Nanosonics: Result 2014

When we initially upgraded Nanosonics in Nanosonics builds a better mousetrap from 10 Mar 14 (Speculative Buy – $0.785) there were two things that we’d love to see in the annual result; Rapid sales growth and signs that the company’s maiden profit wasn’t far away. The company didn’t let us down. Sales increased 44% to $22m, with sales increasing 34% in the US to $18m and 51% in Australia and New Zealand to $2.3m. There are early signs that distribution agreements struck in Europe are having an impact, albeit from a miniscule base. Nanosonics has also received regulatory approval...

When we initially upgraded Nanosonics in Nanosonics builds a better mousetrap from 10 Mar 14 (Speculative Buy – $0.785) there were two things that we’d love to see in the annual result; Rapid sales growth and signs that the company’s maiden profit wasn’t far away. The company didn’t let us down.

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