BOTHELL — Earnings at SonoSite fell to $2.2 million in the fourth quarter of 2009, compared to $6 million in the same quarter of 2008.
The Bothell-based maker of portable ultrasound machines reported revenues Thursday, revealing the company brought in a total of $69.7 million in the last three months of 2009. That’s down from the $70.2 million in revenue reported for the same time period in 2008.
Earnings for the company’s 2009 fiscal year were down overall, with incoming reported at $3.2 million, compared to $11.2 the year before. Revenue was also down from $243.5 million in 2008 to $227.4 million in 2009.
“With a difficult year behind us we are stronger and more focused on growth initiatives for 2010 and beyond,” SonoSite President Kevin Goodwin said in a statement.
Last month, the company appealed to stockholders in an effort to repurchase up to $100 million of its stock. Goodwin said that the company evaluated alternative investment options for two years, and determined that “investing in our own stock was our best choice.”
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