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Why Nano-X Imaging Zoomed 15% Higher Today

TheMotleyFool

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Why Nano-X Imaging Zoomed 15% Higher TodayPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

Revenue has started to flow into ambitious next-generation medical technology specialist Nano-X Imaging (NASDAQ: NNOX), also known as Nanox. Investors were handsomely rewarding the company for this on Thursday as the stock popped by over 15% after fourth-quarter results were published.

For the period, Nanox booked revenue of $1.3 million, up from $0 in the same quarter one year previous. Going in the opposite direction was the company's non-GAAP (adjusted) net loss, which came in at more than $39 million ($0.81 per share) against 2020's Q4 $18.9 million net loss.

Image source: Getty Images.

Source Fool.com

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