Handheld-ultrasound provider SonoSite reported fourth-quarter revenue of $45.2 million, up 22% compared with the $37.1 million booked in the same period last year. For the quarter (end-December 31), the Bothell, WA-based firm had net income of $5.3 million, compared with adjusted net income of $2.2 million a year ago.
For the year, SonoSite had revenue of $147.5 million, up 27% compared with the $115.8 million turned in during 2004. The vendor had 2005 net income of $5.4 million, compared with adjusted net income of $2.2 million a year earlier.
Sales of its MicroMaxx system grew to 40% of worldwide revenues in the fourth quarter, said president and CEO Kevin Goodwin.
Looking ahead, SonoSite expects a revenue growth rate of approximately 25% in 2006, with revenues ranging between $180 million and $187 million.
By AuntMinnie.com staff writers
February 16, 2006
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SonoSite names Hsu managing director, February 9, 2006
SonoSite signs Medtronic Navigation distribution deal, December 8, 2005
SonoSite sets up India office, December 6, 2005
SonoSite's MicroMaxx to be used in NASA trial, November 29, 2005
SonoSite expands MicroMaxx capabilities, November 27, 2005
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