Nanox Imaging Reports Q1 2025 Revenue Increase to $2.8M, Despite Gross Loss of $1.6M; AI Solutions Revenue Grows to $0.2M

Reuters
05-22
Nanox Imaging Reports Q1 2025 Revenue Increase to $2.8M, Despite Gross Loss of $1.6M; AI Solutions Revenue Grows to $0.2M

NANO-X Imaging Ltd. (NASDAQ: NNOX) has released its financial results for the first quarter ending March 31, 2025. The company reported a revenue of $2.8 million, an increase from $2.6 million in the same period of 2024. The revenue increase was driven by sales from teleradiology services, the sale and deployment of imaging systems, and AI solutions. The company experienced a net loss of $13.2 million this quarter, up from a $12.2 million net loss in the first quarter of 2024. This increase in net loss is attributed to a $1.0 million increase in gross loss. During the quarter, NANO-X Imaging Ltd. generated $33 thousand from the sales and deployment of its imaging systems, with a gross loss of $1.6 million on a GAAP basis, compared to $48 thousand in revenue and a gross loss of $0.4 million in the comparable period. The revenue from AI solutions reached $0.2 million, with a gross loss of $1.9 million on a GAAP basis, compared to $97 thousand in revenue and a gross loss of $2.0 million in the previous year. Significant business updates include receiving 510(k) clearance from the FDA for the Nanox.ARC X, an updated multi-source digital Tomosynthesis system, and signing multiple commercial agreements to market the Nanox.ARC and Nanox.AI solutions. The company expects to grow the number of clinical, demo, and commercial units in deployment to over 100 units worldwide by the end of 2025, assuming stable macroeconomic conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nano-X Imaging Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9456275-en) on May 22, 2025, and is solely responsible for the information contained therein.

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