Press Releases

Worldwide Revenues Increase 55 Percent, Gross Margins Rise for Seventh Consecutive Quarter to 59.5 PercentBOTHELL, WA, October 23, 2002 - Sonosite, Inc. (Nasdaq: SONO), the leader and creator of hand-carried ultrasound, today released financial results for the third quarter ended September 30, 2002. For the quarter, Sonosite reported revenues of $18.5 million vs. $11.9 million for the third quarter of 2001, an increase of 55 percent. For the nine months, revenues were $47.9 million, an increase of 58 percent, compared to $30.4 million in the first nine months of 2001.Sonosite reported a net loss of $2.4 million, or $0.17 per share, for the quarter compared to a net loss of $2.3 million, or $0.21 per share, for the comparable quarter in the prior year. Gross margins increased for the seventh consecutive quarter to 59.5 percent, compared to 56.6 percent in the third quarter of 2001. For the nine months, the net loss totaled $8.6 million, or $0.68 per share, vs. $14.0 million, or $1.41 per share, for the period a year earlier. As of September 30, 2002, cash, cash equivalents and investment securities totaled $69.3 million.Worldwide, Sonosite's revenues increased in each of its major geographic markets. Compared to the same quarter in 2001, revenues rose 75 percent in the U.S., 64 percent in Europe and 10 percent in the JPLAC region (Japan, Asia, Latin America, Australia and Canada).

Live Presentation Available Via Audio-WebcastBOTHELL, WA, October 3, 2002 - Sonosite, Inc. (Nasdaq: SONO), the creator and leader of hand-carried diagnostic ultrasound, today announced that Kevin M. Goodwin, president and CEO of Sonosite, will present at the UBS Warburg Global Life Sciences Conference at 2:30 p.m. (EDT) on Tuesday, October 8, 2002, at the Plaza Hotel in New York City. Interested investors can hear a live audio-webcast at http://www.ubswarburg.com. The audiocast will be archived on the site until November 10, 2002.About SonositeSonosite, Inc. ( www.sonosite.com ) is the innovator and world leader in hand-carried ultrasound, with an installed base of more than 20,000 systems. The Company, headquartered near Seattle, Washington is represented by eight subsidiaries and a global distribution netwok in over 75 countries. Sonosite's small, lightweight systems are expanding the use of ultrasound across the clinical spectrum by cost-effectively bringing high performance ultrasound to the point of patient care. The Company employs approximately 450 people worldwide.

Sonosite Recognized For Its 346 Percent Revenue Growth Over The Past Three YearsBOTHELL, WA, September 27, 2002 - Sonosite, Inc. (Nasdaq: SONO) has been named a Rising Star and one of the fastest growing technology companies in Washington State by Deloitte & Touche. The Rising Star category is a part of the "Technology Fast 50" program and consists of companies in business less than five years, but more than three years, based on percentage of growth in revenues for three years (1999 to 2001)."To make the Deloitte & Touche Technology Fast 50 Rising Star list, a company must have had tremendous revenue growth from 1999-2001," said Larry Hile, Partner-in-charge of the Technology, Media and Telecommunications Practice for Deloitte & Touche's Northwest Practice. "We at Deloitte & Touche applaud Sonosite for having the long-term vision to develop technologies that change the way we work and care for one another."Sonosite's President and CEO, Kevin M. Goodwin, credits the company's innovative and expansive technology and strong worldwide sales force with the 346 percent revenue growth over the three-year time period through June 2002. Sonosite recognized its first commercial revenue in September 1999.

Worldwide Revenues Reach $16.6 Million, Loss Narrows to $0.20 Per Share, Launch of Next-Generation iLook Products Planned for Third Quarter BOTHELL, WA, July 23, 2002 - Sonosite, Inc. (Nasdaq: SONO) today released financial results for the quarter ended June 30, 2002. For the quarter, Sonosite, which specializes in hand-carried ultrasonic medical devices, reported worldwide revenues of $16.6 million compared to $10.3 million for the second quarter of 2001, an increase of 61 percent. Sequentially, revenues rose 29 percent, and year-to-date, revenues are up 60 percent over the first half of last year. Sonosite reported a net loss of $2.5 million, or $0.20 per share, for the quarter compared to a net loss of $5.0 million, or $0.52 per share, for the comparable quarter in the prior year.

Gross margins increased for the sixth consecutive quarter to 58.2 percent, compared to 48.2 percent in the second quarter of 2001. As...