- Nanosonics press release (OTCPK:NNCSF): 1H Revenue of A$79.6M (-2.5% Y/Y).
- Gross profit margin of 79.7%, up from 78.9% in prior corresponding period. The stronger gross margin was driven by revenue mix and the positive impact of foreign exchange rates.
- Continued investment in strategic growth agenda with operating expenses of A$60.8 million, up 12% on prior corresponding period and up 2% compared with H2 FY23.
- Operating profit before tax of A$4.9 million compared with A$11.4 million in prior corresponding period.
- Free cash flow for the half was A$7.9 million with cash and cash equivalents of A$118.3 million at 31 December 2023 and no debt.