MDAI
Spectral AI, Inc.
Price Chart
Latest Quote
$1.71
| Previous Close | $1.73 |
| Open | $1.72 |
| Day High | $1.77 |
| Day Low | $1.71 |
| Volume | 212,839 |
Stock Information
| Shares Outstanding | 31.82M |
| Total Debt | $9.94M |
| Cash Equivalents | $11.65M |
| Revenue | $16.93M |
| Net Income | $-13.88M |
| Sector | Healthcare |
| Industry | Medical Devices |
| Market Cap | $52.83M |
| EPS (TTM) | $-0.53 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $51.11M |
| Sales | $16.93M |
| Income | $-13.88M |
| Book/sh | $-0.28 |
| Cash/sh | $0.37 |
| Employees | 65 |
Financial Ratios
| Quick Ratio | 0.60 |
| Current Ratio | 0.75 |
Returns & Margins
| ROA | -31.46% |
| Gross Margin | 45.97% |
| Operating Margin | -49.39% |
| Profit Margin | -81.96% |
Ownership
| Insider Ownership | 12.83% |
| Institutional Ownership | 15.21% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -1.77 |
| P/S | 3.12 |
| P/B | -5.99 |
Analyst Data
| Recommendation | none |
| Target Price | $5.42 |
Technical Indicators
| SMA20 | $1.91 |
| SMA50 | $2.05 |
| SMA200 | $1.82 |
| RSI | 25.00 |
| ATR | 0.1018 |
| Shares Float | 27.62M |
| Short Float | 8.33% |
| Short Ratio | 2.22 |
| Volatility | 1.15 |
| Rel Volume | 0.69 |
Performance History
| Week | -8.79% |
| Month | -38.06% |
| Quarter | +0.61% |
| 6 Months | +7.10% |
| YTD | +14.48% |
| Year | -19.02% |
| 3 Years | -84.04% |
| 5 Years | -82.87% |
| 10 Years | -82.89% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $1.66 | 413,543 |
| 2026-06-23 | $1.71 | 212,900 |
| 2026-06-22 | $1.73 | 325,700 |
| 2026-06-18 | $1.82 | 512,900 |
| 2026-06-17 | $1.81 | 193,300 |
| 2026-06-16 | $1.82 | 302,400 |
| 2026-06-15 | $1.84 | 230,800 |
| 2026-06-12 | $1.82 | 365,600 |
| 2026-06-11 | $1.86 | 249,100 |
| 2026-06-10 | $1.83 | 224,100 |
| 2026-06-09 | $1.86 | 374,500 |
| 2026-06-08 | $1.85 | 466,000 |
| 2026-06-05 | $1.89 | 526,400 |
| 2026-06-04 | $2.01 | 567,400 |
| 2026-06-03 | $1.94 | 716,600 |
| 2026-06-02 | $2.06 | 905,600 |
| 2026-06-01 | $2.03 | 661,500 |
| 2026-05-29 | $2.07 | 1,828,900 |
| 2026-05-28 | $2.31 | 1,516,300 |
| 2026-05-27 | $2.31 | 1,420,000 |
| 2026-05-26 | $2.37 | 6,834,300 |
About Spectral AI, Inc.
Spectral AI, Inc., an artificial intelligence (AI) company, focuses on predictive medical diagnostics in the United States. The company offers DeepView System, which uses proprietary AI algorithms to distinguish between fully damaged, partially damaged, and healthy human tissue characteristics invisible to the naked eye at the initial time point of wound presentation and delivers a binary prediction on the wounds capacity to heal by a specified time point in the future to assist the physician in making a more accurate, timely, and informed decision regarding the treatment of the patient's wounds. Its system also develops AI-Burn software and MSI imaging technology, which consists of proprietary multi-spectral optics and sensors that capture injured tissue images. Spectral AI, Inc. is headquartered in Dallas, Texas.
đ° Latest News
Spectral AI Inc (MDAI) Q1 2026 Earnings Call Highlights: Strategic Advances Amidst Financial ...
