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Nanox (NASDAQ: NNOX) flags going concern risk after Q2 2026 revenue update

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6-K

Rhea-AI Filing Summary

NANO-X IMAGING LTD released preliminary, unaudited figures for the quarter ended June 30, 2026 and a brief business update. Revenue is expected at approximately $4.0 to $4.1 million, up from $3.0 million a year earlier, driven by teleradiology, imaging systems and AI software.

Teleradiology services contributed about $2.9 million, imaging systems and OEM services about $0.2 million, and AI and software solutions $1.0 million, mainly reflecting consolidation of Vaso Healthcare IT Corp. Cash, cash equivalents, short-term deposits and long-term restricted deposits were approximately $31.4 million at June 30, 2026 versus $60.0 million at December 31, 2025.

Management states that existing liquidity is not sufficient to fund operations for at least one year from the press release date, raising substantial doubt about the company’s ability to continue as a going concern. The company is pursuing capital-raising efforts and potential cost deferrals and is also evaluating possible impairment charges on certain long-lived assets and goodwill. This disclosure is incorporated by reference into its Form F-3 shelf registration and related July 23, 2026 prospectus supplement.

Positive

  • Preliminary Q2 2026 revenue is expected at $4.0–$4.1 million, compared with $3.0 million in Q2 2025, reflecting higher top-line contribution from teleradiology, imaging systems and AI software.
  • Revenue from AI and software solutions for Q2 2026 rose to $1.0 million from $0.1 million a year earlier, mainly due to consolidation of Vaso Healthcare IT Corp. into Nanox Health IT Inc.

Negative

  • Cash, cash equivalents, short-term deposits and long-term restricted deposits declined to $31.4 million at June 30, 2026 from $60.0 million at December 31, 2025, and management expects this is insufficient to fund operations for 12 months, raising going concern doubt.
  • The company is evaluating potential impairment charges on certain long-lived assets and goodwill, and final Q2 2026 results may differ, potentially materially, from the preliminary unaudited financial data.
  • Management is seeking additional funding in private equity and capital markets but notes there is no assurance such financing will be obtained, underscoring elevated liquidity and financing risk.
Preliminary Q2 2026 Revenue approximately $4.0 to $4.1 million For the three months ended June 30, 2026
Q2 2025 Revenue $3.0 million For the corresponding three-month period in 2025
Q2 2026 Teleradiology Revenue approximately $2.9 million Revenue from teleradiology services during the Reported Period
Q2 2026 Imaging Systems and OEM Revenue approximately $0.2 million Revenue from sale and deployment of imaging systems and OEM services
Q2 2026 AI and Software Revenue $1.0 million Revenue from AI and software solutions during the Reported Period
Cash and Deposits June 30, 2026 approximately $31.4 million Cash, cash equivalents, short-term deposits and long-term restricted deposits
Cash and Deposits December 31, 2025 $60.0 million Cash, cash equivalents, short-term deposits and long-term restricted deposits
preliminary unaudited financial data financial
"furnished certain preliminary unaudited financial data for the second quarter"
teleradiology services medical
"The Company generated revenue through teleradiology services"
Teleradiology services provide remote reading and interpretation of medical images—such as X-rays, CT scans and MRIs—by licensed radiologists using secure digital networks. For investors, these services matter because they can scale like a cloud business, lower hospitals’ costs and speed diagnosis across locations, which can boost recurring revenue, expand market reach and raise questions about data security, regulation and reimbursement that affect profitability.
going concern financial
"raise substantial doubt as to the Company’s ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
impairment charges financial
"require the recognition of impairment charges relating to certain long-lived assets"
Impairment charges are one-time accounting write-downs taken when a company decides an asset — like a factory, brand, patent, or investment — is worth less than it was recorded for. Like marking down the price of a damaged item on a store shelf, they reduce reported profits and the asset’s book value; investors watch them because they can signal lasting business problems or change future earnings and balance-sheet strength.
long-lived assets financial
"impairment charges relating to certain long-lived assets and/or goodwill"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What preliminary Q2 2026 revenue did NANO-X IMAGING LTD (NNOX) report?
NANO-X IMAGING LTD expects preliminary unaudited Q2 2026 revenue of approximately $4.0 to $4.1 million. This compares with $3.0 million in Q2 2025 and includes contributions from teleradiology, imaging systems and OEM services, and AI and software solutions.

