Nanosonics
{{Short description|Australian public company}}
{{Use dmy dates|date=May 2021}}
{{Infobox company
| name = Nanosonics Ltd
| logo = Nanosonics logo.png
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| type = Public company
| traded_as = {{ubl|{{ASX|NAN}}|S&P/ASX 200 component}}
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| founded = 2001 in Australia
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| hq_location_city = Sydney
| hq_location_country = Australia
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| areas_served = Australia
| key_people = Michael Kavanaugh (CEO, President and Managing Director)
Maurie Stang (Chairman)
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| revenue = {{increase}} A$100 million {{small|(2020)}}{{cite web|title=NAN Report 2020|url=https://www.nanosonics.com/media/44hd3s04/2020-annual-report.pdf}}
| revenue_year = 2020
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| net_income = {{decrease}} A$10 million {{small|(2020)}}{{cite web|title=NAN Report 2020|url=https://www.nanosonics.com/media/44hd3s04/2020-annual-report.pdf}}
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| assets = {{profit}} A$147 million {{small|(2020)}}{{cite web|title=NAN Report 2020|url=https://www.nanosonics.com/media/44hd3s04/2020-annual-report.pdf}}
| assets_year = 2020
| num_employees = 311 {{cite web|title=NAN Report 2020|url=https://www.nanosonics.com/media/44hd3s04/2020-annual-report.pdf}}
| num_employees_year = 2020
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| homepage = {{URL| https://www.nanosonics.com/ }}
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Nanosonics is a ASX-listed company in the healthcare industry which manufactures and distributes ultrasound probe disinfectors and other related technologies. It has offices in Australia, the U.S. and Canada, the United Kingdom and Europe,{{Cite web|title=The Nanosonics Story|url=https://www.nanosonics.com.au/about-us/our-story/|access-date=2021-05-31|website=www.nanosonics.com.au|language=en-AU}} employing more than 300 people.{{Cite web|title=Nanosonics Ltd, NAN:ASX profile - FT.com|url=https://markets.ft.com/data/equities/tearsheet/profile?s=NAN:ASX|access-date=2021-05-31|website=markets.ft.com}}
The company’s Trophon is the product used to reduce the spread of Healthcare Acquired Infections (HAIs). Its Trophon2 product includes AcuTrace technology, which enables digital record keeping and provides workflows for ultrasound probe high level disinfection.{{Cite web|title=Nanosonics Ltd, NAN:ASX profile - Reuters|url=https://www.reuters.com/companies/NAN.AX|access-date=2021-05-31|website=Reuters}}
History
The company was founded in 2001 and headquartered in Sydney, Australia. It listed on the Australian Securities Exchange (ASX) in 2007 with the ticker NAN. In 2009, it launched Trophon, a unique, automated technology for the high-level disinfection of intracavity and surface ultrasound probes.
In 2010 Nanosonics warned that it had become aware of a substandard component being used in the production of its Tryphon EPR ultrasound disinfectant device and had moved to rectify the problem.{{Cite web |title=Nanosonics learns of substandard component |url=https://www2.cio.com.au/article/447902/nanosonics_learns_substandard_component_/ |access-date=2021-05-31 |website=CIO}}
In March 2015, Nanosonics was included in the ASX300 Index (Australia’s top 300 companies by market capitalisation).{{Cite web|title=The Nanosonics Story|url=https://www.nanosonics.com.au/about-us/our-story/|access-date=2021-05-31|website=www.nanosonics.com.au|language=en-AU}}
In 2018 investors were cautioned about Nanosonics relying too much on only one customer, which had its own financial problems, as an outlet for its products.{{Cite web|date=2018-05-09|title=Nanosonics and the risks of a company relying on one customer|url=https://www.moneymag.com.au/hot-stock-nanosonics|access-date=2021-05-31|website=Money magazine|language=en}}
The COVID-19 pandemic saw Nanosonics share price drop 25 per cent in the first quarter of 2021 due to a ban on elective surgeries and drop off in demand for ultrasound cleaning devices.{{Cite web |date=2021-03-24 |title=The Nanosonics (ASX:NAN) share price is down 25% this year |url=https://www.fool.com.au/2021/03/24/the-nanosonics-asxnan-share-price-is-down-25-this-year/ |access-date=2021-05-31 |website=The Motley Fool Australia |language=en-AU}}
References
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External links
- {{Official website|https://www.nanosonics.com.au/}}
{{S&P/ASX 200}}
{{DEFAULTSORT:Nanosonics}}
Category:Companies based in New South Wales
Category:Companies based in Sydney
Category:Companies listed on the Australian Securities Exchange