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Sonic Innovations Announces Results for Third Quarter 2008
Date:10/28/2008

Record Third Quarter Sales

SALT LAKE CITY, Oct. 28 /PRNewswire-FirstCall/ -- Sonic Innovations, Inc. (Nasdaq: SNCI), a leading producer of advanced digital hearing aids, today announced results for the third quarter ended September 30, 2008.

Third quarter highlights:

-- Achieved record third quarter sales from continuing operations of

$31.3 million and realized 4.3 percent sales growth compared to third

quarter 2007.

-- Launched three new products to further strengthen our product lineup.

-- Substantially completed the consolidation of European operations.

"In the third quarter of 2008, we launched three new products including two at the lower end of the price spectrum, which should drive our sales in a soft economy," said Sam Westover, Chairman and CEO. "Our consolidation activities are virtually completed in Europe and we are seeing improved performance from these efforts."

Record third quarter 2008 net sales from continuing operations of $31.3 million were 4.3 percent higher than third quarter 2007 sales of $30.0 million. North American sales of $11.9 million in the third quarter 2008 decreased 5.4 percent from 2007. European sales of $11.7 million in the third quarter 2008 increased 8.9 percent from 2007. Rest-of-world sales of $7.7 million in the third quarter 2008 were up 15.2 percent from 2007.

Net sales from continuing operations of $97.6 million for the nine months ended September 30, 2008 increased 12.0 percent over the same period in 2007. Net sales increased by 2.3 percent in North America, 13.8 percent in Europe and 27.7 percent for rest-of-world for the first nine months of 2008 compared to 2007.

Gross profit from conti
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SOURCE Sonic Innovations, Inc.
Copyright©2008 PR Newswire.
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