How did NNOX's cash position change by June 30, 2026?
NNOX reports cash, cash equivalents, short-term deposits and long-term restricted deposits of approximately $31.4 million at June 30, 2026. This is down from $60.0 million at December 31, 2025, and management believes current liquidity cannot fund operations for 12 months.

What going concern risks does NANO-X IMAGING LTD (NNOX) highlight?
Management states that existing cash and deposits are not sufficient to support operations for at least one year, raising substantial doubt about NNOX’s ability to continue as a going concern. The company is pursuing fundraising and may postpone non-committed expenses as mitigating actions.

How did NNOX's AI and software revenue perform in Q2 2026?
For Q2 2026, NNOX generated $1.0 million in revenue from its AI and software solutions, compared with $0.1 million in Q2 2025. The company states this increase is related mainly to consolidating Vaso Healthcare IT Corp. (now Nanox Health IT Inc.).

Is NANO-X IMAGING LTD (NNOX) evaluating impairment charges for Q2 2026?
Yes. NNOX is assessing whether identified events and circumstances require recognizing impairment charges on certain long-lived assets and/or goodwill. This evaluation is not complete, so potential impairments are not included in the preliminary data and could materially affect final results.

How is NNOX generating revenue across its business lines in Q2 2026?
In Q2 2026, NNOX generated about $2.9 million from teleradiology services, around $0.2 million from imaging systems and OEM services, and $1.0 million from AI and software solutions, reflecting its diversified medical imaging and health IT offerings.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number: 001-39461

 

NANO-X IMAGING LTD

(Translation of registrant’s name into English)

 

Ofer Tech Park

94 Shlomo Shmeltzer Road

Petach Tikva

Israel 4970602

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

CONTENTS 

 

Preliminary Quarterly Results

 

On July 23, 2026, NANO-X IMAGING LTD. (the “Company”) issued a press release providing a brief business update and furnishing certain preliminary unaudited financial data for the Company’s second quarter ended June 30, 2026. A copy of that press release is attached to this Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”) as Exhibit 99.1.

 

Exhibits

 

Exhibit No.   Exhibit
99.1   Press release, dated July 23, 2026, issued by the Company, providing a brief business update and reporting certain preliminary unaudited financial data for the Company’s second quarter ended June 30, 2026

 

Incorporation by Reference

 

The contents of this Form 6-K, including Exhibit 99.1 hereto, are hereby incorporated by reference into the Company’s shelf registration statement on Form F-3 (File No. 333-294302), initially filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on March 13, 2026 (the “Form F-3”), including the prospectus supplement, dated July 23, 2026, filed by the Company with the SEC pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended, on July 23, 2026, which supplements the prospectus forming a part of the Form F-3.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NANO-X IMAGING LTD
     
  By: /s/ Erez Meltzer
  Name:  Erez Meltzer
  Title: Chief Executive Officer and Acting Chairman of the Board
     
  Date: July 23, 2026

 

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Exhibit 99.1

 

Nanox Provides Business Update and Furnishes Certain Preliminary Unaudited Financial Data for Second Quarter Ended June 30, 2026

 

PETACH TIKVA, Israel — July 23, 2026 — NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, today provided a brief business update and furnished certain preliminary unaudited financial data for the second quarter ended June 30, 2026. The preliminary figures are estimates based on currently available information, are preliminary and unaudited, and are subject to change upon completion of the Company’s financial close process, final adjustments, management review and other internal procedures, review by its independent auditors, and other developments, including completion of the Company’s evaluation of potential impairment charges. The Company’s final reported unaudited financial results for the second quarter of 2026 may differ materially from the preliminary figures and will be reported in a subsequent press release at a later date.

 

Business Update

 

- Nanox.ARC U.S. Commercial Activity:

 

●Nanox has signed an additional Nanox.ARC CapEx agreement in the United States.

 

●Several additional Nanox.ARC and Nanox.ARC X installations are expected over the coming months.

 

- Nanox Imaging Network (NIN):

 

●Nanox has completed the first installation within the Nanox Imaging Network (NIN) in Philadelphia. The site is preparing for its first patient scan. Activities to support physician outreach and commercial activation at the site have commenced.

