Why did NNOX's Q4 earnings fall short of forecasts?

Nano-X Imaging's (NNOX) Q4 earnings fell short of forecasts due to several key factors:

1. **Revenue Shortfall**: The company reported total revenue of $3 million for Q4, which was significantly lower than the consensus estimate of $3.8 million. This shortfall can be attributed to decreased sales in certain segments, particularly in AI solutions revenue.
2. **Increased Net Losses**: Despite some positive developments, Nano-X reported a GAAP net loss of $14.06 million for Q4 2024, a significant increase from the $10.25 million loss in Q4 2023. This rise in net losses contributes to the overall shortfall in earnings.
3. **Gross Loss in Imaging Systems**: The company reported ongoing gross losses in certain segments, which could be a result of high operational costs or inefficiencies in production. This gross loss negatively impacts the profitability of the company and contributes to the earnings shortfall.

In summary, Nano-X's Q4 earnings fell short of forecasts due to lower-than-expected revenue and increased net losses, primarily driven by gross losses in imaging systems and AI solutions revenue shortfall.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|NNOX|NNOX.O|Nano-x Imaging|2024 Q1|-1750000|2553000|185|
|NNOX|NNOX.O|Nano-x Imaging|2024 Q2|-1230000|2699000|185|
|NNOX|NNOX.O|Nano-x Imaging|2024 Q3|-880000|3031000|185|
|NNOX|NNOX.O|Nano-x Imaging|2024 Q4|-800000|3000000|185|