Nanosonics: Result 2015

The company's switch to direct sales has slowed revenue growth, but margins increased due to a changing product mix.

Nanosonics increased revenue a paltry 3% for the year to June, but this was mainly due to lower sales to the company’s US distributor, GE Healthcare, as Nanosonics transitions to a direct sales business model in the region. The company posted a net loss of $5.5m due to the investment needed to get the US operation up and running. With a cash balance of $46m, though, the company still has plenty of funding for its immediate growth plans.

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