Ultrasound developer SonoSite saw increasing sales in its second quarter (end-June 30), but the company's net loss grew, primarily due to higher sales and marketing costs.
The Bothell, WA-based firm posted revenues of $10.3 million, up 13% from revenues of $9.1 million in the same quarter last year. SonoSite's net loss grew to $5 million, compared with a net loss of $2.9 million in same period of 2000. SonoSite's marketing expenses grew to $5.5 million in the quarter, compared with $3.6 million in the same period the year before.
SonoSite president Kevin Goodwin said the quarter's highlights included the successful introduction of the 180Plus and SonoHeart Plus handheld ultrasound systems. Direct sales are up 278% over the prior year in the U.S., and 134% in Europe, according to the firm.
By AuntMinnie.com staff writers
July 26, 2001
Related Reading
SonoSite debuts two new handheld systems, April 20, 2001
SonoSite sells seven systems, April 5, 2001
Agilent enters portable ultrasound market, March 21, 2001
SonoSite posts lower Q4 and Y2K results, February 8, 2001
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