Nanosonics Limited (ASX:NAN) responds to ASX queries on FY24 earnings

Nanosonics Limited (ASX:NAN) has responded to ASX queries regarding its full-year earnings for the period ended 30 June 2024. The company provided a detailed explanation in response to ASX's questions, addressing the market's expectations, earnings guidance, sell-side analyst forecasts, and the variance between expected earnings and market expectations.

Executive Commentary on FY24 Earnings Performance

Nanosonics considered that its results for the full year ended 30 June 2024 were within the relevant ranges disclosed in the published guidance. The company's approach to determining market expectations and the disclosure of any expected variation was consistent with ASX GN 8. Nanosonics continuously monitored its expected performance against the guidance given to the market. The company also explained its practice of making forward-looking statements and the method used to translate sell-side analyst forecasts into its estimate of market expectations.

Summary of FY24 Earnings Performance and Outlook

Nanosonics' response to ASX queries provides insights into the company's approach to managing market expectations and disclosing any variations in its earnings performance. The company's detailed explanation demonstrates its commitment to compliance with ASX Listing Rule 3.1 and ASX GN 8. Nanosonics believes that its share price volatility was influenced by market fluctuations and the release of its FY24 financial results. The company also highlighted its outlook statement for FY25, indicating its strategic priorities and growth expectations. Nanosonics confirmed its compliance with the Listing Rules and continuous disclosure policy, with the responses authorized by its Company Secretary.