SonoSite, the Bothell, WA-based maker of portable ultrasound machines, said today its sales dropped 13 percent in the three-month period that ended Sept. 30. The company (NASDAQ: [[ticker:SONO]]) said it had $53.6 million in revenue during the third quarter, compared with $61.6 million in the same period a year earlier. The company also said it has started operating in the red, reporting a $240,000 net loss, compared with a $1 million a profit a year ago. SonoSite said it expects to finish this year with $225 million to $230 million in revenue, down from $243.5 million a year ago.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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