NANO-X IMAGING LTD Ordinary Shares (NNOX)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Nano-X as a Graham-style speculation, not a proven business. It sells a digital tomographic imaging system and teleradiology/AI services, a capital-intensive field where adoption, regulation, and reimbursement determine whether a product becomes a franchise. The figures show a tiny revenue base: in the second quarter of 2026, revenue was $4.2 million, while net loss was $55.5 million, a negative margin of 1,335.11%. The provided revenue growth figure is 53.14%, but the period is not named in the data; profit growth is -7.75%, and EPS is -$1.72. Trailing free cash flow was -$52.1 million, and the FairStock-calculated FCF yield is -41.6% on the $125.3 million market cap, so the company is burning cash. The balance sheet shows low leverage with debt/equity of 0.11, but FairStock-calculated ROE is -98.98% and ROCE is -27.86%. Financial strength scores are poor: FairStock-calculated Piotroski is 2/9 and Altman Z-Score is -5.57. On valuation, at the 2026-10-13 close of $0.51, FairStock calculates P/B of 0.28 and P/E of -0.30. The low price-to-book could attract asset-minded buyers, but book value is only meaningful if losses stop eroding it. The 52-week range of $0.50 to $4.70 shows how far sentiment has fallen. No Lynch category can be computed because there are zero years of filed results and the rule needs three. I see no clear moat yet—only a promise that better imaging economics might emerge. Without evidence of durable profits, this remains a speculative turnaround, not a value investment.

In plain English: Nano-X makes advanced medical imaging equipment and related online radiology and artificial intelligence services. The business is growing sales but still loses large amounts of money and burns cash. At 51 cents a share, the price looks very low compared with what the company owns on paper, but it does not look supported by profits.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer