BOTHELL, WA - October 5, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth during a five-year span from 2000-2004. \
\"Since its inception in 1998, Sonosite has been the leader in designing, manufacturing and marketing hand-carried ultrasound systems for medical specialists across the clinical spectrum," said Kevin M.Goodwin, Sonosite President and CEO. "Our portfolio of hand-carried ultrasound systems provides medical professionals with the high-quality image they need to deliver rapid and appropriate care wherever the patient may be.
"Our newest product, the MicroMaxx system, represents the crossover point between hand-carried and cart based ultrasound systems. Its unique microchip technology, small footprint, high image quality and ruggedness together represent the spirit of creativity and innovation at Sonosite that I believe has driven our growth and earned the company its place on the Deloitte Fast 50."… [Read more]
Palo Alto, Calif. - November 10, 2005 - Palo Alto, Calif. - November 10, 2005 - Frost & Sullivan selected Sonosite, Inc. as the recipient of the 2005 Medical Imaging Fastest Growing Company of the Year Award for its success in the U.S. medical imaging markets in 2004. Sonosite (Nasdaq:SONO) has received this Award for generating the highest percentage revenue growth while operating at a profit in the imaging market with more than 35 competing public companies. Each year Frost & Sullivan presents this Award to a company that has exhibited the highest percentage revenue growth in the market while maintaining profitability.
The Award signifies the company's commitment to developing and marketing technologically advanced products in the market being studied. Additionally, the Award highlights the key attributes of the company that were instrumental to its success. In 2004, Sonosite increased its revenue by 36.6 percent and is recognized in the financial community as one of the fastest growing technology companies in the United States with high sustained revenue growth over the five-year period from 2000 to 2004.… [Read more]
Upgrade includes new transducers for pediatric cardiology and CW Doppler
DALLAS - November 13, 2005 - Sonosite, Inc. (NASDAQ: SONO), the world leader in hand-carried ultrasound, announced today the addition of new cardiology transducers and other imaging enhancements for its recently introduced, third generation product, the MicroMaxx' system. Existing MicroMaxx systems are compatible with the new capabilities. The company made the announcement at the 2005 American Heart Association (AHA) Scientific Sessions in Dallas. The MicroMaxx system, the size of a notebook and weighing less than eight pounds, delivers image resolution and performance comparable to costly, conventional cart-based ultrasound systems weighing over 200 pounds.… [Read more]
Company Achieves Full Year Profitability Prior to Tax Benefit International Sales Up 52% and U.S. Sales Up 24% in the Fourth Quarter Conference Call Today at 1:30 pm PST/4:30 pm EST BOTHELL, WA, February 15, 2005 €“ Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today reported record financial results for the quarter and year ended December 31, 2004. Worldwide revenue in the fourth quarter of 2004 grew 36% to $37.1 million compared with $27.3 million in the fourth quarter of 2003. For the full year of 2004, the Company's total revenue grew 37% to $115.8 million compared with $84.8 million in the prior year. Year-over-year, changes in foreign currency rates increased the revenue growth rate by three percentage points for the fourth quarter and for the year.
In the fourth quarter of 2004, Sonosite achieved pre-tax income of approximately $3.5 million. In the fourth quarter of 2004, the Company recorded a one-time, non-cash tax benefit resulting from the reversal of the valuation allowance for US deferred taxes. Including the total tax benefit of $19.5 million, or $1.21 per diluted share, Sonosite reported net income in the fourth quarter of $23.0 million, or $1.42 per diluted share, compared with net income of approximately $2.2 million, or $0.15 per diluted share, in the fourth quarter of 2003.… [Read more]
First-ever, All-digital Three-pound Ultrasound Tools Win The "Best of What's New" Award and Continue To Drive The "Visual Medicine" Trend
BOTHELL, WA, November 8, 2002 - Popular Science today recognized iLook, the world's smallest ultrasound series, as one of its top 10 medical technology advances for 2002 in its "Best of What's New" December 2002 issue. iLook is the world's first-ever, all-digital three-pound ultrasound tool and was recently launched by Sonosite, the creator and leader of the hand-carried ultrasound market.… [Read more]
A new dimension of diagnostic information: Strain analysis feature of Vevo® 2100 high-frequency ultrasound system enables highly sensitive and rapid measurement of global (whole heart) and regional (specific heart areas) cardiac function.
