Nanosonics Ltd

NAN: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nanosonics Earnings: Shares Undervalued With Strong Recovery

Shane Ponraj

Aug 27, 2024

As we expected, narrow-moat Nanosonics’ fiscal 2024 sales of AUD 170 million were flat in constant currency. While hospital budget constraints weighed on sales, particularly in the first half, conditions and ultrasound volumes improved. Second-half sales were up a strong 14% sequentially on the first half to AUD 90 million. The full-year EBIT of AUD 9 million was stronger than we expected, mainly on an upper end of guidance gross margin of 78%.

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Nanosonics Ltd

Nanosonics Earnings: Shares Undervalued With Strong Recovery

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