SonoSite (NASDAQ: [[ticker:SONO]]), the Bothell, WA-based maker of portable ultrasound machines, said today it had a net loss of about $1.1 million in the quarter that ended June 30, compared with a profit of $1.9 million in the same period a year earlier. The company’s sales climbed 18 percent to $72.7 million in the most recent quarter, but the increased revenue was offset by increasing expenses, particularly on new strategic initiatives the company is advancing in the wake of its 2010 acquisition of VisualSonics.
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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