Nano-X Imaging Ltd. (NNOX) SEC Filings & Earnings Calls

Going concern risk due to insufficient cash to fund operations for at least one year

“Management expects that the Company’s cash and cash equivalents, and deposits, as of September 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.” · word for word

Potential delisting from Nasdaq Global Market if bid price not regained by March 29, 2027.

“Nasdaq notice of non-compliance with Bid Price Requirement.”

Going concern risk: cash resources insufficient to sustain operations without additional financing.

“Cash resources as of June 30, 2026 raised substantial doubt as to its ability to continue as a going concern.”

Nasdaq listing compliance risk: need for increased authorized share capital to support financing and maintain listing.

“Without the additional authorized share capital and the accompanying ability to finance the Company’s operations, the Company would be constrained in pursuing its operational goals.” · word for word

Limited visibility due to excerpt; no specific risks identified.

Going concern risk due to insufficient cash

“management expects that our cash and cash equivalents, and deposits as of March 31, 2026, were not sufficient to support our operations under our current operating plans for at least one year” · word for word

Dilution risk from issuance of 8M shares and 8M warrants.

“8,000,000 ordinary shares and 8,000,000 ordinary warrants issued.”

Dilutive equity offering at $1.00/share with warrants at $1.15, indicating severe cash constraints and low market confidence

“8,000,000 ordinary shares (or pre-funded warrants) and warrants to purchase up to 8,000,000 ordinary shares at a combined purchase price of $1.00 per ordinary share and accompanying Warrant”

Ongoing comprehensive impairment assessment across all assets may result in material write-downs in Q2 2026

“the Company has initiated a comprehensive impairment assessment across all of its assets, including but not limited to long-lived assets and goodwill. ... the Company’s final reported financial results for the period may differ, potentially materially, from the preliminary estimates.” · word for word

Going concern risk: Cash insufficient for 12 months; company needs additional funding.

“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.” · word for word

Funding risk: No assurance of obtaining additional financing.

“There is no assurance that the Company will be able to obtain such funding.” · word for word

Dilution risk: Continued ATM sales may dilute existing shareholders.

“Company has $53.9M remaining under ATM offering.”

Authorized share insufficiency: Current authorized shares may not cover full ATM amount.

“Based on the current market price of the Company’s ordinary shares, the number of ordinary shares authorized and available for issuance under the Articles of Association would be insufficient to permit the issuance and sale of all of the Prospective ATM Shares.” · word for word

Commercialization pace depends on market adoption, site readiness, and regulatory approvals

“the pace of commercialization will continue to depend on a range of factors, including market adoption, customer demand, site readiness, construction timelines, regulatory approvals, and the performance of our partners.” · word for word

Restructuring execution risk

“This includes transitioning away from certain manufacturing activities at our facility in South Korea, starting in the fourth quarter of 2025, and moving from a company-owned manufacturing model to a more fully outsourced approach.” · word for word

Litigation and regulatory risk

“The Division of Enforcement of the U.S. Securities & Exchange Commission (the “SEC” or the “Commission”) conducted an investigation to determine whether there had been any violations of the federal securities laws... The Company paid a civil penalty in the amount of $650,000 and was permanently enjoined...” · word for word

Going concern risk

“Net loss was $75 million for the year ended December 31, 2025, and $53.5 million for the year ended December 31, 2024.” · word for word

Shareholder dilution risk

“In return for the release, and without admission of any liability, we issued the shareholder 450,000 ordinary shares.” · word for word

Geopolitical risk in Middle East could impact operations.

“Company is closely monitoring the evolving geopolitical situation in the Middle East.” · word for word

Restructuring and impairment indicate operational challenges.

“Restructuring of Korean facility and $17.5M impairment.”

Regulatory clearance is a milestone but does not guarantee commercial success; reliance on future clearances for adjunctive use removal.

“Forward-looking statements highlight risks related to development, commercialization, and regulatory approvals.”

Dilution from share issuance.

“Issuance of 3,826,530 ordinary shares.”

Dilution from share issuance.

“Issuance of 3,826,530 ordinary shares.”

Continued gross loss on imaging systems and AI solutions segments indicates scalability challenges.

“Imaging systems gross loss $1.7M; AI solutions GAAP gross loss $1.9M.”

Net loss remains high relative to revenue, indicating ongoing cash burn.

“Net loss $13.7M on revenue $3.4M.”

Acquisition integration risk; earnout contingent on revenue retention.

“Earnout payments contingent upon revenue retention targets.”