Compact-ultrasound developer SonoSite of Bothell, WA, said that strong international sales helped the company grow its revenues 16% in the first quarter (end-March 31), although ongoing difficulties in the U.S. market helped contribute to a growing net loss for the period.
For the period, the company posted revenues of $42.8 million, compared with $36.9 million in the first quarter of 2006. The company's net loss for the quarter was $563,000, compared with a net loss of $363,000 in the prior year's first quarter.
The company said its international business is up 25% compared to the year before, while U.S. growth was only 7% higher, as slower growth in the private-office segment offset stronger growth in the company's hospital point-of-care and enterprise businesses. The company said it is taking a number of steps to improve sales to private offices, and that it expects to see its U.S. business strengthen as the year goes on.
By AuntMinnie.com staff writers
May 1, 2007
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