Spectral AI (NASDAQ:MDAI) Announces Quarterly Earnings Results

Spectral AI (NASDAQ:MDAI) released its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01, FiscalAI reports. The business had revenue of $3.52 million for the quarter, compared to the consensus estimate of $4.17 million.

Here are the key takeaways from Spectral AI’s conference call:

• Positive Sentiment: Spectral AI received FDA De Novo clearance for its DeepView burn-assessment system, validating the technology and enabling its transition from development to commercialization.
• Positive Sentiment: The company plans a staged launch targeting up to 30 U.S. installations through June 2027, supported by BARDA funding, while pursuing updated UKCA clearance in the fourth quarter and initial international placements.
• Neutral Sentiment: Second-quarter R&D revenue fell to $3.5 million from $5.1 million year over year as major studies were completed and BARDA work shifted to a cost-sharing phase; full-year revenue guidance was reiterated at approximately $18.5 million and excludes significant DeepView sales.
• Positive Sentiment: Spectral AI reported $14 million in cash, access to more than $60 million of additional non-dilutive BARDA funding, and no principal payments on its debt through March 2027, providing resources to fund the commercial launch.
• Neutral Sentiment: Deployment may be slowed by hospital procurement, cybersecurity, and AI-committee reviews, while the company expects to begin a 12-center U.S. triage and treatment-outcome study in the fourth quarter of 2026.

Spectral AI Stock Down 7.7%

MDAI traded down $0.13 during trading hours on Wednesday, reaching $1.58. 235,772 shares of the company’s stock traded hands, compared to its average volume of 564,772. The firm has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.75. The firm has a market capitalization of $50.25 million, a PE ratio of -2.98 and a beta of 1.18. Spectral AI has a 52-week low of $1.18 and a 52-week high of $2.97.

Wall Street Analysts Forecast Growth

MDAI has been the topic of several analyst reports. BTIG Research boosted their target price on Spectral AI from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Spectral AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Finally, Northland Securities raised shares of Spectral AI to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4.00.

Institutional Trading of Spectral AI

Large investors have recently made changes to their positions in the stock. Hudson Bay Capital Management LP purchased a new position in Spectral AI in the 4th quarter worth about $2,168,000. Geode Capital Management LLC increased its position in shares of Spectral AI by 19.0% during the fourth quarter. Geode Capital Management LLC now owns 216,558 shares of the company’s stock worth $308,000 after acquiring an additional 34,597 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Spectral AI by 14.4% during the third quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock valued at $454,000 after acquiring an additional 25,000 shares in the last quarter. State Street Corp boosted its holdings in shares of Spectral AI by 90.9% in the fourth quarter. State Street Corp now owns 75,600 shares of the company’s stock valued at $107,000 after purchasing an additional 36,000 shares during the period. Finally, Jane Street Group LLC bought a new position in Spectral AI in the fourth quarter worth approximately $75,000. 67.08% of the stock is owned by hedge funds and other institutional investors.

About Spectral AI

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.