Marpai reports preliminary Q4 2023 revenue $8.7M (+14% YoY), operating loss improves $5M

Marpai, Inc.

Q4 2023 net revenues ~$8.7M, up ~14% from Q4 2022; FY 2023 net revenues ~$37.2M, up ~53% YoY.
Q4 2023 operating expenses ~$6.9M, down ~41% YoY; FY operating expense ratio improved to 107% of rev from 140%.
Q4 2023 operating loss ~$3.9M, an improvement of ~$5.0M vs Q4 2022; FY operating loss ~$26.7M, down slightly YoY.
Company expects a $3.0M non-cash goodwill impairment charge in Q4 2023.
Full audited results to be reported on March 26, 2024, with a webcast on March 27.

item 8.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marpai, Inc. reported the fourth quarter and fiscal year 2023 results: revenue approximately $8.7 million.

Period: the fourth quarter and fiscal year 2023
Revenue: approximately $8.7 million
Result: preliminary results

Exact text from the filing

expects to hold a webcast to discuss the results on March 27, 2024. Financial Highlights: • Net Revenues o For the fourth quarter of 2023, net revenues were approximately $8.7 million, an improvement of nearly $1.1 million or approximately 14% higher from the fourth quarter of 2022. o Full year 2023 net revenues were approximately $37.2 million, an improvement

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Source: SEC EDGAR

accession 0000950170-24-026853

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