Strong gains in international revenue helped propel compact-ultrasound technology developer SonoSite to a 23% increase in first-quarter revenue for 2008.
For the period (end-March 31), the Bothell, WA-based firm had revenues of $52.5 million, compared with $42.8 million in 2007. SonoSite had net income of $1.2 million during the first quarter, compared with a net loss of $563,000 last year.
In other quarterly highlights, international revenue grew 32%, while U.S. revenue was up 12%. SonoSite said that U.S. hospital revenue climbed 16% and office revenue increased by 33%. The company's overall U.S. growth rate was offset by an expected 17% decline in U.S. enterprise revenue.
Related Reading
SonoSite previews profitable Q1, April 9, 2008
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
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