earnings
confidence high
sentiment negative
materiality 0.80
Marpai Q2 net loss widens to $13M on $7.6M goodwill impairment; revenue drops 28%
Marpai, Inc.
2024-Q2 EPS reported
-$1.73
revenue$14,574,000
- Net revenues $7.2M, down 28% YoY from $10.1M in Q2 2023.
- Operating loss $12.3M vs. $7.3M YoY, with $7.6M goodwill and intangible impairment.
- Net loss $13.0M ($1.23 per share) vs. $7.5M ($1.10) YoY.
- CEO cites progress toward profitability; new sales pipeline for Q1 2025.
- Company holds webcast on August 8, 2024 to discuss results.