Nano-X Imaging shares fall 21% after Q2 results miss
Nano-X Imaging (NNOX) shares fell 21% after reporting second-quarter results that missed Wall Street expectations. Revenue rose 37% YoY to $4.2M, but was about $1.2M below expectations.
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02:15:22 PM UTC
SquawkNews
Revenue grew 37% year-over-year to $4.2 million, driven by Health IT and teleradiology growth, but a $40.7 million impairment led to a GAAP net loss of $55.5 million. Commercialization advanced with new installations, partnerships, and a CMS reimbursement code for AI solutions.Based on NANO-X IMAGI…
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