GuruFocus.com âĸ 2026-05-13T05:00:35ZSpectral AI Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-13T01:09:08ZSpectral AI, Inc. Q4 2025 Earnings Call Summary
Moby âĸ 2026-03-26T14:09:14ZSpectral AI (MDAI) Q4 2025 Earnings Transcript
Motley Fool âĸ 2026-03-25T13:27:20ZSpectral AI Inc (MDAI) Q4 2025 Earnings Call Highlights: Navigating Challenges and Seizing ...
GuruFocus.com âĸ 2026-03-25T03:00:46ZSpectral AI Q4 Earnings Call Highlights
MarketBeat âĸ 2026-03-24T22:45:57ZAn Intrinsic Calculation For Spectral AI, Inc. (NASDAQ:MDAI) Suggests It's 25% Undervalued
Simply Wall St. âĸ 2025-11-30T12:20:06ZSpectral AI Inc (MDAI) Q3 2025 Earnings Call Highlights: Navigating Challenges and Seizing ...
GuruFocus.com âĸ 2025-11-12T05:03:37ZSpectral AI (MDAI) Q3 2025 Earnings Transcript
Motley Fool âĸ 2025-11-11T22:35:17ZSpectral AI Inc. (MDAI) Eyes $7.6M Capital Raise to Accelerate DeepView System Development
Insider Monkey âĸ 2025-10-28T14:06:12ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $10,725,000 | $16,307,000 | $10,176,000 | $14,531,000 |
| Cost Of Revenue | $10,725,000 | $16,307,000 | $10,176,000 | $14,531,000 |
| Total Revenue | $19,650,000 | $29,581,000 | $18,056,000 | $25,368,000 |
| Operating Revenue | $19,650,000 | $29,581,000 | $18,056,000 | $25,368,000 |
| Expenses | ||||
| Interest Expense | $2,392,000 | $2,965,000 | $0 | - |
| Total Expenses | $28,253,000 | $36,163,000 | $31,040,000 | $28,015,000 |
| Other Income Expense | $3,435,000 | $-5,511,000 | $-8,031,000 | $-180,000 |
| Other Non Operating Income Expenses | $220,000 | $-220,000 | - | $49,000 |
| Net Non Operating Interest Income Expense | $-2,392,000 | $-2,951,000 | $172,000 | $21,000 |
| Interest Expense Non Operating | $2,392,000 | $2,965,000 | $0 | - |
| Operating Expense | $17,528,000 | $19,856,000 | $20,864,000 | $13,484,000 |
| General And Administrative Expense | $17,528,000 | $19,856,000 | $20,864,000 | $13,484,000 |
| Total Other Finance Cost | - | - | - | $12,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Net Interest Income | $-2,392,000 | $-2,951,000 | $172,000 | $21,000 |
| Normalized Income | $-10,110,850 | $-10,978,110 | $-14,509,510 | $-2,769,800 |
| Net Income From Continuing And Discontinued Operation | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Total Operating Income As Reported | $-8,603,000 | $-6,582,000 | $-12,984,000 | $-2,647,000 |
| Net Income Common Stockholders | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Net Income | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Net Income Including Noncontrolling Interests | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Net Income Continuous Operations | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Pretax Income | $-7,560,000 | $-15,044,000 | $-20,843,000 | $-2,806,000 |
| Special Income Charges | $0 | $-615,000 | $-8,342,000 | $0 |
| Operating Income | $-8,603,000 | $-6,582,000 | $-12,984,000 | $-2,647,000 |
| Gross Profit | $8,925,000 | $13,274,000 | $7,880,000 | $10,837,000 |
| Interest Income | - | $14,000 | $172,000 | $21,000 |
| Interest Income Non Operating | - | $14,000 | $172,000 | $21,000 |
| Per Share | ||||
