Biotech, Devices, Ultrasound

SonoSite Lowers Sales Forecast

Luke Timmerman 4/27/09

SonoSite, the Bothell, WA-based maker of portable ultrasound machines, said today in its first-quarter financial report that its annual revenue for 2009 may be flat to down 10 percent compared with the previous year. The company (NASDAQ: SONO) said it is responding by cutting expenses 5 to 10 percent, a deeper round of cuts than the previous range it announced, of as much as 5 percent. It blamed dropping demand at U.S. hospitals, and less favorable foreign currency exchange rates.

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.