Sonic Innovations Announces Pre-Earning Revenue Projections for Second Quarter 2008
23 Junio 2008 - 6:30AM
PR Newswire (US)
SALT LAKE CITY, June 23 /PRNewswire-FirstCall/ -- Sonic
Innovations, Inc. (NASDAQ:SNCI), the only U.S.-based publicly
traded manufacturer of digital hearing aids, announced today that
the Company projects second quarter revenue to be approximately $34
million, an increase from record first quarter 2008 sales that were
reported at $31.9 million and second quarter 2007 revenue of $30.4
million. "We continue to grow rapidly, even though the economic
environment is soft in some markets," said CEO Sam Westover. ABOUT
SONIC INNOVATIONS: Sonic Innovations is a global provider of
superior hearing solutions. The company is passionate about
quality, technology, and improving the lives of the hearing
impaired. Sonic Innovations and its hearing-healthcare partners are
passionate about bettering the lives of their patients. Sonic
Innovations, headquartered in Salt Lake City, Utah, has
international offices and manufacturing centers across the globe.
Through its distribution partners, Sonic Innovations provides
hearing care services and solutions in more than 25 countries.
Sonic Innovations is listed on the NASDAQ Global Market System
(SNCI) and can be found online at http://www.sonici.com/. Sonic
Innovations has sold more than 1,000,000 hearing instruments. This
press release contains "forward-looking statements" as defined
under securities laws including our revenue projections for second
quarter 2008. Actual results may differ materially and adversely
from those described herein depending on a number of factors
including, but not limited to, the following risks: we face
aggressive competition in our business; acquisitions could be
difficult to integrate and disrupt our current business and
therefore may harm our operating results; we may not achieve
revenue projections; we may not launch more product lines this
year; our products may not help people hear better or more
naturally; we may poorly operate newly acquired businesses; we may
lose a large customer or suffer a reduction in orders from a large
customer; we must have innovative, technologically superior
products to compete effectively; our products, due to their
complexity, may contain errors or defects that are only discovered
after sales by our customers, thus harming our reputation and
business; we may have issues with intellectual property; and we
have important international operations, which expose us to a
variety of risks including government reimbursement, that could
impact sales and operating results. For additional information
regarding the risks inherent in our business, please see "Factors
That May Affect Future Performance" included in our Annual Report
on Form 10-K for the year ended December 31, 2007, as filed with
the Securities and Exchange Commission. We undertake no obligation
to revise our forward-looking statements to reflect events or
circumstances after the date hereof as a result of new information,
future events or otherwise. DATASOURCE: Sonic Innovations, Inc.
CONTACT: Michael Halloran, Vice President and CFO, +1-801-365-2854,
or Sam Westover, Chairman and CEO, +1-801-365-2800, both of Sonic
Innovations, Inc. Web site: http://www.sonici.com/
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