secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020636
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai reports Q1 2023 net revenue $9.7M, operating loss $8.5M
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- Net revenue $9.7M for Q1 2023, up 26.8% sequentially from $7.6M in Q4 2022, driven by full quarter of Maestro Health.
- Operating loss $8.5M; net loss $8.9M; adjusted negative EBITDA $6.7M.
- Covered employees under administered health plans were 41,571 as of Mar 31, 2023, down from 42,107 at Dec 31, 2022.
- Q1 2023 expenses included $1.5M for Value Based Care Platform and $0.8M for unused facilities and severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023020636/0000950170-23-020636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023020636/mrai-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020636

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer