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Nanosonics (ASX:NAN) share price nosedives 12% on weak earnings

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It wasn’t long ago that Nanosonics Ltd (ASX: NAN) was being called the next CSL Limited (ASX: CSL)

But as far as February reporting season goes, CSL is still the consistent stock we all know and love. While the Nanosonics share price is not only 12% lower at the time of writing but down more than 35% for the year. 

The infection prevention company, known for its industry-leading trophon EPR disinfection system for ultrasound probes, released its financial results today for the first half of FY21.

Nanosonics share price lower on weak revenues

In today’s release, Nanosonics reported that its global installed base increased 12% in the last 12 months and was up 6% in the last 6 months to 25,100 units. More importantly, the…



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