The Surprise in Nano-X's Q1 Update That Caused the Stock to Crash
Nano-X Imaging (NASDAQ: NNOX) (or Nanox) has emerged as a perhaps unlikely Wall Street darling. Analysts have become increasingly bullish about the medical imaging technology company over the last few months. However, that optimism has now taken a major hit.
The company announced its first-quarter results before the market opened on Tuesday, and the healthcare stock plunged nearly 21% in pre-market trading. Here's the surprise in Nanox's first-quarter update that caused its shares to crash.
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