NNOX - Nano-X Imaging: System Deployments Finally Begin
2024-04-01 16:50:00 ET
Summary
- Nano-X Imaging is executing its long-awaited roll-out strategy with multiple Nanox.ARC system deployments in the U.S.
- The company has also made progress in Africa and Latin America with installations and distribution agreements.
- However, financial performance is still lagging with scant details on how Nano-X will scale up to commercial scale.
- The story is improving, but there are still too many concerns for me to invest in NNOX stock.
In December, when I last updated on Nano-X Imaging Ltd. ( NNOX ), the company had just released its Q3/2023 earnings report and disclosed that the company was ramping up commercial deployments in the U.S. with a 2-pronged approach of selling OEM systems as well as deploying a "Scan-As-A-Service" ("Saas") business model (Figure 1)....
Nano-X Imaging: System Deployments Finally Begin