| Diluted EPS | $-0.29 | $-0.85 | $-1.48 | $-0.19 |
| Basic EPS | $-0.29 | $-0.85 | $-1.48 | $-0.19 |
| Other | ||||
| Tax Effect Of Unusual Items | $675,150 | $-1,111,110 | $-1,686,510 | $-37,800 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-7,748,000 | $-6,200,000 | $-12,090,000 | $-1,899,000 |
| Total Unusual Items | $3,215,000 | $-5,291,000 | $-8,031,000 | $-180,000 |
| Total Unusual Items Excluding Goodwill | $3,215,000 | $-5,291,000 | $-8,031,000 | $-180,000 |
| Reconciled Depreciation | $635,000 | $588,000 | $722,000 | $568,000 |
| EBITDA (Bullshit earnings) | $-4,533,000 | $-11,491,000 | $-20,121,000 | $-2,079,000 |
| EBIT | $-5,168,000 | $-12,079,000 | $-20,843,000 | $-2,647,000 |
| Diluted Average Shares | $26,518,476 | $17,934,218 | $14,087,586 | $15,688,268 |
| Basic Average Shares | $26,518,476 | $17,934,218 | $14,087,586 | $15,688,268 |
| Diluted NI Availto Com Stockholders | $-7,571,000 | $-15,158,000 | $-20,854,000 | $-2,912,000 |
| Tax Provision | $11,000 | $114,000 | $11,000 | $106,000 |
| Restructuring And Mergern Acquisition | $0 | $615,000 | $8,342,000 | $0 |
| Gain On Sale Of Security | $3,215,000 | $-4,676,000 | $311,000 | $-180,000 |
| Selling General And Administration | $17,528,000 | $19,856,000 | $20,864,000 | $13,484,000 |
| Other Gand A | $17,528,000 | $19,856,000 | $20,864,000 | $13,484,000 |
| Preferred Stock Dividends | - | - | - | - |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-5,727,000 | $-7,251,000 | $-1,709,000 | $11,996,000 |
| Total Assets | $21,405,000 | $12,095,000 | $10,692,000 | $18,716,000 |
| Total Non Current Assets | $1,952,000 | $1,973,000 | $790,000 | $1,029,000 |
| Other Non Current Assets | $287,000 | - | - | - |
| Current Assets | $19,453,000 | $10,122,000 | $9,902,000 | $17,687,000 |
| Other Current Assets | $1,133,000 | $746,000 | $801,000 | $270,000 |
| Prepaid Assets | $821,000 | $1,289,000 | $1,452,000 | $331,000 |
| Inventory | $838,000 | $425,000 | $230,000 | $0 |
| Receivables | $1,267,000 | $2,505,000 | $2,346,000 | $2,912,000 |
| Accounts Receivable | $1,267,000 | $2,505,000 | $2,346,000 | $2,294,000 |
| Cash Cash Equivalents And Short Term Investments | $15,394,000 | $5,157,000 | $4,790,000 | $14,174,000 |
| Cash And Cash Equivalents | $15,394,000 | $5,157,000 | $4,790,000 | $14,174,000 |
| Cash Financial | $15,394,000 | $5,157,000 | $4,790,000 | $14,174,000 |
| Current Deferred Assets | - | $0 | $283,000 | $0 |
| Other Receivables | - | - | - | $618,000 |
| Debt | ||||
| Total Debt | $10,094,000 | $4,690,000 | $1,289,000 | $1,201,000 |
| Long Term Debt And Capital Lease Obligation | $6,506,000 | $1,702,000 | $0 | $346,000 |
| Long Term Debt | $5,538,000 | - | - | - |
| Current Debt And Capital Lease Obligation | $3,588,000 | $2,988,000 | $1,289,000 | $855,000 |
| Current Debt | $2,854,000 | $2,787,000 | $436,000 | $175,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $27,132,000 | $19,346,000 | $12,401,000 | $6,720,000 |
| Total Non Current Liabilities Net Minority Interest | $6,506,000 | $1,702,000 | $0 | $346,000 |
| Current Liabilities | $20,626,000 | $17,644,000 | $12,401,000 | $6,374,000 |
