NANO-X IMAGING LTD. Q4 2025 Financial Results and Business Update

NANO-X IMAGING LTD. announced its financial results for the fourth quarter of 2025, reporting a revenue of $3.7 million, an increase from $3.0 million in the fourth quarter of 2024. The company completed the acquisition of Vaso Healthcare IT Corp. and entered into a distribution agreement with Howard Technology Solutions for 300 Nanox.ARC systems. A restructuring of semiconductor manufacturing operations in South Korea was initiated to reduce expenses and enhance efficiency. Approximately 36 Nanox.ARC systems are in various stages of deployment, with an additional 17 expected, and distribution agreements for approximately 360 systems in the U.S. over the next two to three years have been executed. The company appointed Guy Nathanzon as the new CFO, effective August 1, 2026, while the current CFO, Ran Daniel, will step down on July 31, 2026. Nanox reported a net loss of $33.4 million for the quarter, an increase from $14.1 million in Q4 2024, largely due to an impairment of long-lived assets amounting to $17.5 million related to the restructuring of its Korean facility. The company maintains its revenue target of $35 million for full-year 2026, though acknowledges that revenue growth depends on system activations and deployment pace. As of December 31, 2025, the company had $60.0 million in cash, cash equivalents, and marketable securities, with a negative cash flow from operations of $40.8 million for the year.