secwatch.observer — SEC 8-K summary
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Issuer:     Spectral AI, Inc. (MDAI)
CIK:        0001833498
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001213900-23-086606
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral AI Q3 revenue $3.4M, net loss $10.6M; affirms FY2023 guidance $17.4M
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- Q3 revenue $3.4M (down 51% YoY); net loss $10.6M ($0.77/share) vs loss $0.4M in Q3 2022.
- Adjusted EBITDA loss $3.9M vs $0.0M; non-recurring transaction costs $7.6M from Nasdaq listing.
- Cash $7.3M, no long-term debt; reaffirms FY2023 revenue ~$17.4M and FY2024 ~$28.0M.
- Received $149M U.S. government contract for DeepView System burn indication (total govt awards >$246M).
- Plans to submit FDA/UKCA/CE mark apps for DFU and 3D wound measurement in 2024; burn in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390023086606/0001213900-23-086606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390023086606/ea188358-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-086606

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