Nanosonics (NAN) shares rocket to all time highs
Nanosonics (NAN) +32.65%; impressive day for Nanosonics on an impressive report. The ultrasound equipment disinfectant company saw profit more than double to $13.6m, a 39% beat to consensus. The company managed to add 18% to the total installed units, currently representing 17% of the market. Penetration in North America jumps to nearly 50% while progress continues to be made across Asia and Europe. The outlook may be even more impressive than the profit beat with the company aiming to match instalment growth in FY20 across each region as well as pushing upgrades into their new trophon2 product for existing customers.
Nanosonics continue to invest heavily in R&D as well as growth opportunities, and in the long run pushing to become the standard product for disinfecting probes.
Nanosonics (NAN) Chart
