Strong growth in SonoSite's U.S. hospital channel and contributions from recently acquired CardioDynamics helped the compact-ultrasound developer to an 18% increase in second-quarter revenue.
For the period (end-June 30), the Bothell, WA-based vendor had revenue of $61.5 million, up from the $52.3 million turned in during the second quarter of 2009. SonoSite had second-quarter net income of $1.9 million, compared with net income of $425,000 a year ago.
In quarterly highlights, SonoSite's U.S. hospital revenue climbed 20% during the quarter and CardioDynamics contributed $3.8 million in revenues.
International revenue was affected by a slowdown in Europe, and was up only 2%. However, profitability for the unit increased at seven to eight times the revenue growth rate, SonoSite said.
The company also had strong performance across all four vertical clinical markets, it said.
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SonoSite launches needle tracking tool, July 14, 2010
SonoSite wraps up VisualSonics deal, July 1, 2010
SonoSite inks distribution deal with UMI, June 22, 2010
SonoSite to repurchase its stock, June 11, 2010
SonoSite to acquire VisualSonics, May 27, 2010
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