, Authorization Mechanism and Methods of Use," and 6,364,839, "Ultrasound Diagnostic Instrument Having Software in Detachable Scanhead."… [Read more]
BOTHELL, WA €“ September 18, 2007 €“ Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, said today that Anne M. Bugge, Vice President, Corporate Affairs, will present at the UBS 2007 Global Life Sciences Conference being held at the Grand Hyatt in New York City from September 23-27, 2007. The presentation will be webcast live on September 26 at 2:30 pm, Eastern Time. An audio replay of the presentation will be available for 30 days following and can be accessed via the Investors Section of Sonosite€™s website at www.sonosite.com.
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 nine 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]
BOTHELL, WA and NEW DELHI, INDIA- October 4, 2007- Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that it is opening a wholly-owned subsidiary, Sonosite India Private Limited, to better serve its growing customer base and expand its presence in the Indian market. Headquartered in Gurgaon, Delhi NCR, the new subsidiary will provide sales and marketing support and provide the opportunity for Sonosite to deliver the high level after-sale service and education programs it is known for throughout its customer base. "Sonosite has enjoyed excellent growth in the Indian market since establishing our liaison office in 2005 under the experienced leadership of Mr. Pavan Behl as country manager," said Graham Cox, Sonosite Vice President, International.
"Opening a direct subsidiary here further underscores our long-term commitment to our customers in India, as well as allows us to better support our distribution partners and to build on the progress already made. We can now offer the financial and practical benefits of hand-carried ultrasound to the Indian market in the same way that Sonosite products have already positively impacted clinical practice in other countries. Offering a free 5-year warranty on our latest products allows clinicians to use their budgets to provide the best equipment for their patients, without the worry of ongoing costs," he added.… [Read more]
Company Now Shipping both M-Turbo and S Series S Series First Ultrasound Device to Offer Zero Footprint Option Mount Sinai to Receive First S Series Shipment
BOTHELL, Wash. - December 17, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in point-of-care, hand-carried ultrasound, today announced that it has begun worldwide shipments of its S Series™ ultrasound tools. Based on the company's fourth generation technology platform, the S Series product line combines the processing power, image quality and advanced data management features of Sonosite's newly introduced M-Turbo„¢ system with a customized user interface to address the specific needs of four clinical specialties. "Sonosite is the only company that has designed a system that can withstand rigorous use in the Intensive Care Unit (ICU),€™ said John M. Oropello, MD, FCCP, FCCM, Professor of Surgery and Medicine, Program Director, Critical Care Medicine and Co-Director, Neurosurgical €“ICU, Mount Sinai School of Medicine, New York.… [Read more]
Product Rollout Continues with Specialized Visualization Tool for ICUS-ICU Unveiled at Meeting of American College of Chest Physicians Sonosite Introduces Third S-Series Product in three weeks
BOTHELL, WA - October 22, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today introduced the S-ICU™ visualization tool, the first ultrasound device custom-designed for the intensive care physician. Sonosite is showcasing the S-ICU product at the American College of Chest Physicians (ACCP) annual meeting in Chicago, and expects to begin customer shipments in the fourth quarter of this year. With the S-ICU tool, intensivists get the breakthrough image quality of Sonosite€™s powerful, newly introduced M-Turbo„¢ system with the user interface, software and controls specialized to address the point-of-care exams and procedures commonly performed in a hospital intensive care unit (ICU).… [Read more]
BOTHELL, WA - December 27, 2007 - Sonosite, Inc. (Nasdaq:SONO) the world leader in point-of-care, hand-carried ultrasound, said today that Kevin M. Goodwin, President & CEO, will present at the 26th Annual JPMorgan Healthcare Conference being held at the Westin St. Francis in San Francisco January 7-10, 2008. Mr. Goodwin's presentation will be webcast live on January 7th at 9:00 am Pacific Time. An audio replay of the presentation will be available for 30 days following and can be accessed via the Investors Section of Sonosite's website at www.sonosite.com.
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 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 600 people worldwide.… [Read more]
2007 Revenue Tops $205 Million New Products Account for Over 30% of Fourth Quarter Revenue BOTHELL, WA, January 7, 2008 - Sonosite, Inc. (Nasdaq:SONO), the world leader in point-of-care, hand-carried ultrasound, today provided preliminary revenue results for the fourth quarter ended December 31, 2007. The company said that fourth quarter revenue grew approximately 20% to $65 million compared to the prior year's fourth quarter. For the year, worldwide revenue is estimated to have increased by 20% to over $205 million. Sonosite President and CEO Kevin M. Goodwin said that the new M-Turbo„¢ and S Series„¢ products, which the company began shipping in December, accounted for over 30% of the quarter€™s revenue.
"Market response and uptake worldwide was stronger than we expected in the first quarter of our product launch," Mr. Goodwin said. "This is a particularly encouraging given that we essentially had only 40 selling days with our new products in the field in the fourth quarter." The company unleashed its largest ever roll-out of five new products at major medical meetings during the fourth quarter of 2007.… [Read more]
Zero-Footprint Ultrasound Customized for Imaging Needs of Sports Medicine, Rheumatologists and Musculoskeletal Specialists
BOTHELL, WA - February 22, 2008 - Sonosite, Inc., (Nasdaq:SONO), the world leader in point-of-care, hand-carried ultrasound, announced today the introduction of the S-MSK™ ultrasound tool, the first ultrasound product customized for musculoskeletal specialists - including rheumatologists, physiatrists, sports physicians, orthopedic and osteopathic surgeons and physical therapists.
