SonoSite Inc, a producer of point-of-care ultrasound solutions, recently reported the financial results for the first quarter of 2011, ending March 31. Revenue for the first quarter of 2011 was $71.1 million, an increase of 27% compared to $56.0 million in the first quarter of 2010. Revenue growth in the US sector was 21% and accounted for $4.5 million.
The company is currently planning several investment opportunities that will increase demand generation and the company’s profile, deliver new innovations, and continue to expand the company’s geographic reach.
“With this in mind, we are gearing up to go after this opportunity in a more aggressive manner,” Marcus Smith, SonoSite’s CFO. “Management, with the full agreement of our Board of Directors, will be implementing a plan that involves a step-up in our growth investment over the next three years aimed at significantly increasing our value.”