Marpai Q4 2023 net revenues $8.7M up 14% YoY; net loss improved to $5.0M

Marpai, Inc.

Q4 net revenues $8.7M, up 14% YoY; gross profit $3.0M, up 6.5%.
Q4 operating loss $5.2M, improved 42.3% YoY; net loss $5.0M, improved 41.1%.
Q4 EPS ($0.65), improvement of $1.00 per share YoY.
Full year net revenues $37.2M, up 52.6% YoY; net loss $28.8M, up 8.6%.
CEO cites benefit of Maestro acquisition and corrective actions driving financial improvement.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Marpai, Inc. reported the three months ended December 31, 2023 results: revenue $8.7 million, net income Net loss was $5.0 million, EPS ($0.65).

Period: the three months ended December 31, 2023
Revenue: $8.7 million
Net income: Net loss was $5.0 million
EPS: ($0.65)
Result: reported results

Exact text from the filing

Net revenues were $8.7 million for the three months ended December 31, 2023, an improvement of $1.1 million, or 14% higher year over year, for the three months ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Marpai, Inc. reported the year ended December 31, 2023 results: revenue $37.2 million, net income Net loss was $28.8 million, EPS ($4.14).

Period: the year ended December 31, 2023
Revenue: $37.2 million
Net income: Net loss was $28.8 million
EPS: ($4.14)
Result: reported results

Exact text from the filing

Net revenues were $37.2 million for the year ended December 31, 2023, an improvement of $12.8 million, or 52.6% higher year over year compared to the year ended December 31, 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-24-036583

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