Spectral AI, Inc. (MDAI)

NASDAQ: MDAI · IEX Real-Time Price · USD
1.810
-0.140 (-7.18%)
Jul 2, 2024, 4:00 PM EDT - Market closed
-7.18%
Market Cap 31.64M
Revenue (ttm) 19.30M
Net Income (ttm) -20.45M
Shares Out 17.48M
EPS (ttm) -1.17
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 330,795
Open 1.980
Previous Close 1.950
Day's Range 1.760 - 1.990
52-Week Range 1.520 - 19.500
Beta 0.57
Analysts Strong Buy
Price Target 4.00 (+120.99%)
Earnings Date Aug 15, 2024

About MDAI

Spectral AI, Inc., an artificial intelligence (AI) company, focuses on developing predictive medical diagnostics in the United States. The company develops 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 System, a predictive analytics platform integrated with the predictive AI-Burn, which combines AI algorithms and multispectral imaging (MSI) imaging for an assessment of wound healing potential and offers clinici... [Read more]

Industry Medical Devices
Sector Healthcare
Founded 2013
Employees 78
Stock Exchange NASDAQ
Ticker Symbol MDAI
Full Company Profile

Financial Performance

In 2023, Spectral AI's revenue was $18.06 million, a decrease of -28.82% compared to the previous year's $25.37 million. Losses were -$20.85 million, 616.1% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MDAI stock is "Strong Buy" and the 12-month stock price forecast is $4.0.

Price Target
$4.0
(120.99% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Spectral AI Achieves 100% Pediatric Enrollment in Burn Centers for Pivotal U.S. Burn Study

DALLAS, July 02, 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 ...

15 hours ago - GlobeNewsWire

Spectral AI Joins Russell Microcap® Index

DALLAS, July 01, 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 ...

1 day ago - GlobeNewsWire

Spectral AI Surpasses 90% of Pediatric Enrollment Target in Burn Centers for Pivotal U.S. Burn Study

DALLAS, June 27, 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 ...

5 days ago - GlobeNewsWire

Spectral AI to Participate in the Northland Capital Markets Virtual Growth Conference

DALLAS, June 17, 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 ...

15 days ago - GlobeNewsWire

Spectral AI Reaches 50% Enrollment at Burn Centers for U.S. Pivotal Burn Study

DALLAS, June 06, 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 ...

26 days ago - GlobeNewsWire

Spectral AI Set to Join Russell Microcap® Index

DALLAS, May 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 a...

4 weeks ago - GlobeNewsWire

Spectral AI to Participate in Benzinga's “AI Unleashed: Exploring the Possibilities” Virtual Event

DALLAS, May 28, 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 a...

5 weeks ago - GlobeNewsWire

Spectral AI Announces Purchases of Over 100,000 Shares by Insiders

DALLAS, May 17, 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 a...

6 weeks ago - GlobeNewsWire

Spectral AI Announces Voting Results from 2024 Annual Meeting of Stockholders and the Appointment of Erich Spangenberg to the Board of Directors

DALLAS, May 15, 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 a...

6 weeks ago - GlobeNewsWire

Spectral AI Announces 2024 First Quarter Financial Results

Q1 Overview Research & Development Revenue of $6.3 Million Improved Capital Structure Reflected in Cash of $10.2 Million DeepView AI®-Burn Devices Deployed in UK; Expect Commercial Revenue in 2H 2024 ...

2 months ago - GlobeNewsWire

Spectral AI to Participate at the Sidoti Micro-Cap Virtual Investor Conference

DALLAS, May 02, 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 a...

2 months ago - GlobeNewsWire

Spectral AI Awarded Quality Achievement Award from the Texas Manufacturer Assistance Center

DALLAS, April 30, 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...

2 months ago - GlobeNewsWire

Spectral AI Schedules 2024 First Quarter Financial Results and Conference Call

DALLAS, April 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...

2 months ago - GlobeNewsWire

Spectral AI Names Erich Spangenberg CEO of its IP Focused Subsidiary and Explores Potential Spin-Off of that Subsidiary

Spangenberg brings significant IP monetization experience and the potential to unlock additional value for Spectral AI shareholders Spangenberg brings significant IP monetization experience and the po...

2 months ago - GlobeNewsWire

Spectral AI Appoints Jeremiah Sparks as Chief Commercialization Officer

Experienced Burn Industry Executive Champions Pivot to Commercialization Experienced Burn Industry Executive Champions Pivot to Commercialization

3 months ago - GlobeNewsWire

Spectral AI Announces 2023 Fourth Quarter and Full Year Financial Results

2023 Research & Development Revenue of $18.1 Million Expected to Increase to $28.0 Million in 2024

3 months ago - GlobeNewsWire

Spectral AI Secures Access to $12.5 Million of New Equity Capital

Issuance of Convertible Instrument Balances Certainty, Timing, and Execution Capital Supports Strategic Imperatives and Commercialization Initiatives

3 months ago - GlobeNewsWire

Spectral AI Announces Receipt of $1 Million of Financing for Spectral IP, Inc., its Intellectual Property Subsidiary Focused on the Broader Artificial Intelligence Ecosystem

DALLAS, March 19, 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...

3 months ago - GlobeNewsWire

Spectral AI Schedules 2023 Fourth Quarter and Full Year Financial Results and Conference Call

DALLAS, March 13, 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...

3 months ago - GlobeNewsWire

Spectral AI Announces New US Government Contract to Further Accelerate the Development of the Handheld Version of DeepView™ Wound Imaging System

In the past six months, the Company has announced over $149 million of non-dilutive financing from the US Government for the DeepView™ Wound Imaging System In the past six months, the Company has anno...

4 months ago - GlobeNewsWire

Spectral AI Announces Intellectual Property Subsidiary to Focus on the Broader AI Healthcare Ecosystem

DALLAS, March 07, 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...

4 months ago - GlobeNewsWire

Spectral AI Appoints Peter M. Carlson as CEO

Appointment Paves the Way for Company's Next Chapter in Commercialization Phase of AI-Powered DeepView Device for Predictive Wound Care

4 months ago - GlobeNewsWire

Spectral AI to Participate in Upcoming Investor Conferences

DALLAS, Feb. 28, 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 ...

4 months ago - GlobeNewsWire

Spectral Receives UKCA Authorization for Burn Indication Expected Commercialization 2nd Half 2024

DALLAS, Feb. 22, 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...

4 months ago - GlobeNewsWire

Spectral AI Appoints Dr. J. Michael DiMaio to Board of Directors

The Company's two largest stockholders holding approximately 45% of the Company's outstanding shares have extended their lock-up agreements for an additional 180 days The Company's two largest stockho...

5 months ago - GlobeNewsWire