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 Specialised Ultrasound Visualisation 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™ visualisation tool, a specialised ultrasound device designed to meet the specific point-of-care imaging and procedural guidance needs of interventional radiologists and cardiologists. With its user-centreed 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]
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]