The company plans to begin customer shipments in March. Based on Sonosite€™s fourth generation M-Turbo„¢ platform, the S-MSK ultrasound tool delivers an exponential increase in processing power for superior image clarity plus seamless connectivity for digital image export in a rugged, easy to use form factor. It is backed by Sonosite€™s ground-breaking 5-year warranty, which comes standard with purchase. "The image quality of Sonosite€™s new generation platform is outstanding and comparable to that of larger, more expensive machines," says Alvin F. Wells, MD, PhD, Rheumatology and Immunotherapy Center and Clinical Assistant Professor, Rosalind Franklin University of Medicine and Science, Milwaukee. "With this new technology, we can look deep into the joints and see what is going on.… [Read more]
BOTHELL, WA - February 22, 2008 - Sonosite, Inc., (Nasdaq:SONO), the world leader in point-of-care, hand-carried ultrasound, announced today the new M-OB/GYN Office™ ultrasound tool specifically customized for the physician's office. The company plans to begin customer shipments this month. Based on Sonosite's fourth generation M-Turbo™ platform, the M-OB/GYN Office system delivers an exponential increase in processing power and superior image clarity for obstetrical and gynecological imaging, plus seamless connectivity for digital image export in a rugged, easy to use form factor. It is backed by Sonosite's 5-year warranty, which comes standard with purchase.… [Read more]
2007 Operating Income Grows 16% BOTHELL, WA - February 14, 2008 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in point-of-care, hand-carried ultrasound, today announced financial results for the fourth quarter and full year ended December 31, 2007. Worldwide revenue in the fourth quarter of 2007 grew 19% to $64.8 million compared with $54.4 million in the fourth quarter of 2006. For the full year of 2007, worldwide revenue grew 20% to $205.1 million compared with $171.1 million for 2006. Sonosite reported net income of $4.3 million or $0.25 per diluted share for the fourth quarter of 2007 compared with net income of $5.8 million or $0.34 per diluted share in the fourth quarter of 2006.
The 2007 comparison with 2006 was impacted by Sonosite's effective tax rate of 40% in the fourth quarter of 2007 compared with 1% in the fourth quarter of 2006. Income taxes are largely a non-cash expense due to unused net operating loss carryforwards. For the full year of 2007, Sonosite reported net income of $6.9 million or $0.40 per diluted share compared with net income of $7.2 million or $0.43 per diluted share in the prior year. The 2007 comparison was impacted by the company's tax rate of 38% for the year compared to 8% for the full year of 2006.… [Read more]
BOTHELL, WA - March 13, 2008 - Sonosite, Inc. (Nasdaq:SONO) the world leader in point-of-care, hand-carried ultrasound, said today that Kevin M. Goodwin, President and CEO, will present at the Washington Biotechnology and Biomedical Association (WBBA) Invest Northwest™ CEO and Investor Forum being held at the Bell Harbor Conference Center in Seattle from March 18-19, 2008. Mr. Goodwin's presentation will be webcast live on March 18th at 8:40 am Pacific Time. An audio replay of the presentation will be available for 30 days following and can be accessed via the Investors Section of Sonosite€™s website at www.sonosite.com.
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 over 600 people worldwide.… [Read more]
BOTHELL, WA - May 15, 2008 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound at the point-of-care, said today that Anne Bugge, Vice President, Corporate Affairs and Investor Relations will present at the 2008 Citi Investment Research Global Healthcare Conference being held at the Hilton Hotel in New York City May 21-22, 2008. Ms. Bugge€™s presentation will be webcast live on May 21st at 4:00 pm Eastern Time. An audio replay of the presentation will be available for 30 days following and can be accessed via the Investors Section of Sonosite€™s website at www.sonosite.com.
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 over 600 people worldwide.… [Read more]
BOTHELL, WA - May 29, 2008 - Sonosite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, today announced the appointment of Richard O. Martin, PhD., to its Board of Directors. Dr. Martin served as President of Medtronic Physio Control Corporation from 1998 until his retirement in 2001. Prior to its acquisition by Medtronic in 1998, Dr. Martin was Chairman and CEO of Physio Control Corporation. He also held several senior executive positions in engineering, marketing and sales with Intermedics, Inc., a manufacturer and marketer of cardiac pacemakers and other biomedical products before being named President and COO of that company in 1985.
From 1989 to 1990, Dr. Martin also served as Director, President and COO of Positron Corporation, a leading manufacturer of positron emission tomography (PET) systems specializing in cardiology, oncology and neurology applications. "Dr. Martin brings in-depth knowledge and years of corporate leadership in the medical imaging, diagnostics and therapeutics fields," said Kevin M. Goodwin, Sonosite President and CEO. "It is a pleasure to welcome Dick to our Board. We look forward to benefiting from the breadth of his experience and insights.… [Read more]