Conference Call Accessible Via Live Webcast
BOTHELL, WA, January 13, 2003 - Sonosite, Inc. (Nasdaq: SONO), today announced that the Company will report its fourth quarter and 2002 year-end earnings results on Thursday, February 13, 2003, after market close. Sonosite's management team will host a conference call on Thursday, February 13 at 1:30 p.m. (PST) to discuss the Company's fourth quarter and year-end results. The call will be broadcast live via the "Investors" section of Sonosite's corporate website: http://ir.sonosite.com/.… [Read more]
Acquisition of SonoMetric Health Signals Expansion into Preventive CardiologyUltrasound-based Software Helps Determine Cardiovascular RiskBOTHELL, WA, May 27, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, announced today that it has acquired privately held SonoMetric Health, Inc., a developer of proprietary software to assess and manage cardiovascular disease in conjunction with an ultrasound examination. Terms of the agreement with SonoMetric were not disclosed. The transaction is not expected to have a material impact on Sonosite's 2004 financial results. "This acquisition is the initial step in implementing our preventive cardiology strategy and expanding our focus on providing ultrasound tools for detecting and managing cardiovascular disease," said Kevin M. Goodwin, Sonosite President and CEO. "We believe that the software developed by SonoMetric, when paired with our current and future hand-carried technologies, offers a major opportunity to impact the early stages of cardiovascular disease when treatment is most effective and that this technology can be cost-effectively leveraged throughout the care path, including the patient's physical exam." … [Read more]
Live Presentation Available Via Audio-WebcastBOTHELL, WA, May 5, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that Kevin M. Goodwin, president and CEO of Sonosite, will present at the Deutsche Bank Health Care Conference at 3:00 pm. (EDT) on Wednesday May 5, 2004 at the Renaissance Harborplace Hotel in Baltimore.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]
BOTHELL, WA, June 30, 2004 - Sonosite, Inc. (Nasdaq: SONO), the worldwide leader in high-performance, hand-carried ultrasound, announced today that it has signed a distribution agreement for Japan with Aloka Co., Ltd., a leading Japanese manufacturer and distributor of ultrasound systems. The agreement names Aloka as Sonosite's exclusive distributor for TITAN, the Company's newest generation of high performance, hand-carried ultrasound systems, for all of Japan's clinical ultrasound markets, including cardiology, abdominal, vascular, Ob/gyn and emergency medicine. "This agreement brings together two leaders in ultrasound," said Mr. Yoshihiro Yoshikawa, President, Aloka Co. Ltd. "Hand-carried ultrasound is Japan's most rapidly growing ultrasound market. Aloka is fully committed to optimizing this major opportunity through this strategic alliance with Sonosite and to bringing the finest hand-carried ultrasound available to Japan's medical practitioners." … [Read more]
SEATTLE, WA, July 29, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high-performance, hand-carried ultrasound, and Nippon Sherwood Medical Industries Ltd., Japan's leading manufacturer of central venous catheters (CVCs), announced today that they have signed a two-year distribution agreement for the Japanese vascular access market. Under the terms of the agreement, Nippon Sherwood will become the exclusive distributor of Sonosite's iLook' 25 system for the vascular access market in Japan. Weighing only 3 pounds (1.4kg.), the all-digital iLook 25 system is specifically designed to provide fast, accurate guidance for vascular access. The alliance will leverage Nippon Sherwood's strong distribution channels to deliver the iLook25 system to catheterization labs, surgical suites, critical care units and other point-of-care locations where catheters and lines for vascular access are placed. "We are excited about the growing opportunity for the Sonosite iLook 25 product in Japan," said Seiji Kato, general manager of Sales and Marketing of Nippon Sherwood. "The use of ultrasound guidance for vascular line placement has been shown to improve patient safety and comfort associated with these interventional procedures and is becoming standard medical practice in the United States and United Kingdom. We look forward to working with Sonosite to pioneer this market in Japan and establishing the iLook 25 system as the new standard of care for CVC procedures in this country."… [Read more]
International Revenue increases 81%TITAN Sales Exceed 60% of Worldwide RevenueJapan Distribution Agreement Signed for iLook 25 … [Read more]
BOTHELL, WA - September 17, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that it will present at the UBS Global Life Sciences Conference at the Grand Hyatt Hotel in New York on Wednesday, September 29, 2004 at 10:30 a.m. (EDT). 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 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]
