Nanox revenue rallies to $4.3 million

• Nanox reported Q1 2026 revenue of $4.3 million, up from $2.8 million a year earlier.
• The company posted a net loss of $14.3 million and negative operating cash flow of $14 million.
• Management withdrew its 2026 revenue target and said there is substantial doubt about continuing as a going concern.

Nano-X Imaging (NASDAQ:NNOX) reported Q1 2026 revenue of $4.3 million, up from $2.8 million a year earlier, while net loss reached $14.3 million.

The revenue increase was driven mainly by teleradiology and AI/software solutions, while cash and deposits fell to $44.2 million.

GAAP gross loss was $2.6 million, while non-GAAP gross loss narrowed to $0.2 million.

Nano-X Imaging said operating cash flow was negative $14 million, and estimated cash net of a short-term loan was about $27 million at the release date.

Following the announcement, Nanox's share price was up at $1.57.

Management said there is substantial doubt about the company’s ability to continue as a going concern, withdrew its 2026 revenue target, and said it will stop giving annual revenue guidance.

Nano-X Imaging said it has about 40 systems in deployment and distribution agreements for about 360 Capex systems over the next two to three years.