U.S. revenue levels continued to stabilize, but compact-ultrasound developer SonoSite experienced a few order delays in its international business in the third quarter (end-September 30).
As a result, the Bothell, WA-based company posted a revenue decrease of 13% to $53.6 million in the third quarter of 2009, compared with revenue of $61.6 million in the third quarter of 2008. The company also recorded a net loss of $240,000 in the third quarter, compared with net income of $3.7 million in the same quarter a year ago.
For the nine months of 2009, revenue was $157.7 million, a decrease of 9% compared with $173.3 million in the same period of 2008. Net income slipped to $1 million, compared with $5.3 million in the same period a year ago.
Overall revenue for the quarter included $3 million for the third quarter and the nine-month period from recently acquired CardioDynamics International (CDIC). SonoSite's net loss was due, in part, to $3.1 million in charges related to the CDIC acquisition.
SonoSite expects revenues to total $225 to $230 million in 2009.
Related Reading
GE, SonoSite settle patent lawsuit, October 19, 2009
SonoSite to debut NanoMaxx at ASA, October 16, 2009
SonoSite gets NanoMaxx FDA nod, October 6, 2009
SonoSite adds vascular technology, September 16, 2009
SonoSite hires new executive, September 11, 2009
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