Why Is Everybody Talking About Nano-X Stock?

When a friend of mine asked me about stocks the other day, I mentioned that I've been buying shares of Nano-X Imaging (NASDAQ: NNOX). And then he asked me what they did. And I told him.

"X-rays?" he said. "But we've all got X-rays already." And that's true. Most people in the U.S. have access to X-rays. If you have health insurance, there aren't many barriers between you and the imaging technology. But these machines are physically massive and seriously expensive.

What's fascinating about Nano-X is that the company plans to offer a similar X-ray device that is smaller and cheaper to manufacture by a couple of orders of magnitude. Instead of costing over $1 million to produce and sell, Nano-X claims that it can manufacture its new X-ray device and then sell them to hospitals for only $10,000.

Source Fool.com