Handheld-ultrasound developer SonoSite reported second-quarter revenues of $16.6 million, up 61% compared from the $10.3 million booked in the same period 2001. For the quarter (end-June 30), the Bothell, WA-based vendor had a net loss of $2.5 million, compared with a net loss of $5 million in the same period last year.
The company also noted that gross margins increased for the sixth consecutive quarter to 58.2%, compared with 48.2% in the second quarter of 2001. As of the end of the second quarter, cash and cash equivalents totaled $71.7 million, according to SonoSite.
By AuntMinnie.com staff writersJuly 24, 2002
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