Compact-ultrasound developer SonoSite expects revenues in the first quarter of 2008 (end-March 30) to increase 22%, to more than $52 million compared to the first quarter of 2007.
The Bothell, WA, company credited increases in foreign currency rates for an approximately 4% gain in worldwide revenues.
SonoSite also expects to post a profit, despite a one-time first-quarter charge of approximately $600,000. The charge is related to the integration of the company's former MarketBridge physician office channel and the elimination of overhead within its selling, general, and administrative expenses structure.
The first-quarter financial report also marks SonoSite's 10th year as a public company since breaking away from the former ATL Ultrasound on April 6, 1998. Detailed financial results are due for release on April 28.
Related Reading
SonoSite launches two new products, February 22, 2008
SonoSite sales grow, but profit slips, February 15, 2008
SonoSite expects higher Q4 sales, January 7, 2008
SonoSite begins shipping S Series, December 17, 2007
SonoSite debuts S-Cath, October 30, 2007
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