bullish
Nanosonics Ltd (NAN AU): Steering Back to Growth Trajectory; Outlook Is Improving
Tina has highlighted this Insight as a Top Pick
302 Views09 Sep 2024 16:51
SUMMARY
- Nanosonics Ltd (NAN AU) reported significant turnaround, with recording H2FY24 revenue of A$90M, up 14% over the first half, driven by 20% increase in capital revenue in H2 over H1.
- For FY25, Nanosonics guided for accelerated revenue growth of 8–12%, driven by growing capital revenue with greater unit volumes and increasing recurring revenue aligned with growth in installed base.
- The company expects FY25 gross profit margin of 77–79% versus 77.9% in FY24, on higher production volumes in FY25 after reducing inventory in FY24.
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