SonoSite Worldwide Revenue Grows Approximately 20% In Second Quarter 2007
July 9th, 2007 Leave a comment Visited 25 times, 1 so far today
SonoSite Worldwide Revenue Grows Approximately 20% In Second Quarter 2007
Company to Report Complete Second Quarter Financial Results July 30, 2007
SonoSite, Inc. (Nasdaq:SONO), today provided preliminary revenue results for the second quarter ended June 30, 2007. The company said that worldwide revenue grew approximately 20% to over $47 million compared to the second quarter of 2006. For the first half of 2007, worldwide revenue grew approximately 18% to about $90 million compared with $76.4 million for the first half of the prior year.
“Revenue growth in the second quarter demonstrated improving execution in our sales channels, as well as improving market share,” said Kevin M. Goodwin, SonoSite President and CEO. “US business was up 16%, with the US hospital business growing quite strongly at 25% compared to the prior year’s quarter. The private office channel, which continued to be affected by transition, was down 42% compared with last year, but up sequentially by 55% compared to the first quarter of this year. The company expects this channel to show continuing improvement as we move through the year. The international group turned in a stellar performance with its second consecutive quarter of 25% growth this year.”
Second quarter 2007 revenue estimates are preliminary. SonoSite plans to report complete second quarter and first half 2007 financial results on July 30, 2007 after the close of the financial markets at 1 pm PT. Management will host a conference call beginning at 1:30 pm PT on July 30th that will be webcast on the company’s website at www.sonosite.com. A replay of the audio webcast will be available beginning July 30, 2007 at 4:30 PT until midnight PT, August 13, 2007, by dialing (719) 457-0820 or toll-free (888) 203-1112. The confirmation code 7019486 is required to access the replay. The call will be archived on SonoSite’s website.
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