Nanosonics Ltd (ASX:NAN)
A$ 3.25 -0.02 (-0.61%) Market Cap: 986.23 Mil Enterprise Value: 865.98 Mil PE Ratio: 79.17 PB Ratio: 5.54 GF Score: 89/100
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Half Year 2024 Nanosonics Ltd Earnings Call Transcript

Feb 26, 2024 / 12:00AM GMT
Release Date Price: A$2.63 (-15.97%)
Operator

Thank you for standing by, and welcome to the Nanosonics Limited 2024 Half Year Results Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Michael Kavanagh, Managing Director and CEO. Please go ahead.

Michael Kavanagh
Nanosonics Ltd - President, Chief Executive Officer, Managing Director, Executive Director

Thank you very much, and a very good morning, everybody, and thank you all for joining the call this morning. I am joined here today with Jason Burriss, our CFO, who, as you know, joined the organization a number of months ago in October. And you'll hear from Jason shortly as we go through the financial outcomes for the half year.

As you will have seen, the results released this morning confirm the numbers in the trading update we provided on the 23rd of January. And it's clear from the results that the market challenges that we faced in the first half resulted in lower-than-expected capital sales, in particular, upgrades, which consequently impacted our revenue. And these challenges, as explained before,

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