Compact-ultrasound developer SonoSite said it expects to post record revenue and operating income in 2008, thanks to strong sales of its M-Turbo and S Series product lines.
Based on preliminary results for its fourth quarter (end-December 31), the Bothell, WA-based firm is expecting 2008 revenues to climb 18% to reach $243 million. Fourth-quarter revenue is projected to be approximately $70 million, up 19% compared with the fourth quarter of 2008.
President and CEO Kevin Goodwin said that the company is planning for 2009 revenue growth of 5% to 10% at current exchange rates, with relatively flat revenue growth in the first three quarters. Operating income is expected to increase 10% to 20% in 2009.
In other SonoSite news, the company has introduced S-Women's Health, an ultrasound tool for its S Series product line. Targeted at women's health clinicians, S-Women's Health employs only depth and gain controls, eliminating buttons, dials, and menus from the interface, according to the vendor. It also incorporates SonoSite's SonoHD, SonoMB, and SonoAdapt technologies.
Related Reading
SonoSite launches S-GYN system, December 2, 2008
SonoSite debuts vascular imaging system, November 21, 2008
SonoSite buys back debt, October 31, 2008
SonoSite adds to M-Turbo, October 27, 2008
SonoSite posts Q3 solid revenue increases, October 23, 2008
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