BOTHELL, WA, August 2, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high-performance, hand-carried ultrasound, today announced that, in accordance with Nasdaq Marketplace Rule 4350, a non-officer employee was granted inducement stock options for 15,000 shares of common stock on July 27, 2004. These options were granted pursuant to Nasdaq Marketplace Rule 4350 (i)(1)(A)(iv). Each option has been classified as a non-qualified stock option, has an exercise price equal to the fair market value on the grant date, has a ten-year term, and vests 25% on the one year anniversary of the option grant date with an additional 2.0833% vested each month thereafter, with 100% being vested and exercisable four years from the option grant date.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]
Mediwatch to Distribute Sonosite Products to UK Urology MarketSonosite Technology to be Incorporated into Mediwatch's Prostate Assessment ProductLONDON, September 2, 2004 - Sonosite Inc. (Nasdaq: SONO), the worldwide leader in high performance, hand-carried ultrasound, announced today that Sonosite, Ltd., the Company's United Kingdom (UK) subsidiary, has entered into two distribution and supply agreements with Mediwatch Plc., (LSE:MDW.L) a leading developer, manufacturer and distributor of advanced urological primary care products for the screening, diagnosis and assessment of urological disease and disorders. Under the terms of the first agreement, Mediwatch will become an authorised distributor of Sonosite's hand-carried ultrasound systems for the UK urology market. Pursuant to the second agreement, Sonosite will supply Mediwatch with its TITAN ultrasound technology to be incorporated into Mediwatch's proprietary 'One Stop' Prostate Assessment System, which is currently under development and Mediwatch intends to market worldwide when completed. Mediwatch's 'One Stop' Prostate Assessment System is designed to provide the physician with a complete system for the diagnosis and assessment of prostate health in the clinic and will include imaging, urinalysis and blood testing capabilities. … [Read more]
SEATTLE, September 10, 2004 - The Association for Corporate Growth, Seattle Chapter, announced today that it has awarded the ACG Seattle Regional Emerging Growth Award to Quinton Cardiology Systems, Inc. and Sonosite, Inc. The awards were presented at an ACG Seattle event at the Washington Athletic Club on September 8, 2004. Quinton CEO John Hinson and Sonosite CEO Kevin Goodwin spoke at the event, which was taped and televised on TVW - Washington State's Public Affairs Network.Every year the Association for Corporate Growth (ACG Global) presents the Outstanding Growth Award and the Emerging Company Award to two companies, honoring them for sustained excellence in corporate growth and financial performance. This year, for the very first time, ACG Seattle established a regional award and nominated two firms for the ACG Global Emerging Company Award.This award recognized companies for superior growth for at least the last three years, and is awarded to qualifying companies with revenues under $500 million in the most recent fiscal year.… [Read more]
US and Canada's Space Agencies Testing Medical Technology in Undersea Mission Harsh Conditions Simulate SpaceBOTHELL, WA and TORONTO - October 14, 2004 - Sonosite, (Nasdaq:SONO) the world's leader in hand-carried ultrasound, said today that TITAN, the company's compact, high performance system, will take part in a 10-day underwater experiment with NASA Extreme Environment Mission Operations (NEEMO) 7 Mission. Aquanauts will use the laptop-sized ultrasound system to scan each other in simulated emergency situations and transmit live images to St. Joseph's Healthcare in Hamilton, Ontario for review by radiologists. The NEEMO 7 mission to be conducted October 11-21, 2004 is a joint project involving the National Aeronautics and Space Administration (NASA), the Canadian Space Agency (CSA) and the Centre for Minimal Access Surgery (CMAS) at McMaster University of Hamilton, Ontario. The mission aims to demonstrate and evaluate a variety of medical diagnostic and therapeutic technologies to enhance the delivery of state-of-the-art medical care in remote and harsh environments. The experiments will take place off the coast of Key Largo, Fla, 19 meters below the surface of the sea in an underwater habitat called Aquarius. The extreme hostile environment is analogous to human space flight and has been used by NASA in the training of space station astronauts since 2001. … [Read more]
SEATTLE, WA - September 29, 2004 - Sonosite, Inc. (Nasdaq: SONO), the worldwide leader in hand-carried ultrasound technology, joined today with leading medical societies in speaking out against the non-medical practice of "keepsake ultrasounds." "The AIUM and other medical societies have been very concerned that so called "entertainment or keepsake sonograms" performed outside a diagnostic facility with no medical supervision represent an inappropriate use of ultrasound technology and are contrary to responsible medical practice," said Lewis H. Nelson, III, MD, RDMS, president of the American Institute of Ultrasound in Medicine (AIUM). "We commend Sonosite for its support in discouraging the improper use of ultrasound technology." The AIUM is a leading accrediting body for medical ultrasound facilities and laboratories. The multidisciplinary organization represents over 9,000 medical professionals utilizing diagnostic ultrasound including radiologists, cardiologists, interventionalists, surgeons, vascular specialists, OB/Gyns, sonographers and scientists. Other medical societies expressing concern about the commercial, non-medical use of ultrasound are the American College of Obstetricians and Gynecologists (ACOG), the American College of Radiology (ACR) and the Society of Diagnostic Medical Sonography (SDMS). … [Read more]
