SonoSite reports revenue on the rise in Q4

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SonoSite, a hand-carried ultrasound developer, has provided preliminary revenue results for the fourth quarter of fiscal 2007, which ended Dec. 31, 2007.

The Botell, Wash.-based company said that fourth quarter revenue grew approximately 20 percent to $65 million compared to the prior year’s fourth quarter.

SonoSite President and CEO, Kevin M. Goodwin, said that the new M-Turbo and S Series ultrasound products, which the company began shipping in December, accounted for over 30 percent of the quarter’s revenue.

“Market response and uptake worldwide was stronger than we expected in the first quarter of our product launch,” Goodwin said. “This is particularly encouraging given that we essentially had only 40 selling days with our new products in the field in the fourth quarter.” The company said it unleashed its largest ever roll-out of five new products at major medical meetings during the fourth quarter of 2007.
Fourth quarter 2007 revenue estimates are preliminary. SonoSite said it plans to report complete fourth quarter and 2007 financial results on February 14.