Spectral AI Third Quarter 2024 Earnings: Beats Expectations

Spectral AI (NASDAQ:MDAI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$8.17m (up 138% from 3Q 2023).
• Net loss: US$1.50m (loss narrowed by 86% from 3Q 2023).
• US$0.084 loss per share (improved from US$0.77 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Spectral AI Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

You should learn about the 7 warning signs we've spotted with Spectral AI (including 2 which are a bit unpleasant).

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