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.
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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 Centre 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 Centre 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 Centre 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.
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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.
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BOTHELL, WA - June 5, 2007 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced that Kevin M. Goodwin, President and CEO will present at Goldman Sachs 28th Annual Global Healthcare Conference being held from June 11-14, 2007 at the Ritz Carlton in Laguna Nigel, California. Mr. Goodwin's presentation will be webcast live on June 12th from 8:05 - 8:35 am Pacific Daylight Time. An audio webcast of the investor presentation can be accessed via the "Investors" Section of Sonosite's website at www.sonosite.com. The webcast will be available beginning June 12, 2007 and remain posted for 30 days.
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 approximately 550 people worldwide.… [Read more]
BOTHELL, WA - February 21, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced it has filed a patent infringement lawsuit against Zonare Medical Systems, Inc. in the US District Court for the Central District of California Southern Division. In its complaint, Sonosite asserts that Zonare has infringed Sonosite's U.S. Patent No. 5,722,412 (the '412 Patent) through its sales of its z.one ultrasound platform. Sonosite's '412 patent covers a portable ultrasound system weighing less than ten pounds. The complaint seeks unspecified monetary damages and a court injunction against future infringement by Zonare.
"The company's technology covered by the '412 patent is one of our core assets in the innovation and creation of the hand-carried ultrasound market that we have founded and led since 1999," said Kevin M. Goodwin, Sonosite President and CEO. "After thoroughly examining the issues, we were convinced that we had to move aggressively to protect and enforce our intellectual property.
About Sonosite… [Read more]
ndependent survey shows that 4 out of 5 customers are "very or completely satisfied" with their Sonosite products BOTHELL, WA - April 30, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, said that an independently conducted, random survey of U.S. Sonosite customers showed that 97% are highly satisfied overall with their systems. The statistically significant survey is the fourth commissioned by Sonosite since January 2005 to show similarly high approval ratings. To participate in the survey, respondents were required to be involved in the day-to-day operation or usage of the Sonosite products and not just involved in the acquisition decision.
A commanding majority of respondents said that Sonosite products were above or exceeded their expectations for image quality, reliability, durability, ergonomic design of transducers and ease of use and that they would recommend their Sonosite product to colleagues. Most customers say they would be "very likely" to acquire additional Sonosite products. Over 60 percent of survey participants were physicians and owned Sonosite MicroMaxx systems. Verispan, an independent health care information research firm conducted the company-commissioned survey.
About Sonosite… [Read more]
Conference Call Accessible Via Live Webcast BOTHELL, WA - January 30, 2007 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, said the company will report its fourth quarter and full year 2006 financial results on Thursday, February 15, 2007 at the close of market and hold a conference call at 1:30 pm PT / 4:30 pm ET. The company announced preliminary fourth quarter revenue results on January 8, 2007. 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 February 15, 2007 at 4:30 pm (PT) until March 01, 2007, at 12:00 midnight (PT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code, 4198625, 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]
Upgrade includes significant wireless connectivity enhancements and new transducer features for multiple clinical applications
BOTHELL, WA - November 26, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that it has introduced a new high frequency transducer, powerful enhancements for wireless connectivity and security, and additional capabilities that further add to the MicroMaxx system's performance in ultra-portable examinations throughout the hospital. Current customers can upgrade existing MicroMaxx systems to the new capabilities via compact flash cards. Sonosite plans to begin customer shipments in December.… [Read more]
Conference Call Today on Q4 and 2006 Results at 1:30 PT/4:30ET
BOTHELL, WA - February 15, 2007 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced financial results for the fourth quarter and full year ended December 31, 2006.
As the company previously announced on January 8, 2007, worldwide revenue in the fourth quarter of 2006 grew 20% to $54.4 million compared with $45.2 million in the fourth quarter of 2005. For the full year of 2006, worldwide revenue grew 16% to $171.1 million compared with $147.5 million for 2005.
Sonosite reported net income of $5.8 million or $0.34 per diluted share for the fourth quarter of 2006 compared with net income of $5.3 million or $0.32 per diluted share in the fourth quarter of 2005. For the full year of 2006, Sonosite reported net income of $7.2 million or $0.43 per diluted share compared with net income of $5.4 million or $0.34 per diluted share in the comparable period of the prior year. Results for both the fourth quarter and full year of 2006 were impacted by an increase in stock-based compensation expense of $1.4 million for the quarter and $6.9 million for the year. This impact was partially offset by a lower tax rate resulting from a benefit in the fourth quarter attributable to the reversal of the valuation allowance for international deferred tax assets.
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BOTHELL, WA - May 18, 2007 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced that the company will present at the Citigroup 2007 Healthcare Conference being held at the Hilton Hotel in New York City from May 22-24, 2007.
Kevin Goodwin, President and CEO, will give a presentation which will be webcast live on May 23 from 2:00 - 2:25 pm Eastern Daylight Time.
