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$NNOX (Nanox): A developmental-stage 2020 IPO disrupting radiology via innovation, savings, convenience & impactful vertical integration.
Unsurprisingly... a @JoeySolitro pick.
‘Tis time for a thread
Unsurprisingly... a @JoeySolitro pick.
‘Tis time for a thread
The problem?
X-rays/MRIs/CT scans are only accessible for 1/3 of the world due to extremely high cost.
The remaining 2/3? Often wait several weeks for a time slot and several more weeks for diagnosis.
When something is wrong, these weeks can be quite important.
X-rays/MRIs/CT scans are only accessible for 1/3 of the world due to extremely high cost.
The remaining 2/3? Often wait several weeks for a time slot and several more weeks for diagnosis.
When something is wrong, these weeks can be quite important.
$NNOX breakthrough:
“X-ray tubes sourced from digital microelectromechanical system (MEMs) cathodes using semiconductors that achieve same function as legacy X-ray analog cathodes & allows for far lower-cost.”
What the heck does that mean? A whole lot
“X-ray tubes sourced from digital microelectromechanical system (MEMs) cathodes using semiconductors that achieve same function as legacy X-ray analog cathodes & allows for far lower-cost.”
What the heck does that mean? A whole lot
1. $NNOX improves cost & access
Its X-ray tubes rely on semiconductors NOT extreme heat for energy
Meaning:
a) no need to constantly replace $150k damaged tubes
+
b) no need to cool machine
=
Creation of imaging machine (Nanox.Arc) far more affordable using X-ray tube IP.
Its X-ray tubes rely on semiconductors NOT extreme heat for energy
Meaning:
a) no need to constantly replace $150k damaged tubes
+
b) no need to cool machine
=
Creation of imaging machine (Nanox.Arc) far more affordable using X-ray tube IP.
It shows:
Traditional Machines: Millions of dollars & 150k per frequent X-ray tube replacement
$NNOX will sell its machines using its tube IP for 8k-12k
Looks to me like the $NNOX imaging is slightly better as well far cheaper.
Traditional Machines: Millions of dollars & 150k per frequent X-ray tube replacement
$NNOX will sell its machines using its tube IP for 8k-12k
Looks to me like the $NNOX imaging is slightly better as well far cheaper.
2. $NNOX improves dangerous time delays:
http://Nanox.cloud software allows images taken to be uploaded & stored immediately
Enables remote access to radiologists & real-time diagnostics
Connects imaging to diagnostic for completing a weeks-long-process w/in a day.
http://Nanox.cloud software allows images taken to be uploaded & stored immediately
Enables remote access to radiologists & real-time diagnostics
Connects imaging to diagnostic for completing a weeks-long-process w/in a day.
3. Nanox can improve imaging safety:
$NNOX ‘s proprietary X-ray IP uses digital tech rather than traditional analog tech.
Importantly, this enables on/off toggling of electron beams on demand (things that power the X-ray).
This means less radiation exposure for you & me.
$NNOX ‘s proprietary X-ray IP uses digital tech rather than traditional analog tech.
Importantly, this enables on/off toggling of electron beams on demand (things that power the X-ray).
This means less radiation exposure for you & me.
4. Another fix brought to you by Nanox:
Its tube IP can photograph both bones & tissue.
That means...
Can replace both X-ray & MRI tech!
Radiology has barely evolved in 100 yrs. $NNOX is poised to be quite disruptive.
Its tube IP can photograph both bones & tissue.
That means...
Can replace both X-ray & MRI tech!
Radiology has barely evolved in 100 yrs. $NNOX is poised to be quite disruptive.
A quadruple whammy of value creation:
1) cheaper imaging & maintenance
2) integrates imaging & diagnosis to bolster speed & access to docs
3) less radiation exposure
4) Same IP for both MRI & X-ray
1) cheaper imaging & maintenance
2) integrates imaging & diagnosis to bolster speed & access to docs
3) less radiation exposure
4) Same IP for both MRI & X-ray
Planned rev streams
1) Mainly subscription (sub)
Paid per image. Leveraging lower cost to scale distribution & undercut alternatives
2) Sales
Sell machines outright
(only for China)
3) Licensing
retrofitting X-ray tube to traditional hardware (transition phase)
1) Mainly subscription (sub)
Paid per image. Leveraging lower cost to scale distribution & undercut alternatives
2) Sales
Sell machines outright
(only for China)3) Licensing
retrofitting X-ray tube to traditional hardware (transition phase)
Note:
It calls its main sub rev model “Medical screening as a service” (MAaaS)
A little clichè but the cost, access, timeliness, & recurring nature of revenue are all palpable
It calls its main sub rev model “Medical screening as a service” (MAaaS)
A little clichè but the cost, access, timeliness, & recurring nature of revenue are all palpable
An order book... already:
1,000 machines ordered by groups in New Zealand, Norway & Australia. Order worth $174M
Tele-radiology company in USA (USARAD) ordered 3,000 machines.
$SKM plans to deploy 2,500 machines in S Korea & Vietnam.
ALL PENDING APPROVAL
1,000 machines ordered by groups in New Zealand, Norway & Australia. Order worth $174M
Tele-radiology company in USA (USARAD) ordered 3,000 machines.
$SKM plans to deploy 2,500 machines in S Korea & Vietnam.
ALL PENDING APPROVAL
Competitors?
“Some companies have made X-ray achievements using a similar approach. Nobody has achieved a commercially stable source that can be embedded inside an imaging system & operate w/an acceptable lifespan”
Co-founder Hitoshi Masuya
“Some companies have made X-ray achievements using a similar approach. Nobody has achieved a commercially stable source that can be embedded inside an imaging system & operate w/an acceptable lifespan”
Co-founder Hitoshi Masuya
Speaking of leadership:
Hitoshi Masuya still very involved
CEO & co-founder Ran Poliakline:
Founder of Powermat (wireless charging pioneer)
Powermat partners include $GM $T $PG
CTO Yoel Raab:
Former $INTC exec
CFO Itzhak Maayan:
Formerly in fin leadership role w/ $CSCO
Hitoshi Masuya still very involved
CEO & co-founder Ran Poliakline:
Founder of Powermat (wireless charging pioneer)
Powermat partners include $GM $T $PG
CTO Yoel Raab:
Former $INTC exec
CFO Itzhak Maayan:
Formerly in fin leadership role w/ $CSCO
Takeaway:
High risk & upside.
Set to disrupt $21B industry serving 1/3 the
.
Nanox.Arc & cloud could save & improve countless lives... while making a lot of money.
Win win.
Approval makes this thrive.
No approval makes this a 0.
High risk & upside.
Set to disrupt $21B industry serving 1/3 the
.Nanox.Arc & cloud could save & improve countless lives... while making a lot of money.
Win win.
Approval makes this thrive.
No approval makes this a 0.
Colleagues @themotleyfool always say if it works you’ll only need a little... if it doesn’t you’ll only want a little.
I bought a little. Will most likely buy a little more over time.
Full F-1: https://www.sec.gov/Archives/edgar/data/1795251/000114036120017084/nt10006151x8_f1.htm
Long $NNOX
I bought a little
. Will most likely buy a little more over time.Full F-1: https://www.sec.gov/Archives/edgar/data/1795251/000114036120017084/nt10006151x8_f1.htm
Long $NNOX
