Nanosonics (ASX: NAN) seeks to tap growth opportunities through geographical, product expansion.

Thu 28 Mar 24, 02:15 AM | Team Kalkine

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Highlights

Nanosonics Limited (ASX: NAN) is an ASX-listed healthcare company which specialises in infection prevention and control solutions. The company is renowned for its flagship product, trophon® EPR, which is used for the high-level disinfection of ultrasound probes. The focus is on research, development and commercialization of infection control and decontamination products and related technologies.

In the first half of the financial year 2024 (1HFY24), the company reported 2% YoY fall in its revenue to AUD 79.6 million and 40% YoY decrease in profit after income tax to AUD 6.2 million. During the reported period, consumable/ service revenue jumped 4% YoY to AUD 57.7 million.

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