Nanox Announces Second Quarter 2026 Financial Results and Provides Business Updates
Nanox reported Q2 2026 revenue of $4.2 million, up 37% year-over-year, but the growth was driven largely by consolidating the Nanox Health IT business acquired at the end of 2025, which contributed $0.9 million. GAAP net loss widened to $55.5 million from $14.7 million a year ago, driven by a $40.7 million impairment of intangible assets in the AI solutions unit that was triggered by a significant decline in the share price and reduced forecasted revenues.
Key figures
- Revenue
- 4156000
- Revenue Yoy
- 37%
- Cash dec 31 2025
- $60.0 million
- Impairment charge
- 40700000
- Cash and equivalents
- $31.4 million
- Gaap gross loss margin
- -1,051%
- Workforce reduction korea
- 67%
- Non gaap gross loss margin
- -13%
- Post quarter capital raise
- $8.5 million
- Annual cost savings expected
- $2 million
- Restructuring expenses expected
- $0.9 million
- Remaining ai intangibles fair value
- $1.9 million
AI analysis
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