secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023909
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai Q3 revenue $4.9M, down 11% sequentially; employee count drops 22%
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- Net revenue $4.9M for Q3 2022 vs $5.6M in Q2 2022, decline of 11.1%.
- Covered employees fell to 16,357 from 21,074 sequentially; three non-renewed customers accounted for >4,000 employees.
- Operating expenses $10.8M (excl. stock comp $10.1M); net loss $5.8M.
- Adjusted negative EBITDA $4.3M for Q3 vs $4.7M in Q2.
- Company cites contractual non-fulfillment by three customers as primary reason for revenue drop.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017022023909/0000950170-22-023909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017022023909/mrai-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023909

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