An audio webcast of the investor presentation can be accessed via the "Investors" Section of Sonosite's website at www.sonosite.com. The webcast will be available beginning May 23, 2007 and will remain posted for 30 days.
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 approximately 550 people worldwide.… [Read more]
BOTHELL, WA - March 13, 2007 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced that the company will present at the Washington Biotechnology and Biomedical Association (WBBA) 2007 Invest Northwest CEO and Investor Forum being held at the Bell Harbour Conference Centre in Seattle from March 20 - 21.
Kevin Goodwin, President and CEO, will participate in the panel, "The Imageing Industry in the Northwest and Beyond," on March 21 from 10:15 - 11:10 am. Anne Bugge, Vice President, Corporate Affairs will present during the Investor Forum on March 20 from
2:00 - 2:20 pm.
An audio webcast of the investor presentation can be accessed via the "Investors" Section of Sonosite's website at ir.sonosite.com. The webcast will be available beginning March 21, 2007 and will remain posted for 30 days.
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 approximately 550 people worldwide.… [Read more]
Live Webcast Available
BOTHELL, WA - June 8, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced that Kevin Goodwin, President & CEO, will present at the Pacific Growth Equities 2006 Life Sciences Growth Conference at the InterContinental Mark Hopkins Hotel in San Francisco on Monday, June 12, 2006 at 1:30 pm (PT).
A link to the audio-only webcast will be available at http://ir.sonosite.com, beginning June 12, 2006 at 1:30 pm (PT) and ending September 12, 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]
Siemens to distribute Sonosite hand-carried systems in world's third largest ultrasound market
BOTHELL, WA and ERLANGEN, GERMANY - April 21, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, announced today that the company has signed an agreement with Siemens Medical Solutions for the German ultrasound market. Under the terms of the agreement, Siemens will market and distribute Sonosite's MicroMaxx and TITAN systems into Germany's general imaging and point-of-care hospital markets.
"We are honored that Siemens, a preeminent technology and global market leader in medical imaging, has selected Sonosite as its partner for hand-carried ultrasound in Germany," said Dieter Schwartmann, Sonosite Vice President, Europe. "We believe that working together will create and expand opportunities for both companies as well as accelerate the adoption of hand-carried ultrasound in this strategically important market."
"The Sonosite systems are a good complement to the Siemens ultrasound product line," said Klaus Hambuechen, President of the Siemens Medical Solutions Ultrasound Division. "Siemens can now respond to the very special needs of care in mobile ultrasound."
About Sonosite, Inc.… [Read more]
Hand-Carried Ultrasound Available to Conduct FAST Exams at the Formula 1 Race Track
BOTHELL, WA - June 19, 2006 - Sonosite Inc. (Nasdaq:SONO) the world leader in hand-carried ultrasound, said today that Dr. Jean-Marc Chauny, an emergency room physician at Hopital du Sacre-Coeur de Montreal, will use Sonosite's MicroMaxx system, the company's high performance hand-carried ultrasound system, at the Canada 2006 Grand Prix Formula 1 race in Montreal on June 23-25. Dr. Chauny directs the trauma team at the on-site medical center, which will use the MicroMaxx to evaluate trauma and make the critical, time-sensitive decisions necessary to deliver swift and appropriate medial care.
Dr. Chauny has staffed the trauma team at the Canada Grand Prix medical center for more than 20 years. Each June, Sacre-Coeur assembles a team of 100 doctors, nurses and other medical professionals to treat drivers, track staff and the 100,000 spectators that attend the race. The track clinic features the same equipment as the Level 1 trauma room in his emergency department and is located just 15 meters from the track. If a participant suffers a traumatic injury, the team can examine, stabilize, and if necessary, transport the patient to the hospital via helicopter in less than seven minutes.
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Leading Health Care Group Purchasing Organization Adds State-of-Art,Hand-Carried Ultrasound Systems to its National Contract Portfolio
BOTHELL, WA - March 27, 2006 - Sonosite, Inc. (Nasdaq:SONO), the world leader in hand-carried ultrasound, today announced it has signed a new three-year, group purchasing agreement with Premier Purchasing Partners, LP for hand-carried ultrasound equipment, accessories and service. Premier Inc. is a strategic healthcare alliance entirely owned by more than 200 of the nation's leading not-for profit hospital and healthcare systems. These organizations operate or are affiliated with nearly 1,400 hospital facilities and 37,000 other care sites.
"Sonosite has had a long-standing relationship with Premier and we are pleased to again be selected as a provider of hand-carried ultrasound systems across the broad spectrum of clinical applications," said Kevin M. Goodwin, Sonosite President and CEO. "Our aim is to help clinicians in the Premier system deliver the highest quality care by designing ultrasound systems that can provide immediate answers and procedural guidance at the point of patient care."
… [Read more]