earnings
confidence high
sentiment neutral
materiality 0.50
Marpai reports Q3 2024 net loss of $3.6M, revenue down 20% YoY
Marpai, Inc.
2024-Q3 EPS reported
-$1.96
revenue$21,582,000
- Net revenue $7.0M, down 20% YoY from $8.7M in Q3 2023.
- Operating loss improved 57% YoY to $3.1M from $7.1M.
- Net loss improved 51% YoY to $3.6M; diluted EPS ($0.30) vs ($0.98).
- Operating expenses fell 36% YoY to $10.1M from $15.8M.
- CEO says turnaround progress continues; expects Q4 developments.