Sonos (NASDAQ:SONO)
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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.
About SonoSite
SonoSite, Inc. (www.sonosite.com)
is the innovator and world leader in hand-carried ultrasound.
Headquartered near Seattle, the company is represented by eight
subsidiaries and a global distribution network in over 90 countries.
SonoSite’s small, lightweight systems are
expanding the use of ultrasound across the clinical spectrum by
cost-effectively bringing high performance ultrasound to the point of
patient care. The company employs over 550 people worldwide.
Forward-looking Information and the
Private Litigation Reform Act of 1995
Certain statements in this press release relating to the our expected
financial results for the second quarter of 2007, our ability to achieve
progress in the execution of our growth strategy, and our future
financial position and operating results are “forward-looking
statements” for the purposes of the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on the opinions and
estimates of our management at the time the statements are made and are
subject to risks and uncertainties that could cause actual results to
differ materially from those expected or implied by the forward-looking
statements. These statements are not guaranties of future performance
and are subject to known and unknown risks and uncertainties and are
based on potentially inaccurate assumptions. Factors that could affect
actual results include the risk that our quarterly accounting review
procedures or developments after the date of this release result in
changes to our results from those announced in this release, the risk
that we are unable to successfully execute our growth strategy and the
risk that we are unable to continue our growth in revenues in future
periods, as well as other factors contained in the Item 1A. “Risk
Factors” section of our Annual Report on Form
10-K for the year ended December 31, 2006 filed with the Securities and
Exchange Commission. We caution readers not to place undue reliance upon
these forward-looking statements that speak only as to the date of this
release. We undertake no obligation to publicly revise any
forward-looking statements to reflect new information, events or
circumstances after the date of this release or to reflect the
occurrence of unanticipated events.