Just the highlights:
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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Just the highlights: Nanosonics 2017 full year financial results...
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