Nanosonics provided business update

Nanosonics Limited (ASX: NAN) has provided a business update in respect of the transition to a more direct sales model in North America and Q4 FY22 trading:

• For FY22, the company anticipates its revenue to be AU$120.3 million, which represents a 17% increase compared with FY21.
• North American new installed base units increased by 2,650 units in FY22, up 11% on PCP, with newly installed base units up 21% in H2 as compared to H1.
• During the Q4 FY22, it successfully completed its transition to the revised sales model in North America, with a significant proportion of all consumables sales now going via the direct channel.
• The company’s expanded North American team sold 91% of all newly installed base units in Q4 FY22.

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