| Other Current Liabilities | $11,533,000 | $6,452,000 | $1,818,000 | $129,000 |
| Current Deferred Liabilities | $154,000 | $960,000 | $2,311,000 | $0 |
| Current Notes Payable | $2,854,000 | $2,787,000 | $436,000 | $175,000 |
| Payables And Accrued Expenses | $5,011,000 | $6,834,000 | $6,263,000 | $4,740,000 |
| Payables | $3,108,000 | $4,223,000 | $2,790,000 | $2,869,000 |
| Total Tax Payable | $98,000 | $188,000 | $107,000 | $110,000 |
| Accounts Payable | $3,010,000 | $4,035,000 | $2,683,000 | $2,759,000 |
| Interest Payable | - | - | - | $0 |
| Income Tax Payable | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $-5,727,000 | $-7,251,000 | $-1,709,000 | $11,996,000 |
| Total Equity Gross Minority Interest | $-5,727,000 | $-7,251,000 | $-1,709,000 | $11,996,000 |
| Stockholders Equity | $-5,727,000 | $-7,251,000 | $-1,709,000 | $11,996,000 |
| Gains Losses Not Affecting Retained Earnings | $40,000 | $3,000 | $12,000 | $0 |
| Other Equity Adjustments | $40,000 | $3,000 | $12,000 | - |
| Retained Earnings | $-55,800,000 | $-48,229,000 | $-32,788,000 | $-11,934,000 |
| Other | ||||
| Ordinary Shares Number | $30,688,895 | $22,594,877 | $16,294,935 | $15,688,268 |
| Share Issued | $30,688,895 | $22,594,877 | $16,294,935 | $15,688,268 |
| Tangible Book Value | $-5,727,000 | $-7,251,000 | $-1,709,000 | $11,996,000 |
| Invested Capital | $2,665,000 | $-4,464,000 | $-1,273,000 | $12,171,000 |
| Working Capital | $-1,173,000 | $-7,522,000 | $-2,499,000 | $11,313,000 |
| Capital Lease Obligations | $1,702,000 | $1,903,000 | $853,000 | $1,026,000 |
| Total Capitalization | $-189,000 | $-7,251,000 | $-1,709,000 | $11,996,000 |
| Additional Paid In Capital | $50,030,000 | $40,973,000 | $31,065,000 | $23,929,000 |
| Capital Stock | $3,000 | $2,000 | $2,000 | $1,000 |
| Common Stock | $3,000 | $2,000 | $2,000 | $1,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $968,000 | $1,702,000 | $0 | $346,000 |
| Current Deferred Revenue | $154,000 | $960,000 | $2,311,000 | $0 |
| Current Capital Lease Obligation | $734,000 | $201,000 | $853,000 | $680,000 |
| Pensionand Other Post Retirement Benefit Plans Current | $340,000 | $410,000 | $720,000 | $650,000 |
| Current Accrued Expenses | $1,903,000 | $2,611,000 | $3,473,000 | $1,871,000 |
| Net PPE | $1,665,000 | $1,973,000 | $790,000 | $1,029,000 |
| Gross PPE | $1,665,000 | $1,973,000 | $790,000 | $1,029,000 |
| Other Properties | $1,665,000 | $1,973,000 | $790,000 | $1,029,000 |
| Current Provisions | - | - | - | $736,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-9,920,000 | $-9,199,000 | $-13,240,000 | $-1,162,000 |
| Operating Activities | ||||
| Operating Cash Flow | $-9,920,000 | $-9,199,000 | $-13,240,000 | $-1,162,000 |
| Cash Flow From Continuing Operating Activities | $-9,920,000 | $-9,356,000 | $-13,240,000 | $-1,162,000 |
| Operating Gains Losses | $-3,249,000 | $4,633,000 | $-335,000 | $-57,000 |
| Investing Activities | ||||
| Investing Cash Flow | - | - | - | $0 |
| Cash Flow From Continuing Investing Activities | - | - | - | $0 |
| Capital Expenditure | - | - | - | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $10,638,000 | $4,060,000 | $3,351,000 | $0 |
