As per your post he noted that Revenue in 2018 was less than in 2017. His criteria would signal alarm.Slight fall in capital revenue due to the adoption of Trophon 2
Total sales of Nanosonics shares reflect a 10%reduction in capital revenue on the prior year, Nanosonics points out that thisis associated with the earlier than anticipated regulatory approval of trophon2with North America and European, and subsequent run down of Trophon EPR (thefirst generation) inventory by distributors. Also, some customers deferringpurchase pending launch of trophon2 in Q1 of FY19. However, the increase ofsales of consumables and service were up 25% reflecting the increasing installedbase, demonstrating strong growth in the annuity revenue profile.
NAN Why I Should Buy Now, page-29
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