SonoSite boosts revenues in Q3

AuntMinnie.com staff writers
Oct 21, 2010

Compact-ultrasound developer SonoSite of Bothell, WA, posted higher revenues in the company's third quarter and swung into the black for the period.

For the quarter (end-September 30), SonoSite posted a revenue increase of 28% to $68.5 million in the third quarter of 2010, compared with revenue of $53.6 million in the third quarter of 2009. Net income was $942,000, compared with a loss of $241,000 in the same period a year ago.

For the nine months ending in September, revenue was $186.1 million, up 18% from 2009's $157.7 million in the same period. Both third-quarter and nine-month revenues were bolstered by SonoSite's recent acquisition of VisualSonics, the company said.

Related Reading

SonoSite nets NBA contract, October 21, 2010

FDA clears SonoSite's LumenVu, August 27, 2010

SonoSite, UCI ink education deal, August 12, 2010

SonoSite CFO Schuh to retire, August 11, 2010

SonoSite posts revenue, earnings gains, July 27, 2010

Copyright © 2010 AuntMinnie.com

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