| Financing Cash Flow | $20,120,000 | $9,575,000 | $3,844,000 | $-785,000 |
| Cash Flow From Continuing Financing Activities | $20,120,000 | $9,575,000 | $3,844,000 | $-785,000 |
| Net Other Financing Charges | $-689,000 | - | $660,000 | - |
| Net Common Stock Issuance | $10,638,000 | $4,060,000 | $3,351,000 | $0 |
| Common Stock Issuance | $10,638,000 | $4,060,000 | $3,351,000 | $0 |
| Other | ||||
| Repayment Of Debt | $-1,529,000 | $-7,758,000 | $-483,000 | $-785,000 |
| Issuance Of Debt | $8,285,000 | $13,096,000 | $0 | - |
| Interest Paid Supplemental Data | $22,000 | $11,000 | $29,000 | $23,000 |
| Income Tax Paid Supplemental Data | $100,000 | $11,000 | $114,000 | $53,000 |
| End Cash Position | $15,394,000 | $5,157,000 | $4,790,000 | $14,174,000 |
| Beginning Cash Position | $5,157,000 | $4,790,000 | $14,174,000 | $16,121,000 |
| Effect Of Exchange Rate Changes | $37,000 | $-9,000 | $12,000 | $0 |
| Changes In Cash | $10,200,000 | $376,000 | $-9,396,000 | $-1,947,000 |
| Proceeds From Stock Option Exercised | $3,415,000 | $177,000 | $316,000 | $0 |
| Net Issuance Payments Of Debt | $6,756,000 | $5,338,000 | $-483,000 | $-785,000 |
| Net Long Term Debt Issuance | $6,756,000 | $5,338,000 | $-483,000 | $-785,000 |
| Long Term Debt Payments | $-1,529,000 | $-7,758,000 | $-483,000 | $-785,000 |
| Long Term Debt Issuance | $8,285,000 | $13,096,000 | $0 | - |
| Change In Working Capital | $-1,325,000 | $-2,029,000 | $1,634,000 | $84,000 |
| Change In Other Working Capital | $-806,000 | $-1,351,000 | $2,311,000 | - |
| Change In Other Current Liabilities | $-528,000 | $-721,000 | $-656,000 | $-561,000 |
| Change In Other Current Assets | $-387,000 | $-102,000 | $-404,000 | $40,000 |
| Change In Payables And Accrued Expense | $-1,894,000 | $336,000 | $424,000 | $1,396,000 |
| Change In Accrued Expense | $-869,000 | $-1,090,000 | $1,359,000 | $51,000 |
| Change In Payable | $-1,025,000 | $1,426,000 | $-935,000 | $1,345,000 |
| Change In Account Payable | $-1,025,000 | $1,426,000 | $-935,000 | $1,345,000 |
| Change In Prepaid Assets | $761,000 | $163,000 | $-377,000 | $615,000 |
| Change In Inventory | $-413,000 | $-195,000 | $-230,000 | $0 |
| Change In Receivables | $1,942,000 | $-159,000 | $566,000 | $-1,406,000 |
| Changes In Account Receivables | $1,238,000 | $-159,000 | $-52,000 | $-859,000 |
| Other Non Cash Items | $475,000 | $1,892,000 | $4,350,000 | - |
| Stock Based Compensation | $1,115,000 | $1,032,000 | $1,243,000 | $1,155,000 |
| Depreciation Amortization Depletion | $635,000 | $588,000 | $722,000 | $568,000 |
| Depreciation And Amortization | $635,000 | $588,000 | $722,000 | $568,000 |
| Depreciation | $635,000 | $588,000 | $722,000 | $568,000 |
| Gain Loss On Investment Securities | $-3,249,000 | $4,633,000 | $-335,000 | $-57,000 |
| Net Income From Continuing Operations | $-7,571,000 | $-15,315,000 | $-20,854,000 | $-2,912,000 |
| Net Short Term Debt Issuance | - | $5,338,000 | $-483,000 | $-785,000 |
| Short Term Debt Payments | - | $-7,758,000 | $-483,000 | $-785,000 |
| Short Term Debt Issuance | - | $13,096,000 | $0 | - |
| Net PPE Purchase And Sale | - | - | - | $0 |
| Purchase Of PPE | - | - | - | $0 |