TORONTO, Canada - April 14, 2011 - VisualSonics Inc., a leader in real time, in vivo, high-resolution micro-imaging systems and a wholly-owned subsidiary of Sonosite Inc., announced today that its VevoStrain™ technology has been featured on the cover of the April 15, 2011 issue of Circulation Research, Journal of the American Heart Association.… [Read more]
Conference Call Accessible Via Live WebcastBOTHELL, WA, April 16, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high-performance, hand-carried ultrasound, today announced that the Company will report its first quarter financial results on Thursday, April 29, 2004 at the close of market and hold a conference call at 1:30 pm PDT/4:30 pm EDT to discuss its first quarter performance, outlook for 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 April 29, 2004, 4:30 pm (PDT) until May 10, 2004, 12:00 midnight (PDT) by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 398334 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]
The Hand-carried Ultrasound Category Created By Sonosite Reaches Another Milestone In Just Over Three Years
BOTHELL, WA, February 3, 2003 - Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, announced today that the 10,000th Sonosite system has been delivered. This milestone has been met just 39 months after the company shipped its first 5.4 pound, all-digital, hand-carried ultrasound - the Sonosite 180 system.
Sonosite's 10,000th system, the Sonosite 180PLUS, was delivered to Vanderbilt University Medical Center in Nashville, Tennessee for use in the Intensive Care Unit (ICU). Currently, Vanderbilt has five Sonosite hand-carried ultrasound systems throughout its health care facility, specifically in the interventional radiology, radiology, emergency medicine, and ICU departments.… [Read more]
Company Begins to Regain Momentum in JapanWorldwide Sales and Marketing Executive Team StrengthenedBOTHELL, WA, April 29, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced increased revenue and a reduced loss for the first quarter ended March 31, 2004 as compared with the first quarter of 2003. Worldwide revenue in the first quarter of 2004 grew 37% to $23.5 million compared to $17.2 million in the first quarter of 2003. The Company reported a net loss of $1.4 million or $0.10 per share for the quarter compared to a net loss of $2.6 million or $0.18 per share in the first quarter of 2003. As of March 31, 2004, cash, cash equivalents and investments grew to $64.1 million. The Company generated cash from operations of $2.8 million. … [Read more]
Conference Call Accessible Via Live WebcastBOTHELL, WA, July 16, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high-performance, hand-carried ultrasound, today announced that the Company will report its second quarter financial results on Thursday, July 29, 2004 at the close of market and hold a conference call at 1:30 pm PDT/4:30 pm EDT to discuss its second quarter performance, outlook for 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 July 29, 2004, 4:30 pm (PDT) until August 13, 2004, 12:00 midnight (PDT) by dialing (719) 457 0820 or toll-free (888) 203 1112. The confirmation code (589270) 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]
Upgrade Provides Complete Capabilities for Echo Studies;Addresses $460 Million International Shared Services Market… [Read more]
Revenues Increase 33.6 Percent Worldwide and Gross Margins Rise for the Ninth Consecutive Quarter to 62.9 Percent
BOTHELL, WA, April 30, 2003 - Sonosite, Inc. (Nasdaq: SONO), the leader in point-of-care ultrasound, today released financial results for the first quarter ended March 31, 2003. In comparison to the first quarter of 2002, Sonosite reported a solid increase in revenues and increasing gross margins. Along with these financial results, in early April the Company launched its newest product, the TITAN high-resolution modular ultrasound system.
For the quarter, Sonosite reported revenues of $17.2 million compared to $12.8 million for the first quarter of 2002, an increase of 33.6 percent. Sonosite reported a net loss of $2.6 million, or $0.18 per share, for the quarter. This compared to a net loss of $3.7 million, or $0.32 per share for the comparable quarter in the prior year.
