Marpai reports FY 2022 revenue up 71% to $24.3M but net loss widens to $26.5M

Marpai, Inc.

Q4 2022 net revenue $7.6M, up 54% sequentially from Q3 2022; FY net revenue $24.3M.
FY 2022 net loss $26.5M vs $16.0M in 2021; operating loss $27.0M vs $15.9M.
Adjusted EBITDA for FY 2022 was negative $20.0M, compared to negative $12.7M in 2021.
Employees covered under health plans surged to 42,107 at Dec 31, 2022 (16,357 at Sep 30, 2022), driven by Maestro Health acquisition.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Marpai, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue approximately $24.3 million, net income approximately $26.5 million.

Period: the fourth quarter and year ended December 31, 2022
Revenue: approximately $24.3 million
Net income: approximately $26.5 million
Result: reported results

Exact text from the filing

Net revenues for the fourth quarter of 2022 were approximately $7.6 million, compared to net revenue of approximately $4.9 million for the third quarter of 2022, representing a sequential increase of approximately $2.7 million, or 54%.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Marpai, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue approximately $24.3 million, net income approximately $26.5 million.

Period: the fourth quarter and year ended December 31, 2022
Revenue: approximately $24.3 million
Net income: approximately $26.5 million
Result: reported results

Exact text from the filing

Net revenues for the year ended December 31, 2022, were approximately $24.3 million compared to net revenues of approximately $14.2 million for the year ended December 31, 2021, representing an increase of approximately $10.1 million, or 71%.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-23-010619

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