NNOX Earnings Prediction
The chart below shows how NNOX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NNOX sees a +3.00% change in stock price 10 days leading up to the earnings, and a -7.43% change 10 days following the report. On the earnings day itself, the stock moves by +4.08%. This data can give you a slight idea of what to expect for the next quarter's release.
NNOX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.03M
22.27%
12.30%
Gross Margin
-92.77%
38.38%
-12.24%
Operating Margin
-466.48%
-21.80%
-12.95%
Net Margin
-449.98%
-47.88%
-10.53%
EPS
-0.23
-37.84%
-0.00%
No Data Available
NNOX Earnings Analysis
NANO-X IMAGING LTD Ordinary Shares Corporation (NNOX.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: The company reported a revenue of $3.0 million for the third quarter of 2024, showing an increase compared to $2.5 million in the same period last year.
Tele-Radiology Revenue and Profit: The tele-radiology services generated $2.6 million in revenue, with a gross profit of $0.3 million, representing a gross profit margin of approximately 15%.
Tele-Radiology Revenue Surge: The company generated $2.6 million in revenues from its tele-radiology services, which is a significant increase from the previous year.
ARC Tube Assembly Completion: The company has successfully completed the assembly of the first ARC tubes with NanoX proprietary emitters, ready for shipment from their manufacturing facility.
Strong Financial Position: The company ended the third quarter of 2024 with a net cash position of approximately $57.1 million, indicating strong financial health.
Negative
Quarterly Net Loss Comparison: Reported a GAAP net loss for the third quarter of 2024 of $13.6 million, compared to a net loss of $21.4 million in the third quarter of 2023, indicating ongoing financial challenges.
Net Loss Decrease Factors: The decrease in net loss was largely due to an increase of $7.4 million in expenses related to impairment of goodwill, highlighting significant operational costs.
Revenue Decline Analysis: Revenue for the reported period was $3.0 million, with a gross loss of $2.8 million on a GAAP basis, reflecting poor revenue generation.
Gross Loss Decline: Non-GAAP gross loss for the reported period was $0.2 million, compared to a non-GAAP gross profit of $0.9 million in the comparable period, indicating a decline in profitability.
R&D Expense Decrease: Research and development expenses net for the reported period were $4.7 million, compared to $6.0 million in the comparable period, showing a decrease in investment in innovation.
NNOX FAQs
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NNOX Earning Call Sentiment
Nano-X Imaging Ltd. (NNOX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NNOX.O
-3.54%Positive
The earnings call summary shows mixed financial results with increased revenue but higher costs and losses. The Q&A reveals uncertainty in regulatory approvals and market expansion, particularly in Europe and LATAM. The lack of a shareholder return plan and unclear management responses further add to the negative sentiment. Despite some positive developments like increased AI revenue, the overall outlook is clouded by uncertainties and financial challenges, leading to a predicted negative stock price movement.