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Home Industry News SonoSite maintains business growth in third quarter

SonoSite maintains business growth in third quarter

25th October 2010

SonoSite has reported another successive quarter of strong business growth for the three-month period ending on September 30th 2010.

The company's third quarter financial report shows that revenues at SonoSite were up by 28 percent year-on-year to $68.5 million (43.5 million pounds), driven in part by growing stability in the European market.

Positive trends noted during the period included a strong debut for its Advanced Needle Visualization software upgrade, while its new acquisition VisualSonics also performed well.

This comes after the medical technology company posted year-on-year revenue growth of 18 percent in the second quarter.

As a result of this performance, the firm's total for the year to date now stands at $186.1 million, 18 percent ahead of the same point in 2009.

Kevin Goodwin, SonoSite's president and chief executive officer, said: "We had a good quarter and made substantial overall progress on the business model as well as future strategy steps."ADNFCR-8000103-ID-800155072-ADNFCR

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