Biotech, Devices, Ultrasound
SonoSite Revenue Climbs 19 Percent
Luke Timmerman 1/12/09
SonoSite, the Bothell, WA-based maker of portable ultrasound machines, said today its sales grew by 19 percent worldwide to $243 million in 2008. Revenue in the fourth quarter climbed more slowly, 8 percent, to about $70 million. Customers delayed orders in the fourth quarter that represented about 10 percent of its revenue forecast, although the company said those orders weren’t cancelled. SonoSite (NASDAQ: SONO) forecasts 5 percent to 10 percent sales growth in 2009.
Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.