 

- Nanox.AI Commercial Agreement:

 

●Nanox has entered into a sales reseller agreement with Vertec Scientific Ltd. for the Nanox.AI Bone solution in the United Kingdom. Vertec is also the exclusive supplier of Hologic DXA scanners in the UK, with an extensive network of key opinion leaders, clinics and hospitals. The agreement grants Vertec an exclusive, revocable, non-sublicensable, non-transferable, limited license to market and resell the applicable Nanox.AI services in the United Kingdom, subject to Vertec satisfying minimum annual license commitments. If Vertec fails to meet the applicable minimum commitment, Nanox may revoke exclusivity and continue the agreement on a non-exclusive basis. The agreement has a three-year initial term with automatic one-year renewals unless notified otherwise by either party.

 

“We are encouraged by the progress we have made since our last earnings call,” said Erez Meltzer, Chief Executive Officer and Acting Chairman of the Board of Nanox. “We continue to see positive progress during the third quarter across our commercial and strategic initiatives, from advancing Nanox.ARC deployments and the activation of our first Nanox Imaging Network site to expanding the commercial reach of our Nanox.AI business through new partnerships. We remain focused on disciplined execution and long-term value creation.”

 

Preliminary Financial Data for the Three Months Ended June 30, 2026

 

Preliminary Revenue Data

 

On a preliminary unaudited basis, the Company expects its revenue to be approximately $4.0 to $4.1 million for the three months ended June 30, 2026 (the “Reported Period”), compared to $3.0 million for the corresponding three-month period in 2025 (the “Comparable Period”). During the Reported Period, the Company generated revenue through teleradiology services, the sale and deployment of its imaging systems and its AI and software solutions.

 

The Company’s revenue from teleradiology services for the Reported Period was approximately $2.9 million, compared to revenue of $2.7 million in the Comparable Period.

  

 

 

 

During the Reported Period, the Company generated revenue through the sale and deployment of its imaging systems and OEM services which amounted to approximately $0.2 million for the Reported Period, compared to revenue of $0.2 million in the Comparable Period.

 

The Company’s revenue from its AI and software solutions for the Reported Period was $1.0 million, compared to revenue of $0.1 million in the Comparable Period. This increase in revenue is related mainly to the consolidation of Vaso Healthcare IT Corp. (now Nanox Health IT Inc.) by the Company.

 

Preliminary Balance Sheet Data

 

On a preliminary unaudited basis, the Company expects its cash, cash equivalents, short-term deposits and long-term restricted deposits to be approximately $31.4 million as of June 30, 2026, as compared to $60.0 million as of December 31, 2025.

 

The Company expects to continue to incur significant costs related to its ongoing operations. Management expects that the Company’s cash and cash equivalents, and deposits, as of June 30, 2026, are not sufficient to support the Company’s operations under its current operating plans for at least one year from the date of this press release. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. Management is continuing in the process of fund raising in the private equity and capital markets as the Company will need to finance future activities However, there is no assurance that the Company will be able to obtain such funding. In addition, the Company is exploring the use of mitigating actions such as postponing expenses that are not based on firm commitments.

 

Cautionary Note Regarding Preliminary Financial Data

 

The preliminary financial data set forth above represents the Company’s current estimates based on information available as of the date of this press release. These estimates are preliminary and unaudited, have been prepared by and are the responsibility of the Company’s management, and are subject to the completion of the Company’s financial closing procedures, final adjustments, management review and other internal review procedures, and other developments that may arise between now and the time the financial results are finalized. In particular, as part of the preparation of its financial statements for the three months ended June 30, 2026, and in accordance with U.S. GAAP, the Company is evaluating whether identified events and circumstances require the recognition of impairment charges relating to certain long-lived assets and/or goodwill. This evaluation has not been completed. Accordingly, the preliminary financial data included herein does not reflect the outcome of that assessment, and the Company’s final reported financial results may differ, potentially materially, from the preliminary estimates. The Company does not undertake to update this information, except as may be required by law.

 

In addition, the Company’s independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial results. Accordingly, it does not express an opinion or any other form of assurance with respect thereto.

 

About Nanox

 

Nanox (NASDAQ: NNOX) is focused on driving the world’s transition to preventive health care by delivering an integrated, end-to-end medical imaging and healthcare services platform.

 

Nanox combines affordable imaging hardware, advanced AI-based solutions, cloud-based software, access to remote radiology, health IT solutions, and a marketplace to enable earlier detection, improved clinical efficiency, and broader access to care.