Worldwide Quarterly Revenue Increases 44% Over Prior YearCompany Reports $0.09 EPSConference Call Today at 1:30 pm PT/4:30 ETBOTHELL, WA - October 28, 2004 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today reported financial results for the quarter ended September 30, 2004. Worldwide revenue in the third quarter of 2004 grew 44% to $29.1 million compared with $20.2 million in the third quarter of 2003. For the first nine months of 2004, the Company's total revenue grew 37% to $78.7 million compared with $57.5 million for the same period of the prior year. Year-over-year, changes in foreign currency rates increased the revenue growth rate by two percentage points for the third quarter and three percentage points for the first nine months of this year. Sonosite reported net income of $1.4 million, or $0.09 per diluted share, for the third quarter of 2004, compared with a net loss of $161,000, or $0.01 per share, in the third quarter of 2003. Year-to-date, Sonosite reported a net loss of $49,000, or breakeven on a per share basis, compared with a net loss of $4.0 million, or $0.28 per share, for the first nine months of 2003. … [Read more]
Conference Call Accessible Via Live WebcastBOTHELL, WA - October 18, 2004 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced that the Company will report its third quarter financial results on Thursday, October 28, 2004 at the close of market and hold a conference call at 1:30 pm PDT/4:30 pm EDT to discuss its third quarter performance, outlook for the rest of 2004 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 28, 2004, 4:30 pm (PDT) until November 12, 2004, 12:00 midnight (PDT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code of 981261 is required to access the replay. The call will be also archived on Sonosite's website at http://ir.sonosite.com. About Sonosite… [Read more]
Sonosite Introduces Technology for Early Risk Assessment of Cardiovascular DiseaseSoftware Detects Thickened Arterial Walls and Enables Doctors to Treat Patients at the Point of Care With More ConfidenceNEW ORLEANS, November 9, 2004 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today introduced SonoCalc IMT software, which allows physicians to effectively measure the intima-media thickness (IMT) of the carotid arteries and assess a patient's risk of cardiovascular disease early. The company made the announcement at the American Heart Association (AHA) Scientific Sessions 2004 in New Orleans, at which there are a number of clinical presentations addressing the benefits of IMT measurement for cardiovascular disease.Twenty years of clinical research has shown that the arterial wall lining or IMT of the carotid arteries becomes thickened years before plaque develops within the vessel. This increased wall thickness is associated with an increased risk of cardiovascular disease, the leading cause of mortality and disability in the United States today.… [Read more]
Sonosite Announces Fourth Major Upgrade for TITAN System at Leading Radiological Society Annual Meet
New Capabilities Added for Interventional Procedures and General ImagingWorldwide TITAN Installed Base Over 2,500… [Read more]
BOTHELL, WA - October 27, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that it will present at the RBC Dain Rauscher Client Conference at the Seattle Sheraton on Thursday, November 4, 2004 at 08:35 am (PST). 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 one hour following the live presentation and will be available for 30 days. 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]
Sonosite Begins Customer Shipments of IMT Software for Early Risk Assessment of Cardiovascular Disea
Ultrasound-Based Software Allows Physicians to Measure Thickened Arterial WallsBOTHELL, WASH., December 29, 2004 €“ Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, said today that it has begun customer shipments of the SonoCalc IMT„¢ software, which allows physicians to quickly and effectively measure the wall thickness (IMT) of the common carotid arteries and assess a patient's risk of cardiovascular disease. Used in conjunction with the TITAN system - Sonosite's high-resolution, hand-carried ultrasound technology - the SonoCalc„¢ IMT software enables physicians to identify disease at an early stage and to manage it more effectively. The software, which is PC-based, works with digital images downloaded from the TITAN system. "The start of customer shipments of SonoCalc„¢ IMT signals the beginning of our move into what we believe is an emerging and potentially large preventive cardiology market," said Kevin M. Goodwin, president and CEO of Sonosite, Inc. "This technology offers physicians a low-cost and non-invasive means to identify cardiovascular disease early when it is both treatable and reversible.… [Read more]
BOTHELL, WASH., January 6, 2005 €“ Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced that it will present at the 23rd JPMorgan Healthcare Conference at the Westin St Francis in San Francisco on Thursday, January 13, 2005 at 1:30 pm (PST). 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]