Nanox announced first quarter 2026 revenue of $4.3 million, up from $2.8 million a year earlier, but withdrew its 2026 revenue target and said it will no longer provide annual guidance due to unpredictable deployment timelines. The company's GAAP net loss widened to $14.3 million from $13.2 million, while non-GAAP net loss attributable to ordinary shares was $11.1 million. Nanox also disclosed that its cash position of $44.2 million as of March 31 is insufficient to fund operations for the next twelve months, raising substantial doubt about its ability to continue as a going concern. The company is evaluating strategic alternatives for its South Korea operations, including a potential sale or wind-down, and reported that a Nanox.ARC system is now in commercial use at a RadNet facility.
Nano X Imaging LtdWithdrew annual guidance, widened net loss, and disclosed insufficient cash raising going concern doubt
RadNet Inc
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