By Adam L. Cataldo
Nano-X Imaging’s shares advanced after it reported first-quarter earnings that showed a rise in revenue and a narrower per-share loss.
The medical imaging systems company’s stock rose 11%, to $19.90, Monday, on volume of 3.4 million shares traded, almost four times the 52-week average. The stock has almost doubled in price this year, and is up 95% in the last 52 weeks.
Israel-based Nano-X reported revenue of $2.45 million for the quarter ending March 31, up from $1.8 million for the same period a year ago. The company had a loss of 21 cents a share, narrower than the loss of 41 cents a share in the first quarter of 2022.
Write to Adam Cataldo at [email protected]
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