Nanosonics: Result 2016

Nanosonics continues to fire on all cylinders but it isn't without its risks.

From the moment the investor call started, you could hear Nanosonics’ chief executive, Michael Kavanagh, smiling down the phone. And with good reason: the company posted record sales for the year, with revenue up 93% to $43m, and Nanosonics turned a profit for the first time.

The net profit of $3.4m in the second half of the financial year – and $122,000 for the full year – isn’t anything to get excited about but the fact that the company is now self-sustaining, without need for constant capital injections, is.

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