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Nano-X Imaging Ltd.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   20-F20-F20-F20-F20-F
Revenues:  
    AI Solutions  0.30.3   
    Radiology Services  8.21.0   
Total revenues  0.31.369.138.80.0
            Revenue growth   [+]-79.3%-98.1%77.9%  
Cost of goods sold  15.52.80.00.00.0
Gross profit  -15.2-1.569.138.80.0
            Gross margin  -5625.2%-116.0%100.0%100.0% 
Selling, general and administrative   [+]59.357.256.135.41.2
Research and development  26.517.29.62.70.7
Other operating expenses  -39.0-17.743.922.6 
EBITDA   [+]-50.5-56.0-40.3-21.9-1.9
            EBITDA margin  -18708.9%-4295.9%-58.4%-56.3% 
Depreciation  0.90.50.20.10.0
EBITA  -51.4-56.5-40.5-21.9-1.9
            EBITA margin  -19044.1%-4336.0%-58.7%-56.4% 
Amortization of intangibles  10.61.8   
EBIT   [+]-62.0-58.3-40.5-21.9-1.9
            EBIT margin  -22972.6%-4471.6%-58.7%-56.4% 
Non-recurring items   [+]55.73.23.40.7 
Interest income, net   [+]0.8-0.30.10.0 
Other income (expense), net   [+]    0.0
Pre-tax income  -116.9-61.8-43.8-22.6-1.9
Income taxes  -3.70.00.00.00.0
            Tax rate  3.1%0.1%0.0%0.0%0.0%
Earnings from continuing ops  -113.2-61.8 -22.6-1.9
Earnings from discontinued ops    -43.8  
Net income  -113.2-61.8-43.8-22.6-1.9
            Net margin  -41941.9%-4739.1%-63.4%-58.1% 
   
Basic EPS   [+]($2.17)($1.28)$0.00($0.90)($0.09)
Diluted EPS   [+]($2.17)($1.28)$0.00($0.90)($0.09)
   
Dividends per share   [+]$0.00$0.00   
   
Shares outstanding (basic)   [+]52.248.235.725.220.8
Shares outstanding (diluted)   [+]52.248.235.725.220.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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