Nano-X Imaging Q3 revenue grows on AI solutions; flags going concern issues
NNOX•Nano-X Imaging reported preliminary third-quarter revenue of $4.3 million to $4.4 million, up year over year, as AI and software revenue grew. The company said cash and deposits expected as of September 30, 2026, would not be sufficient for one year, raising substantial doubt about its ability to continue as a going concern.
1. Revenue growth
Nano-X Imaging's preliminary third-quarter revenue rose year over year to $4.3 million to $4.4 million. Growth in AI and software solutions revenue was driven mainly by the consolidation of Nanox Health IT Inc.; imaging system and OEM services revenue increased with an additional Nanox.ARC capital expenditure agreement. Teleradiology services revenue was flat year over year at $3.1 million.
2. Going concern warning
The company said its cash and deposits as of September 30, 2026, were expected to be insufficient for one year and that it expected to continue incurring significant operating costs. If it cannot raise additional funds, it may delay, reduce or eliminate product development.
