Ultrasound developer SonoSite has reported a 13 percent decline in revenue for its fiscal 2009 third quarter, which ended Sept. 30.
The Bothell, Wash.-based company booked $53.6 million in revenue for the period, a downturn from the $61.6 million posted in the same quarter last year. The company posted a net loss of $200,000 in the quarter, a steep slide compared with a net income of $3.7 million booked for the 2008 third quarter.
“While revenue remained sluggish, gross margins and expense management improved, resulting in a better than forecasted operating margins of 10.7 percent in our core businesses," said Kevin M. Goodwin, SonoSite president and CEO. “The revenue environment remains tight, U.S. revenue levels continued stabilizing and we experienced a few order delays in our international business.”