Affected by a number of order delays and the launch of its three-year strategic plan, compact-ultrasound technology developer SonoSite reported a loss in its second quarter.
For the period (end-June 30), SonoSite had revenues of $72.7 million, up 18% from $61.5 million a year ago. Revenues were negatively impacted by a series of delayed orders valued at between $4 and $5 million, SonoSite said.
The initiation of its three-year strategic plan helped push SonoSite back into the red, according to the vendor. SonoSite had a net loss of $1.1 million, compared with net income of $1.9 million in the same period last year.
President and CEO Kevin Goodwin said that SonoSite is anticipating a strong second half of 2011, punctuated with a new product release and the expected return of momentum in its government business.
