🔴 Nanox Imaging is trading 8% down after going-concern warning

Nanox Imaging is trading at $0.42, down 7.99%, after its going-concern warning.

• On October 16, it said approximately $26.0 million in cash and deposits would not support operations for at least one year under current plans, raising substantial doubt about continuing as a going concern.
• Preliminary Q3 revenue was estimated at $4.3–$4.4 million, versus $3.4 million a year earlier; growth has not offset the liquidity risk.
• Major indices were mixed, so the supplied context does not establish a broad-market explanation for the decline.