Nano-X Imaging Ltd.
NNOX · X-Ray Apparatus & Tubes & Related Irradiation Apparatus · EDGAR filings ↗
Reference price $1.65 — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
D44Pre-scale digital X-ray/AI imaging company with negative gross margins, heavy losses and going-concern doubt.
Strengths
- Adequate near-term liquidity (current 3.96, ~$49M cash) and revenue growth +15% (68th pct)
- FDA clearances and CE mark for Nanox.ARC/ARC X expanding the addressable market
Risks
- Negative gross margin (-98%, 1.6th pct), net margin -576%, $75M net loss and $448.8M accumulated deficit
- Going-concern doubt with ~4.4 quarters of runway and ongoing dilution to fund operations
Notable findings
- Going concern● Management has concluded that there is substantial doubt about our ability to continue as a going concern, and the report of our independent registered public accounting firm contains an explanato
- Net lossNet loss (net margin -576.1%)
- Cash burnNegative free cash flow (-45.0M)
Key metrics
Gross margin
-98.2%
Operating margin
-600.8%
Net margin
-576.1%
Return on equity
-53.7%
Return on assets
-46.3%
Revenue growth (QoQ)
15.4%
Current ratio
4.0×
Free cash flow
-$45M
Tangible book value
$80M
Cash & investments
$49M
Cash runway
4q
Stock comp / revenue
32.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Alroy Erez | Sell | 209 | $1.65 |
| 2026-06-10 | Alroy Erez | Sell | 469 | $1.65 |
| 2026-03-18 | Daniel Ran | Disposition | 39K | — |
| 2025-09-05 | Daniel Ran | Buy | 1.0K | $3.65 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050191 ↗ |
| 20-F | 2025-04-09 | 2024-12-31 | 0001213900-25-030318 ↗ |
| 20-F | 2024-04-22 | 2023-12-31 | 0001213900-24-034697 ↗ |
| 20-F | 2023-05-01 | 2022-12-31 | 0001213900-23-034133 ↗ |
| 20-F | 2022-05-02 | 2021-12-31 | 0001213900-22-022912 ↗ |
| 20-F | 2021-04-06 | 2020-12-31 | 0001213900-21-020392 ↗ |