Spectral AI projects $28M 2024 revenue; $149M BARDA contract advances burn product

Spectral AI, Inc.

2023E revenue $17.4M; 2024E revenue guidance $28M, up 61% YoY.
Cash $7.4M, no long-term debt as of 9/30/2023; YTD 3Q23 net loss $17.3M.
BARDA Project BioShield contract total value $149M for burn wound assessment system.
Regulatory timeline: Burn UK approval 2024, DFU UK 2025; US burn 2026, US DFU 2026.
IP portfolio: 20 issued U.S./international patents, 34 pending applications.

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