Spectral AI (NASDAQ:MDAI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Spectral AI (NASDAQ:MDAI) issued its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01, FiscalAI reports. The firm had revenue of $3.52 million during the quarter, compared to the consensus estimate of $4.17 million.

Here are the key takeaways from Spectral AI’s conference call:

• Positive Sentiment: Spectral AI received FDA De Novo clearance for its DeepView burn-assessment system, validating the technology and enabling its transition from development to commercialization.
• Positive Sentiment: The company plans a staged launch targeting up to 30 U.S. installations through June 2027, supported by BARDA funding, while pursuing updated UKCA clearance in the fourth quarter and initial international placements.
• Neutral Sentiment: Second-quarter R&D revenue fell to $3.5 million from $5.1 million year over year as major studies were completed and BARDA work shifted to a cost-sharing phase; full-year revenue guidance was reiterated at approximately $18.5 million and excludes significant DeepView sales.
• Positive Sentiment: Spectral AI reported $14 million in cash, access to more than $60 million of additional non-dilutive BARDA funding, and no principal payments on its debt through March 2027, providing resources to fund the commercial launch.
• Neutral Sentiment: Deployment may be slowed by hospital procurement, cybersecurity, and AI-committee reviews, while the company expects to begin a 12-center U.S. triage and treatment-outcome study in the fourth quarter of 2026.

Spectral AI Stock Performance

NASDAQ MDAI traded up $0.04 during trading on Thursday, hitting $1.61. The stock had a trading volume of 41,688 shares, compared to its average volume of 561,929. Spectral AI has a one year low of $1.18 and a one year high of $2.97. The stock has a 50 day simple moving average of $1.72 and a 200 day simple moving average of $1.75. The stock has a market capitalization of $51.39 million, a price-to-earnings ratio of -4.63 and a beta of 1.18.

Analyst Upgrades and Downgrades

MDAI has been the topic of a number of research reports. Northland Securities raised Spectral AI to a “strong-buy” rating in a research note on Monday, July 27th. BTIG Research boosted their price target on shares of Spectral AI from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of Spectral AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Spectral AI has an average rating of “Moderate Buy” and a consensus target price of $4.00.

Hedge Funds Weigh In On Spectral AI

Several hedge funds have recently bought and sold shares of MDAI. Raymond James Financial Inc. lifted its position in shares of Spectral AI by 1,180.0% during the third quarter. Raymond James Financial Inc. now owns 12,800 shares of the company’s stock worth $29,000 after purchasing an additional 11,800 shares during the last quarter. Jane Street Group LLC bought a new stake in Spectral AI during the 2nd quarter valued at about $74,000. Virtu Financial LLC bought a new stake in Spectral AI during the 4th quarter valued at about $75,000. Marshall Wace LLP purchased a new stake in Spectral AI in the 2nd quarter valued at about $104,000. Finally, State Street Corp grew its stake in Spectral AI by 90.9% in the 4th quarter. State Street Corp now owns 75,600 shares of the company’s stock worth $107,000 after acquiring an additional 36,000 shares in the last quarter. Institutional investors own 67.08% of the company’s stock.

Spectral AI Company Profile

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.