Michael Kavanagh is President/CEO/Managing Dir at Nanosonics Ltd. See Michael Kavanagh's compensation, career history, education, & memberships. For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214When investing expert Scott Phillips has a stock tip, it can pay to listen. Across all key geographical segments, revenue in North America was its strongest market, up 18% to $90.2 million, making up more than 90% of the entire group revenue.Net profit after tax stood at $10.1 million, a decline of 26% largely due to Q4 impacts.Installed base growth also fell 46% during Q4, but was up 13% for the entire FY20.While the COVID-19 pandemic has reinforced the importance of infection prevention, Nanosonics also outlined its business strategy to invest in product expansion into new markets, with over $15.6 million directed across a number of projects.Nanosonics did not provide any guidance in respect to FY21, due to the ongoing uncertainties associated with COVID-19. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Excellent growth momentum was experienced in the first three quarters of the year demonstrating the underlying strong fundamentals for the business.As expected, the implications of the COVID-19 pandemic impacted the momentum primarily in Q4 which saw the planned adoption of trophon being delayed in hospitals as their focus turned to the management of COVID-19.The COVID-19 pandemic has reinforced the importance of infection prevention and given increased prominence to this important topic, not just amongst the medical community but in all communities. The emergence of future waves and potential further lockdowns are expected to complicate financial forecasts.The company’s strategic priorities continue to be focused on establishing its trophon product to be installed across all regions. Nanosonics chief executive Michael Kavanagh said the uncertain business environment, combined with new technology enhancements it was hoping to … Nanosonics CEO Michael Kavanagh said hospital department shutdowns due to the coronavirus were a major catalyst for the difficult fourth quarter. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! * These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.© 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved.ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691 The Motley Fool Australia operates under AFSL 400691. The Company researches, develops, and commercializes a range of disinfection and sterilization technologies that are utilized for infection control and decontamination.Unit 24 566 Gardeners Road Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Nanosonics Limited is a life science company. Nanosonics recorded $100.1 million in revenue, up 19% on the prior corresponding period. In light of this, Nanosonics' net profit after tax came in slightly lower than last year at $10.1 million for the 2020 financial year. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. The Nanosonics Ltd share price is under pressure today following the release of the company’s full-year results for the financial year ending 30 June ... CEO and president Michael … Australia At the time of writing, the Nanosonics share price is trading at $6.28, down 8.59% from yesterday’s market close. Today, the Nanosonics share price is down by 1% since the start of 2020.This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Company considers that this can only be positive for the longer term fundamentals of the business.The Nanosonics share price reached a low of $4.01 in March, a discount of 36% on today’s price. However, it is anticipated that trophon capital sales will be impacted in the first half of the year by limited hospital access, particularly in North America.A flow-on effect on the capital equipment requirements in Nanosonics’ main North America distribution partner, Thus far, global sales of consumables to end customers have regained approximately 80% of Q1 to Q3 levels.


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