INNOVATION
COLLABORATION
GROWTH
ANNUAL REPORT 2016
ContentsFinancials at a glance 2
Chairman's letter 4
CEO's report 6
Regional highlights North America 9
Regional highlights Asia Pacific 10
Regional highlights Europe/rest of world 11
Contents of the financial statements 49
Auditor's independence declaration 50
Financial statements 51
Notes to the financial statements 55
Directors' declaration 85
Independent auditor's report to the members 86
trophon®EPR: innovative technology delivering improved standards of care
12 Shareholder information 88
Glossary 90
Clinical research program 14
Corporate directory and information for investors 91
Information on the directors, company secretaries and 15
senior management
Directors' report 17
Company overviewNanosonics (ASX: NAN) has developed a unique automated disinfection technology, which is the first major innovation in high level disinfection (HLD) for ultrasound probes in more than 20 years. This proprietary technology is now being introduced around the world and has the opportunity to become the new standard of care as it safely and effectively addresses the issues with traditional ultrasound probe disinfection practices.
Mission statement
We improve the safety of patients, clinics, their staff and the environment by transforming the way infection prevention practices are understood and conducted, and introducing innovative technologies that deliver improved standards of care.
NANOSONICS 2016 Annual Report | Page 1 Financials 2016 At a glance93%
SALESTotal sales for the year were
$42.8 million, an increase of 93% driven by the continued strong adoption of trophon in North America following the establishment of Nanosonics direct operations in 2015.
$14.9m
$21.5m$22.2m
$42.8m
$15.6m
$27.2m
2013 2014 2015 2016 2016 H1 2016 H2
110%
GROSS PROFITGross profit increased 110% with improvement in gross profit rate by 6% reflecting higher margin direct sales
in the US plus higher sales associated with consumables and service.
$8.5m
$13.9m
$15.3m
$32.2m
$12.6m
$19.6m
2016 H2
$122THOUSANDPROFIT/(LOSS) AFTER TAX
The Company recorded its maiden full year profit of $122,000.
2013 | 2014 | 2015 | 2016 | 2016 H1 |
($5.8m) | ($2.6m) | ($5.5m) | $122,000 | ($3.3m) |
$3.4m
2013 2014 2015 2016 2016 H1 2016 H2
$1.9MILLION
FREE CASH FLOWThe Company recorded its first full year positive free cash flow of $1.9 million.
($5.9m) ($3.1m) ($4.7m)
$1.9m
($5.0m)
$6.9m
2013 2014 2015 2016 2016 H1 2016 H2
NANOSONICS2016 Annual Report |Page 2
Nanosonics Limited published this content on 17 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 August 2016 08:05:01 UTC.
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