Northwest Medical Device & Biotechnology Forum and UBS Global Life Sciences Conference BOTHELL, WA - September 14, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, today announced that Mike Schuh, Chief Financial Officer, and Anne Bugge, Vice President of Corporate Affairs, will present at the Northwest Medical Device & Biotechnology Investor Forum at 10:00 a.m.
(ET) on Tuesday, September 20, 2005 at the Harvard Club of New York City. The forum is hosted by Delafield Hambrecht and WBBA. Sonosite also announced that Kevin M. Goodwin, President and CEO, will present at the 2005 UBS Global Life Sciences Conference at 12:30 p.m. (ET) on Wednesday, September 28 at the Grand Hyatt Hotel in New York City. Investors can access an audio-webcast of Mr. Goodwin's presentation on Sonosite's website. The webcast will be available beginning September 28, 2005, until 3:30 p.m. (ET) October 29, 2005.
About Sonosite
Headquartered near Seattle, Washington, Sonosite (www.sonosite.com) is represented by seven 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 450 people worldwide.… [Read more]
Presentation to be webcast BOTHELL, WA - November 2, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, today announced that Kevin M. Goodwin, President and CEO, will present at the 2005 RBC Dain Rauscher Northwest Investor Conference.
The conference will be held in Seattle at the Bell Harbor International Conference Center on Wednesday, November 9, 2005. Mr. Goodwin will present at 9:55 a.m. Investors can access an audio-webcast of Mr. Goodwin's presentation on Sonosite's website http://www.sonosite.com/webcast.html. The webcast will be available beginning November 9, 2005, until 3:30 p.m. (ET) December 10, 2005.
About Sonosite
Sonosite, 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 network in over 75 countries. Approximately half of the company's revenues are generated from international markets. 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 470 people worldwide. … [Read more]
Ultrasound study to assess Carotid Intima Media Thickness in an office setting 525 patients to be enrolled at seven medical centers DALLAS - November 13, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, announced today at the 2005 American Heart Association (AHA) Scientific Sessions that it is initiating a multi-center study to determine whether the addition of an ultrasound examination evaluating carotid artery wall thickness (CIMT), performed in the office setting, will provide a more effective tool for risk assessment and prevention of cardiovascular disease than current clinical methods alone.
Over 20 years of clinical research has shown that the thickness (T) of the two innermost layers of the carotid artery wall, the intima (I) and media (M), begins to increase before plaque is evident 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.
"IMT addresses the need to identify those patients who are asymptomatic or have limited risk factors, such as moderately elevated cholesterol levels, who may be at greater than apparent risk for a cardiovascular event," explains James H. Stein, MD, Associate Professor, University of Wisconsin Medical School. Dr. Stein is the Director of the University of Wisconsin Atherosclerosis Imaging Research Program and principal investigator of the study.… [Read more]
Accomplished Ultrasound Executive Brings 30 years of Industry Experience Bothell, WA - November 17, 2005, Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced the appointment of Dieter Schwartmann as Vice President of Europe and Acting Manager of Sonosite GmbH, the company's wholly-owned German subsidiary, effective December 1, 2005. Mr. Schwartmann brings 30 years of experience in the medical ultrasound and technology industry including serving as Vice President of Europe for ATL Ultrasound, Inc., now part of Philips Medical Systems. Under his leadership, sales for ATL Europe doubled in the period between 1995-2000.
From April of 2001 until May of 2004, Mr. Schwartmann was Vice President of the ultrasound business line of Philips Medical Systems with responsibility for Europe, the Middle East and Africa. He also served as a member of the Steering Committee overseeing the integration of Philips Medical Systems' acquisition of ATL Ultrasound and Agilent Technologies Healthcare Solutions Group Imaging Systems. Mr. Schwartmann joined ATL Ultrasound in 1990 as a Country Manager responsible for Germany, Eastern Europe and Russia. Most recently, Mr. Schwartmann was Vice President and board member of Aloka Holding Europe AG, a leading Japanese ultrasound manufacturer and distributor.… [Read more]
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]