Spectral AI (MDAI) Income Statement: Revenue & Earnings

Spectral AI Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Spectral AI, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	29.58	18.06	25.37	15.24	17.30
Cost of Revenue	16.31	10.18	14.53	8.19	9.31
Gross Profit	13.27	7.88	10.84	7.05	7.99
Operating Expenses
Research & Development	29.58	15.10	0.00	0.00	0.00
Selling, General & Administrative	19.86	20.86	13.48	11.23	6.54
Operating Expenses	19.86	20.86	13.48	11.23	6.54
Operating Income	-6.58	-12.98	-2.65	-4.18	1.45
Other Income/Expense
Interest Income	0.01	0.17	0.02	0.00	0.00
Interest Expense	2.97	0.00	0.00	-0.02	-0.04
Other Income/Expense	-8.46	-8.01	0.06	0.11	0.00
Income
Income Before Tax	-15.04	-20.84	-2.81	-4.09	1.41
Income Tax Expense	0.27	0.01	0.11	-0.10	0.17
Net Income	-15.32	-20.85	-2.91	-3.99	1.23
Net Income - Continuous Operations	-15.32	-20.85	-2.91	-3.99	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-11.49	-12.98	-2.64	-4.18	0.00
EBIT	-6.58	-12.98	-2.65	-4.18	1.45
Depreciation & Amortization	0.59	0.01	0.01	0.00	0.00
Earnings Per Share
Basic EPS	-1.00	-1.00	-	-	-
Diluted EPS	-1.00	-1.00	-	-	-
Basic Shares Outstanding	17.93	14.09	13.14	15.69	57.90
Diluted Shares Outstanding	17.93	14.09	13.14	15.69	132.86