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Complete financial analysis of Spectral AI, Inc. (MDAI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Spectral AI, Inc., a leading company in the Medical – Devices industry within the Healthcare sector.
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Spectral AI, Inc. (MDAI)
About Spectral AI, Inc.
Spectral AI, Inc. operates as an artificial intelligence (AI) company. The company focuses on medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers. Its products include DeepView, a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound's healing potential prior to treatment or other medical intervention. The company is based in Dallas, Texas.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 18.06M | 25.37M | 15.24M |
| Cost of Revenue | 10.18M | 14.53M | 8.19M |
| Gross Profit | 7.88M | 10.84M | 7.05M |
| Gross Profit Ratio | 43.64% | 42.72% | 46.28% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 20.86M | 13.48M | 11.23M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 20.86M | 13.48M | 11.23M |
| Other Expenses | 0.00 | 49.00K | 0.00 |
| Operating Expenses | 20.86M | 13.48M | 11.23M |
| Cost & Expenses | 31.04M | 28.02M | 19.42M |
| Interest Income | 172.00K | 21.00K | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 722.00K | 568.00K | 1.00K |
| EBITDA | -12.26M | -2.08M | -4.18M |
| EBITDA Ratio | -67.91% | -7.42% | -28.14% |
| Operating Income | -12.98M | -2.65M | -4.18M |
| Operating Income Ratio | -71.91% | -10.43% | -27.42% |
| Total Other Income/Expenses | -7.86M | -159.00K | 93.00K |
| Income Before Tax | -20.84M | -2.81M | -4.09M |
| Income Before Tax Ratio | -115.44% | -11.06% | -26.81% |
| Income Tax Expense | 11.00K | 106.00K | -98.00K |
| Net Income | -20.85M | -2.91M | -3.99M |
| Net Income Ratio | -115.50% | -11.48% | -26.17% |
| EPS | -1.48 | -0.16 | -0.22 |
| EPS Diluted | -1.48 | -0.16 | -0.22 |
| Weighted Avg Shares Out | 14.09M | 17.88M | 17.88M |
| Weighted Avg Shares Out (Dil) | 14.09M | 17.88M | 17.88M |
Spectral AI Announces 2024 Second Quarter Financial Results
Second Quarter Revenue Totals $7.5 Million Total Enrollment Exceeds 85% for Burn Center Pivotal U.S. Clinical Trial Q2 2024 Overview Research & Development Revenue of $7.5 Million Cash Position of $6.9 Million On Track to Generate First Commercial Revenues in...
Spectral AI advances handheld burn assessment device for military use
Spectral AI Inc (NASDAQ:MDAI) announced it continues to advance the development of the DeepView SnapShot M, a handheld diagnostic tool for battlefield burn assessments leveraging its AI-driven DeepView System platform. The company highlighted that the DeepView SnapShot M has been...
Spectral AI Announces Continuing Progress in Development of Handheld DeepView SnapShot M® for Military Field Use
Poster Presentation at 2024 Military Health System Research Symposium Poster Presentation at 2024 Military Health System Research Symposium
Spectral AI Schedules 2024 Second Quarter Financial Results and Conference Call
DALLAS, July 29, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced that it...
Spectral AI expands patent portfolio, bolstering AI-driven wound care platform
Spectral AI Inc (NASDAQ:MDAI) announced a 30% increase in its patent portfolio, enhancing the protection of its proprietary DeepView System wound assessment platform. The total number of patents granted to the company rose to 26, up from 20 at the...
Spectral AI Announces Total U.S. and International Patent Portfolio Now Stands at 26 Granted Patents and 38 Pending Applications in Support of its AI-Driven DeepView System
DALLAS, July 24, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced a 30%...
Spectral AI adds three new clinical sites to pivotal burn study
Spectral AI Inc (NASDAQ:MDAI) announced it has added three new US trial sites to its 2024 Burn Pivotal Study, bringing the total number of sites, including burn centers and emergency departments, to 16. The Medical Center Burn Center at Texas Tech...
Spectral AI Adds Three New Clinical Trial Sites To Expedite Emergency Department Patient Enrollment
DALLAS, July 23, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced that it...
Spectral AI highlights concerns over stock manipulation
Spectral AI Inc (NASDAQ:MDAI) has updated stakeholders on its efforts to address potential market manipulation involving its common stock, primarily through naked short selling. The AI-driven medical diagnostics company told shareholders that it is continuing to support an ongoing naked...
Spectral AI works with market leader on initial steps in Australia
Spectral AI Inc (NASDAQ:MDAI) said it will be assisted by a leading medical device company and burn wound therapy company in its application and potential deployment of its DeepView System for burn indication in Australia. Under a collaboration agreement signed between the two companies, Melbourne-based...
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