Nano-X Imaging Ltd (NNOX) said before open Tuesday that it lost $0.16 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $2.2 million, missing estimates by $140 thousand.
In the same quarter a year ago, the company lost $0.18 per share on revenue of $0.00.
The stock is up 4.32% to $16.20 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 69. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Nano X Imaging Ltd is engaged in the business of manufacturing medical imaging systems. It offers a Nanox System which is a combination of hardware and software. It develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that will allow for the delivery of medical screening as a service.
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Nano-X Imaging Ltd Up 4.32% To $16.20 After Earnings Beat
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