Marpai Q1 2024 net revenues $7.4M (-24% YoY); net loss improves 51% to $4.3M

Marpai, Inc.

2024-Q1 EPS reported -$0.46 vs consensus -$0.44 ▼ miss (-4.9%)

Net revenues $7.4M, down 24% YoY; gross profit $2.5M (-23% YoY).
Operating expenses $6.6M, down 44% YoY; operating loss $4.1M (-52% YoY).
Net loss $4.3M, improvement of 51% YoY; diluted EPS ($0.46) vs ($1.68) YoY.
Implemented additional cost-reduction program targeting $3M annual savings.
Added new 'off cycle' client in Q1 and expanded sales team with two industry executives.

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 three months ended March 31, 2024 results: revenue $7.4 million, net income $4.3 million, EPS ($0.46).

Period: the three months ended March 31, 2024
Revenue: $7.4 million
Net income: $4.3 million
EPS: ($0.46)
Result: reported results

Exact text from the filing

Net revenues were approximately $7.4 million for the three months ended March 31, 2024, down $2.3 million, or 24% lower year over year, compared to the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-056955

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