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Growing at the Speed of Sound |
Published: January 1, 2006
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Growing at the Speed of Sound
Originally Published MX January/February 2006
COVER STORY
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Since its spin-out from ATL Ultrasound Inc. onto the NASDAQ stock exchange in 1998, SonoSite has played a pivotal role in creating the market for hand-carried ultrasound devices and has established itself as the market leader. According to estimates by industry analysts, SonoSite's installed base of more than 25,000 units has given it a share of the hand-carried ultrasound segment that exceeds 60%.
The company's financial performance has been equally robust. Over the past five years, SonoSite's sales revenues have expanded at a compound annual growth rate of 63%.
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| Stock price for SonoSite Inc. (Bothell, WA), from December 2003 through mid-November 2005, versus the S&P 500. (click to enlarge) |
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