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NANO-X IMAGING LTD (Nasdaq: NNOX) is at the forefront of revolutionizing medical imaging through its cutting-edge nanotechnology. The company is developing the next generation of X-ray emitters that aim to bring X-ray imaging into the digital era. Its primary offering, the Nanox System, is a combination of hardware and software designed to enhance and modernize medical imaging.
The key component of this system is the Nanox.ARC, a digital X-ray source that incorporates novel nanotechnology to create detailed 3D images. Accompanying this is the Nanox.CLOUD, a cloud-based software platform that enables the delivery of medical screening as a service.
Nano X Imaging Ltd has made significant strides with its Nanox.AI subsidiary, which focuses on deep-learning medical imaging analytics. This arm of the company leverages AI technology to extract valuable clinical insights from routine medical imaging, facilitating early detection and preventative care pathways for patients globally.
One of the latest achievements includes a remarkable study conducted in partnership with the NHS under the Falls and Fragility Fracture Audit Programme (FFFAP). The study revealed a substantial increase in patient identification for spine fractures using the Nanox.AI algorithm, surpassing the national average by up to sixfold. This success highlights the potential of AI-powered solutions in early diagnosis and improved patient care.
Moreover, Nanox has been actively involved in enhancing its AI capabilities with the development of HealthVCF and its updated version HealthOST, both of which received FDA 510(K) clearance. These AI tools focus on highlighting low bone mineral density and measuring the severity of vertebral compression fractures, thus playing a crucial role in osteoporosis management.
The company also offers Second Opinions, an online medical consultation service through its subsidiary USARAD Holdings INC. This platform integrates Nanox.AI's FDA-cleared AI solutions, allowing patients to gain second opinions from medical experts, promoting early detection and preventive management of chronic conditions.
By providing accessible and affordable diagnostic tools, Nanox's vision is to improve early detection and treatment, thereby enhancing global health outcomes and saving lives. The company's comprehensive ecosystem—including Nanox.ARC, Nanox.AI, Nanox.CLOUD, and USARAD's teleradiology services—creates an innovative network connecting medical imaging solutions from scan to diagnosis.
NANO-X IMAGING LTD (Nasdaq: NNOX) announced the connection of its subsidiary Nanox.AI to the Nuance Precision Imaging Network on February 14, 2023. This collaboration enhances care team communications and integrates AI insights into clinical workflows, aiming to improve healthcare outcomes and reduce costs. Nanox.AI focuses on addressing chronic diseases through AI-driven imaging solutions, including FDA-cleared products for bone and cardiovascular health. Powered by Microsoft Azure, the Nuance network serves over 12,000 healthcare facilities and supports 80% of U.S. radiologists, potentially increasing the reach of Nanox's innovative imaging technologies.
NANO-X IMAGING LTD (NASDAQ: NNOX) announced its Q3 2022 results, reporting $2.4 million in revenue, up from $2.2 million in Q2 2022. The company reported a net loss of $19.1 million, compared to $13.5 million in Q3 2021, largely due to increased R&D and administrative expenses.
As of September 30, 2022, NNOX held $117.1 million in cash and marketable securities, reflecting a decrease of $39.5 million in cash flow from operations over the nine-month period. The company is advancing its Nanox.ARC imaging system and has received a Helsinki permit for clinical trials.
Nano-X Imaging Ltd (NASDAQ: NNOX) will announce its Q3 financial results on November 10, 2022. CEO Erez Meltzer and CFO Ran Daniel will host a conference call at 8:30 a.m. ET to discuss the results and provide a business update. The call can be accessed via a registration link and will also be available as a live webcast. The company focuses on making diagnostic imaging more accessible globally with its proprietary technology, including the Nanox.ARC and Nanox.CLOUD, aiming to enhance early medical condition detection and improve health outcomes.
Nanox Imaging Ltd (Nasdaq: NNOX) will host its first in-person ARC Day from November 15-17, 2022, at its headquarters in Neve Ilan, Israel. The event aims to showcase the Nanox.ARC imaging system and its integrated AI technology and teleradiology services. A live demonstration will occur on November 16 at 9:30 AM ET, followed by a Q&A session. The company aims to enhance global access to medical imaging, targeting regions lacking sufficient medical imaging capabilities, thus improving early detection and health outcomes.
NANO-X IMAGING LTD (NASDAQ: NNOX) announced participation in two investor conferences in September 2022. The management team, including CEO Erez Meltzer and CFO Ran Daniel, will present at the LifeSci Partners HealthTech Symposium on September 21 at 8:30 AM ET and the Ladenburg Thalmann Healthcare Conference on September 29 at 4:30 PM ET. Both presentations will be streamed live, with replays available on the Company’s website. Nanox aims to enhance accessibility to diagnostic imaging through innovative technology, thereby improving health outcomes globally.
Nano-X Imaging Ltd (NASDAQ: NNOX) reported a revenue increase to $2.2 million for Q2 2022, up from $1.8 million in Q1 2022. Cash, cash equivalents, and marketable securities totaled $126.7 million as of June 30, 2022. Key developments include plans for deploying the Nanox.ARC in Nigeria and a partnership with BIO Ventures for Global Health. The company faced a net loss of $19.6 million, compared to $13.6 million in Q2 2021, largely due to increased R&D and general administrative expenses. The gross loss was $1.8 million during the quarter.
Nano-X Imaging Ltd (NASDAQ: NNOX) will announce its Q2 financial results ending June 30, 2022, on August 16, 2022, before market opening. CEO Erez Meltzer and CFO Ran Daniel will host a conference call at 8:30 a.m. ET for a business update. The company aims to enhance accessibility to medical imaging through its technology, which includes the Nanox System and Nanox.CLOUD. Forward-looking statements carry risks related to technology development and market acceptance, underscoring the uncertainties surrounding the company's future performance.
NANO-X IMAGING LTD (NASDAQ: NNOX) reported its first-quarter 2022 results, achieving $1.8 million in revenue, a notable increase from $0 in Q1 2021. This reflects a 38% growth compared to $1.3 million in Q4 2021. The company reported a net loss of $21.7 million, up from $12.7 million in the prior year, driven by increased R&D and administrative expenses. As of March 31, 2022, cash and marketable securities stood at $139.5 million. The company continues to make strides in securing regulatory approvals and expanding its customer base.
Nano-X Imaging Ltd (NASDAQ: NNOX) will release its Q1 2022 results on May 19, 2022, before market opening. CEO Erez Meltzer and CFO Ran Daniel will host a conference call at 8:30 a.m. ET to discuss the results and business updates. Interested parties can join via phone or access the webcast through provided links. Nano-X is committed to enhancing diagnostic imaging accessibility and affordability globally, utilizing advanced technology like the Nanox.ARC and Nanox.CLOUD.
NANO-X IMAGING LTD (Nasdaq: NNOX) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the U.S. SEC on May 2, 2022. This report includes the company's audited consolidated financial statements, which can be accessed on the SEC's and Nanox's websites. Nanox aims to enhance diagnostic medicine accessibility and affordability through its proprietary imaging technology and solutions. Shareholders can request a hard copy of the annual report free of charge by contacting Investor Relations.
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