Nano X Imaging Q1 2024 Adj EPS $(0.14) Beats $(0.26) Estimate, Sales $2.553M Miss $4.415M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nano X Imaging reported its Q1 2024 results with an adjusted EPS of $(0.14), beating the estimate of $(0.26). However, sales were $2.553M, missing the $4.415M estimate.
May 28, 2024 | 12:03 pm
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NEUTRAL IMPACT
Nano X Imaging's Q1 2024 adjusted EPS of $(0.14) beat the estimate of $(0.26), but sales of $2.553M missed the $4.415M estimate. This mixed result may lead to short-term volatility in the stock price.
The better-than-expected EPS is a positive sign, but the significant miss on sales could concern investors. This mixed outcome is likely to cause short-term volatility in NNOX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100