---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056955"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:01:57.582524+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-056955
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000095017024056955/0000950170-24-056955-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000095017024056955/mrai-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056955
- JSON: https://secwatch.observer/filing/0000950170-24-056955.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056955.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017024056955/0000950170-24-056955-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.