SonoSite, the Bothell-based maker of portable ultrasound equipment, reported a slight drop in earnings Monday but said revenue grew strongly during the last quarter.
The company reported earnings of seven cents a share for the quarter ended March 31, a penny less than year-ago profits.
Before interest and taxes, the company earned $4 million, an increase of 51 percent from last year.
Kevin Goodwin, SonoSite’s CEO, said the quarter showed some positive trends for the company and continued to demonstrate growth from hospitals. That growth fueled “confidence in the expansion of point-of-care visualization, which is significant as we prepare to roll out our new product portfolio in the coming months,” Goodwin said in a prepared statement.
Despite the earthquake and tsunami in Japan, the company’s international business also performed well, he said.
He added that VisualSonics, which the company purchased last year, had a solid quarter and added $8 million in revenue despite delays in expected research funding from the National Institutes of Health.
VisualSonics specializes in high-resolution imaging.
Marcus Smith, the company’s chief financial officer, said VisualSonics has a “robust pipeline” of new products that should expand SonoSite’s reach and penetration.
As a result, SonoSite plans to step up investment during the next three years which will “deliver our most ambitious wave of new innovations in the company’s 13-year history.”
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