Gross margins increased for the ninth consecutive quarter to 62.9 percent, compared to 58.0 percent in the first quarter of 2002, and 60.3 percent in the fourth quarter of 2002. Gross margins rose as a result of a stronger mix from direct sales and advanced product configurations. As of March 31, 2003, cash, cash equivalents and investment securities totaled $64.9 million.… [Read more]
Fourth Quarter revenue increases to $27.3 millionFourth quarter profitability grows to $2.2 million or $0.15/shareSubsidiaries to open in Japan, Australia and CanadaBOTHELL, WA, February 12, 2004 - Sonosite, Inc. (Nasdaq: SONO), the leader in high performance, hand-carried ultrasound, today announced increased revenue, gross margin and net income for the fourth quarter ended December 31, 2003 as compared with the fourth quarter of 2002.Revenue in the fourth quarter of 2003 grew to $27.3 million, a 9 percent increase over the fourth quarter of 2002. For the full year 2003, revenue increased 16 percent to $84.8 million compared with $73.0 million in 2002.The Company reported that net income increased 158 percent to $2.2 million or $0.15 per share for the fourth quarter of 2003 compared with $0.9 million or $0.06 per share in the prior year quarter. For the full year 2003, Sonosite reported a net loss of $1.8 million or $0.12 per share versus a net loss of $7.7 million or $0.59 per share for 2002. As of December 31, 2003, cash, cash equivalents and investments totaled $61.0 million.… [Read more]
Conference Call Accessible Via Live WebcastBOTHELL, January 28, 2004 - Sonosite, Inc. (NASDAQ: SONO) today announced that the Company will report its fourth quarter and 2003 year-end financial results on Thursday, February 12, 2004 after the market close. Sonosite's management team will host a conference call on Thursday, February 12, 2004 at 1:30 pm (PST)/4:30 pm (EST) to discuss the Company's fourth quarter and year-end results. 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 12, 2004, 4:30 pm (PST) until February 26, 2004, 12:00 midnight (PST) by dialing (719) 457 0820 or toll-free (888) 203 1112. The confirmation code 461061 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]
BOTHELL, January 28, 2004 - Sonosite, Inc. (NASDAQ: SONO), the leader in high-performance, hand-carried ultrasound technology, today announced the appointment of Robert G. Hauser, M.D., F.A.C.C., president, Cardiovascular Services Division of Abbot Northwestern Hospital, to its board of directors."We are delighted that Dr. Hauser, a prominent cardiologist and accomplished executive, has joined our board," said Kevin M. Goodwin, president and CEO of Sonosite. "Dr. Hauser's broad business experience and expertise in cardiovascular medicine will play a crucial role in advising the company on growth strategies as we extend our technology and sales efforts further into key markets."In addition to his position as president of the Cardiovascular Services Division at Abbot Northwestern, Dr. Hauser, 64, is a senior consulting cardiologist at the Minneapolis Heart Institute. He was formerly the director of Pacemaker Surveillance Clinic, Minneapolis Heart Institute and served as president of the Minneapolis Heart Institute. Prior to that, Dr. Hauser served as chief executive officer of Minneapolis Cardiology Associates. He also served as president and chief executive officer of Cardiac Pacemakers, Inc. from 1988 to 1991, and continued as its Chairman and CEO until 1992 following its acquisition by Guidant.… [Read more]
Conference Call Accessible Via Live WebcastBOTHELL, WA, February 3, 2005 €“ Sonosite, Inc. (Nasdaq: SONO) today announced that the Company will report its fourth quarter and 2004 year-end financial results on Tuesday, February 15, 2005 after the market close. Sonosite's management team will host a conference call on Tuesday, February 15, 2005 at 1:30 pm (PST)/4:30 pm (EST) to discuss the Company's fourth quarter and year-end results. 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, 2005, 4:30 pm (PST) until February 28, 2005, 12:00 midnight (PST) by dialing (719) 457 0820 or toll-free (888) 203 1112. The confirmation code 5110974 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]
BOTHELL, WA, February 15, 2005 €“ Sonosite, Inc. (Nasdaq: SONO), the world leader in hand-carried ultrasound, today announced the appointments of Anne M. Bugge as Vice President, Corporate Affairs and John M. Lowell, Vice President, Operations.
Ms. Bugge will have responsibility for developing and managing Sonosite's investor and corporate communications worldwide and will report to Kevin M. Goodwin, Sonosite President and CEO. Ms. Bugge served as Vice President, Corporate and Investor Relations for ATL Ultrasound, Inc. and its predecessor company, Westmark International, Inc. from 1987 until its acquisition by Philips Medical Systems in 1998. Most recently, Ms. Bugge worked with the EVC Group, an investor and corporate communications firm specializing in advising small cap companies. Ms. Bugge received a BA in journalism from Michigan State University, continued academic studies at the University of Oslo and completed the Stanford University Executive Program.
As Vice President, Operations, Mr. Lowell's primary responsibilities will focus on directing manufacturing operations, supplier management and information technology functions at Sonosite and will report to Bradley G. Garrett, Sonosite's Chief Operating Officer. Mr. Lowell has an extensive background in engineering and operations management in the high technology field. Mr.… [Read more]