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Nano-X Imaging (NNOX) investor relations material
Nano-X Imaging Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary12 Aug, 2025
Executive summary
Revenue for Q2 2025 was $3.0M, up from $2.7M in Q2 2024, driven by teleradiology and system sales, with a focus on expanding the commercial footprint in the U.S. and Europe and targeting over 100 system deployments by year-end 2025.
Net loss for Q2 2025 was $14.7M, up from $13.6M in Q2 2024; non-GAAP net loss was $10.9M versus $8.4M prior year.
Expanded installed base with new U.S. imaging center customers and first EU system shipment prepared, supported by academic and commercial collaborations.
Entered a multi-year supply agreement with Fabrinet to scale production and notified FDA of intent to submit TAP2D software for clearance.
Significant progress in clinical strategy, education, and digital platform launches to drive adoption and credibility.
Financial highlights
Q2 2025 revenue: $3.0M (Q2 2024: $2.7M); teleradiology services contributed $2.7M with an 18% GAAP gross profit margin and 38% non-GAAP margin.
GAAP gross loss: $3.2M (margin -107%); non-GAAP gross loss: $0.6M (margin -21%).
Net loss: $14.7M; non-GAAP net loss: $10.9M.
Cash, equivalents, and marketable securities at June 30, 2025: $62.6M (down from $83.5M at Dec 31, 2024).
Negative operating cash flow for the period: $19.6M.
Outlook and guidance
Expects over 100 clinical, demo, and commercial units deployed globally by year-end 2025, assuming stable macroeconomic conditions.
Revenues from new deployments anticipated in the second half of 2025, with AI business targeting breakeven in 2026.
Operating expenses expected to remain stable, with losses projected to decline as revenue increases.
Focus on U.S. and EU markets for both ARC and AI, with expansion into Latin America and selective presence in Asia.
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Next Nano-X Imaging earnings date
Q3 202520 Nov, 2025
Next Nano-X Imaging earnings date
Q3 202520 Nov, 2025
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Frequently asked questions
Nano-X Imaging Ltd., a development-stage company, develops, produces, and commercializes digital X-ray source technology for the medical imaging industry worldwide. The Company's technology is a platform for inexpensive, high-speed, highly sensitive x-ray detectors and imagers that enable lower operating costs and reduced exposure to ionizing radiation compared to existing technologies.
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