secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056955
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024056955/0000950170-24-056955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024056955/mrai-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056955

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