Revenues from its newly acquired CardioDynamics unit contributed to an 8% increase in revenue for compact-ultrasound developer SonoSite in its first quarter.
For the period (end-March 31), the Bothell, WA-based vendor had revenues of $56 million, up from the $51.8 million booked in the first quarter of 2009. The firm had net income of $1.4 million, compared with net income of $900,000 a year ago.
Excluding CardioDynamics, SonoSite would have posted a 2% increase in revenue. In encouraging news, SonoSite's U.S. hospital channel generated 12% revenue growth, according to the firm.
Also, 20 of 25 revenue regions achieved or exceeded forecast, the company said.
Related Reading
SonoSite inks deal with UltraLinq, March 25, 2010
SonoSite completes stock buyback, February 25, 2010
SonoSite plans stock buyback, January 11, 2010
SonoSite posts slide in 2009 revenue, January 6, 2010
SonoSite expands iPhone app, November 10, 2009
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