 

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Nanox’s vision is to expand the reach of medical imaging both within and beyond traditional hospital settings by providing a seamless solution from scan to interpretation and beyond. By leveraging proprietary digital X-ray technology, AI-driven analytics, and a clinically driven approach, Nanox aims to enhance the efficiency of routine imaging workflows, support early detection of disease, and improve patient outcomes.

 

The Nanox ecosystem includes Nanox.ARC, a cost-effective, 3D multi-source digital tomosynthesis imaging system designed for ease of use and scalability; Nanox.AI, a suite of AI-based algorithms that augment the interpretation of routine CT imaging to identify early signs often associated with chronic disease; Nanox.CLOUD, a cloud-based platform for secure data management, storage, and advanced imaging analytics; Nanox.MARKETPLACE and USARAD Holdings, which provides access to remote radiology and cardiology experts and comprehensive teleradiology services; and Nanox Health IT combines deep healthcare IT expertise with leading technology partners to deliver RIS, PACS, AI, dictation, and secure infrastructure solutions that streamline workflows and support safer, more efficient care delivery.

 

By integrating imaging technology, AI, cloud infrastructure, clinical expertise, a marketplace, and health information technology, Nanox seeks to lower barriers to adoption, improve utilization, and advance preventive care worldwide. For more information, please visit https://www.nanox.vision.

 

Forward-Looking Statements

 

This press release contains forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements, including, without limitation, statements regarding expected Nanox.ARC and Nanox.ARC X installations; preparation for a first patient scan, physician outreach and commercial activation within the Nanox Imaging Network; the anticipated benefits of the Nanox.AI distribution agreement in the United Kingdom, including dedicated commercial support and annual minimum purchase commitments; statements regarding the Company’s third-quarter progress and business objectives; preliminary unaudited revenue, revenue by category, cash, cash equivalents, deposits and restricted deposits; expected future operating costs, liquidity, going concern matters, potential impairment charges and the timing and content of final reported financial results. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to (i) the preliminary and unaudited nature of the financial data included in this press release, the completion of the Company’s financial closing procedures, final adjustments, management review and other internal review procedures and the Company’s ongoing evaluation of potential impairment charges; (ii) Nanox’s ability to complete development of the Nanox System; (iii) Nanox’s history of recurring losses and negative cash flows from operating activities, significant future commitments, the uncertainty regarding the adequacy of Nanox’s liquidity to pursue its complete business objectives, substantial doubt regarding its ability to continue as a going concern and its ability to raise additional capital on acceptable terms or at all; (iv) Nanox’s ability to complete development of the Nanox System and successfully demonstrate the feasibility of its technology for commercial applications; (v) Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its technology, the Nanox.ARC and Nanox.CLOUD from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; (vi) Nanox’s ability to complete installations, commercially activate sites, support physician outreach, customer adoption and generate anticipated revenue from its imaging systems, AI and software solutions and teleradiology services, and convert pipeline opportunities into accepted purchase orders and revenue; (vii) Nanox’s ability to realize the anticipated benefits, on the anticipated timeline or at all, of acquisitions, distribution arrangements and other commercial agreements, including annual minimum purchase commitments, which may be affected by, among other things, competition, customer adoption, brand recognition, integration risks, the ability of acquired businesses to grow and manage growth profitably and retain key employees; (viii) Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.ARC; (ix) market acceptance of the Nanox System and the proposed pay-per-scan business model; (x) Nanox’s expectations regarding collaborations with third parties and their potential benefits; (xi) Nanox’s liquidity and going concern risks; (xii) Nanox’s ability to conduct business globally; (xiii) changes in global, political, economic, business, competitive, market and regulatory forces; (xiv) risks related to the current conflict between the United States (and, at times, Israel), on the one hand, and Iran and its proxies, on the other hand, and any adverse impact of that conflict on Israel; and (xv) risks related to litigation, which may result in significant liability and damage to the Company’s reputation.

 

For a discussion of other risks and uncertainties, and other important factors, any of which could cause Nanox’s actual results to differ from those contained in forward-looking statements or from the preliminary unaudited financial data furnished in this press release, please see the section titled “Risk Factors” in Nanox’s Annual Report on Form 20-F for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2026, and in subsequent documents filed with, or furnished to, the SEC by Nanox. The reader should not place undue reliance on any forward-looking statements or preliminary unaudited financial data included in this press release. Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements or preliminary unaudited financial data after the date of this press release to conform these statements or data to actual results or to changes in Nanox’s expectations.

 

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