NANO-X IMAGING LTD. announced second-quarter 2025 results, reporting $3.0 million in revenue and a net loss of $14.7 million. The company continues to grow its Nanox.ARC installed base and is on track to meet its year-end system deployment target. New customers include medical imaging center chains in the U.S. and a multi-year Volume Supply Agreement with Fabrinet. The company also expanded its footprint in the EU.

Financial results for the three months ended June 30, 2025, showed revenue of $3.0 million, a gross loss of $3.2 million, and a net loss of $14.7 million. The Company reported revenue through teleradiology services, the sale and deployment of imaging systems, and AI solutions. Non-GAAP gross loss was $0.6 million, with revenue from teleradiology services totaling $2.7 million.

The Company provided limited guidance, anticipating the deployment of over 100 units worldwide by the end of 2025. As of June 30, 2025, the Company had total cash and equivalents of $62.6 million. Shareholders’ equity had approximately 63.9 million shares outstanding. Management will host a conference call and webcast on August 12, 2025, at 8:30 AM ET for interested individuals.

NANO-X IMAGING LTD. is focused on driving the world’s transition to preventive healthcare through affordable medical imaging technologies based on AI and digital X-ray sources. The company’s vision includes expanding Nanox technology within and beyond hospital settings to improve early detection and treatment. Nanox offers a full solution from scan to diagnosis, leveraging AI to enhance imaging efficiency.

The Company uses non-GAAP financial measures to evaluate performance and provide clarity on operating results. Non-GAAP measures include adjustments for amortization of intangible assets, share-based compensation, and legal fees. Reconciliations between GAAP and non-GAAP measures are provided for investors and analysts to assess operating performance. Non-GAAP net loss for the six months ended June 30, 2025, was $20.3 million.

Read more at GlobeNewswire: Nanox Announces Second Quarter of 2025 Financial Results