Filing Flows › Spectral AI (MDAI) › Q4 2024
Spectral AI (MDAI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Spectral AI (MDAI) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), +44% from a year earlier and -7% from the quarter before. Operating margin was -14.6%, net loss $7.6M (99.8% of revenue).
Spectral AI, Q4 2024: revenue $7.6M (+44% year over year), operating margin -14.6%, net loss $7.6M, operating cash flow $469K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6M | -7% | +44% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | $469K | — | — |
What changed
Revenue was $7.6M in Q4 2024, up 44% year over year and down 7% from the previous quarter.
Gross margin was 44.0%, down 2.0 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -14.6%. Operating expenses fell 17% while revenue rose 44%. The quarter ended with a net loss of $7.6M, wider than the previous quarter's $1.5M loss. Net interest and other expense of $6.3M was the main reason.
Operating cash flow was $469K. Non-cash charges added back $3K of depreciation and $174K of share-based compensation. Working capital and other items added $7.9M.
Questions
What was Spectral AI's revenue in the fourth quarter 2024?
Spectral AI (MDAI) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), +44% from a year earlier and -7% from the quarter before.
Was Spectral AI profitable in the fourth quarter 2024?
Operating loss was $1.1M (-14.6% of revenue) and net loss $7.6M.
Source: Spectral AI 10-K on SEC EDGAR.