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Ann: 2017 Full Year Results - Appendix 4E, page-3

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    Nanosonics 2017 full year financial results
    HIGHLIGHTS
     Record sales of $67.5 million, up 58% on prior year sales of $42.8 million.
     Operating profit before tax of $13.9 million, compared to $136,000 in the prior year.
     Free cash flow for the year of $15.1 million, up from $1.9 million in the prior year.
     Cash reserve of $63.0 million, maintains strong balance sheet for ongoing investment in growth strategy.
     North American installed base increased 3,700 units, or 42%, to approximately 12,400 at 30 June 2017. Global installed base now over 14,100 units, each generating the opportunity for significant annuity sales.  Growth in the installed base in the United Kingdom gaining momentum through new trophon adoption business model.
     Master distribution agreement established with Sakura Seiki in Japan, supporting ongoing geographical expansion strategy.
     All regions contributing to installed base and revenue growth with the introduction of a number of new guidelines strengthening fundamentals for adoption globally.
     R&D program progressing well with a number of projects moving to next phase of development in FY18 and a minimum of two new products expected to be launched over the next two years.
 
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