Handheld-ultrasound developer SonoSite reported third-quarter revenues of $18.5 million, up 55% from the $11.9 million posted in the same period last year. For the quarter (end-September 30), the Bothell, WA-based vendor had a net loss of $2.4 million, compared with a net loss of $2.3 million in the third quarter a year ago.
SonoSite is in position to pursue its first quarterly profit in the fourth quarter, said president and CEO Kevin Goodwin. The company expects to be profitable for 2003.By AuntMinnie.com staff writers
October 24, 2002
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