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Nanox approves plan targeting 25%-30% reduction in annualized operating expenses
NNOXNano-X Imaging Ltd.
The Board of Directors approved a strategic realignment and efficiency plan to reduce GAAP and non-GAAP operating expenses by 25%–30% compared to annualized 2026 levels. The measures include global workforce reductions, operational adjustments, and restructuring of South Korea operations, which previously announced $2 million in annual savings. Implementation is expected by the end of Q1 2027 to lower cash burn and extend liquidity. The company also outlined four strategic priorities: accelerating U.S. commercialization of Nanox.ARC and the Nanox Imaging Network; strengthening commercial partnerships; improving operational efficiency; and evaluating financing alternatives. Substantial doubt remains regarding the company's ability to continue as a going concern, and it may need additional financing that is not guaranteed.