SonoSite revenue, income dip in Q2

AuntMinnie.com staff writers
Jul 27, 2009

A slowdown in U.S. hospital capital spending and a stronger U.S. dollar contributed to revenue and income declines for compact-ultrasound developer SonoSite in its second quarter.

For the period (end-June 30), the Bothell, WA-based vendor had worldwide revenue of $52.3 million, down 12% compared with the $59.2 million booked in the second quarter of 2008. SonoSite had net income of $425,000, compared with net income of $1.4 million a year ago.

Although SonoSite did see some improvement in buying trends toward the end of the quarter, the company's forward planning is focused on earnings and cash-flow growth through 2010 as it awaits a recovery in hospital-based capital spending, said president and CEO Kevin Goodwin.

Related Reading

SonoSite releases NanoMaxx, July 7, 2009

SonoSite launches iPhone app, June 25, 2009

SonoSite ships ultrasound remote control, June 12, 2009

SonoSite to buy CardioDynamics, June 10, 2009

SonoSite nets M-Turbo order, May 15, 2009

Copyright © 2009 AuntMinnie.com

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