Nano-X Imaging Ltd. released its latest financial results, reporting a revenue of $0.2 million from its AI solutions for the recent period, an increase from $97 thousand in the comparable period. The company also reported a gross loss of $1.9 million on a GAAP basis, compared to a $2.0 million gross loss in the previous period. On a non-GAAP basis, the company's AI solutions recorded a gross profit of $81 thousand, improving from $29 thousand in the comparable period. Research and development expenses netted $5.0 million, down from $5.2 million, attributed primarily to a $0.2 million decrease in share-based compensation and a $0.8 million reduction in research and development activity expenses, offset by a $0.8 million decrease in grants received following the completion of the NHSX development project. Sales and marketing expenses for the period amounted to $0.9 million. The company did not provide any specific guidance regarding the number of units expected to be deployed and operational by the end of 2025 or any updates on its research and development, manufacturing, and commercialization activities related to its X-ray source technology and the Nanox.ARC.
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