Sonic Innovations, Inc.
Sonic Innovations, Inc. (Sonic) is a hearing aid company, which is engaged in the design, development, manufacture and marketing of digital hearing aids. The company`s digital hearing instruments are based on its patented digital signal processing (DSP) technology. Its products are sold principally to hearing care professionals. The company has its geographic operations spread across the US, Canada, Europe, Australia and in some part of Asia. The company is headquartered in Salt Lake City Utah, the US.
In November 2009, the company received International CES Innovations 2010 Design and Engineering Awards for its Touch hearing aid.The company reported revenues of (U.S. Dollars) USD 124.88 million during the fiscal year ended 2008, an increase of 4.9% over 2007. The operating loss of the company was USD 4.07 million during the fiscal year 2008, as compared to an operating profit of USD 1.91 million in 2007. The net loss of the company was USD 7.62 million during the fiscal year 2008, as compared to a net profit of USD 0.72 million in 2007.
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