Financial results that were below expectations in the U.S. contributed to a sales drop for ultrasound technology developer SuperSonic Imagine in the first half of 2015.
For the period (end-June 30), SuperSonic had sales of 8.25 million euros ($9 million U.S.), up 2% on a nominal basis but down 6% on a currency-comparable basis from the 8.12 million euros ($8.9 million) reported in the first half of 2014. In positive developments, the company said there was strong growth momentum in Asia, including 124% growth in China and solid performance in Japan. In response to weaker contributions of indirect sales in the U.S., SuperSonic said it is investing more in its U.S. direct sales force.
In Europe, SuperSonic pointed to a good first-half performance in Germany, thanks to its direct sales network. A market shift in France, however, had a negative effect on first-quarter sales volume, according to the vendor. Corrective actions are showing early positive results, the company said.
Broken down by quarter, SuperSonic had first-quarter sales of 3.2 million euros ($3.5 million), up 11% on a currency-comparable basis from the 2.9 million euros ($3.2 million) posted in the first quarter of 2014. Sales reached 5 million euros ($5.5 million) in the second quarter, down 11% on a currency-comparable basis from 5.2 million euros ($5.7 million) in the same period a year ago.