Spectral AI (MDAI)

Nasdaq Market Closed

Spectral AI, Inc. is a medical technology company applying artificial intelligence to wound assessment and predictive diagnostics. Its lead platform, the DeepView System, is designed to help clinicians evaluate tissue damage earlier and more objectively than is possible through visual inspection alone. The system combines imaging, data processing, and proprietary AI algorithms to analyze wound characteristics that may not be visible at the point of care.

The company’s initial commercial focus is on burn care, where timely and accurate assessment can influence treatment decisions, surgical planning, and resource allocation. DeepView aims to predict whether a wound is likely to heal within a defined future period, producing a binary heal or non-heal assessment that can support clinical judgement. Spectral AI also positions the technology for broader wound-care applications, including diabetic foot ulcers and other complex wounds, subject to regulatory and commercial development.

Spectral AI operates in a highly regulated healthcare market in which product validation, clinical evidence, and regulatory clearances are central to adoption. Its burn indication has been supported by work connected to the Biomedical Advanced Research and Development Authority, reflecting the relevance of rapid burn triage for both civilian care and emergency preparedness.

For investors, MDAI represents exposure to the intersection of AI, medical imaging, and diagnostics. The company is distinctive for targeting a specific clinical problem rather than offering a general analytics tool. Its prospects depend on successful clinical studies, regulatory progress, reimbursement pathways, and the ability to integrate its system into hospital and emergency-care workflows.

1.94 USD
1.91 USD
−0.12 (-5.83%)
Pre-market

Last updated

Market Cap
61.74M
P/E
P/FCF
P/S
3.65
Enterprise Value
58.5M
Sector
Health Care
Industry
Surgical and Medical Instruments and Apparatus
Address
2515 MCKINNEY AVE #1000, DALLAS, TX, 75201
GlobeNewswire Inc.

DeepView™ System Featured at 2025 US Burn Conferences

Nov 19, 2025, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Announces 2025 Third Quarter Financial Results

Nov 11, 2025, 16:00 P.M.
GlobeNewswire Inc.

Spectral AI Schedules 2025 Third Quarter Financial Results and Conference Call

Oct 28, 2025, 16:00 P.M.
GlobeNewswire Inc.

Spectral AI Named to TIME’s List of World’s Top HealthTech Companies 2025

Sep 19, 2025, 08:00 A.M.
GlobeNewswire Inc.

DeepView® System highlighted at the European Burns Association Congress

Sep 10, 2025, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Schedules 2025 Second Quarter Financial Results and Conference Call

Jul 30, 2025, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Announces Successful Results from its Burn Validation Study of the DeepView System

Mar 17, 2025, 07:00 A.M.
GlobeNewswire Inc.

Spectral AI Announces Confirmation of Compliance of its Nasdaq Listing Requirements

Dec 23, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2)

Dec 13, 2024, 11:53 A.M.
GlobeNewswire Inc.

Spectral AI Schedules 2024 Third Quarter Financial Results and Conference Call

Oct 23, 2024, 16:50 P.M.
GlobeNewswire Inc.

Spectral AI Achieves 25% Patient Enrollment at Emergency Departments for U.S. Burn Pivotal Study and Adds Two New Clinical Trial Sites

Sep 24, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Outlines U.S. Regulatory Pathway for DeepView® System for Burn Indication

Sep 17, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Awarded Additional Funding from Medical Technology Enterprise Consortium to Support Ongoing Development of DeepView SnapShot M®

Sep 05, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Schedules 2024 Second Quarter Financial Results and Conference Call

Jul 29, 2024, 09:00 A.M.
GlobeNewswire Inc.

Spectral AI Achieves 100% Pediatric Enrollment in Burn Centers for Pivotal U.S. Burn Study

Jul 02, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Joins Russell Microcap® Index

Jul 01, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI Surpasses 90% of Pediatric Enrollment Target in Burn Centers for Pivotal U.S. Burn Study

Jun 27, 2024, 08:00 A.M.
GlobeNewswire Inc.

Spectral AI to Participate in the Northland Capital Markets Virtual Growth Conference

Jun 17, 2024, 16:15 P.M.
GlobeNewswire Inc.

Spectral AI Reaches 50% Enrollment at Burn Centers for U.S. Pivotal Burn Study

Jun 06, 2024, 09:14 A.M.
GlobeNewswire Inc.

Spectral AI Set to Join Russell Microcap® Index

May 29, 2024, 08:31 A.M.
Market Cap
61.74M
Enterprise Value
58.5M
P/E
P/B
-7.01
P/S
3.65
EV / EBITDA
-6.11
EV / Sales
3.45
EPS
-0.44
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
ROE
157.55%
ROA
-78.27%
Debt / Equity
-0.96
Current Ratio
0.75
Quick Ratio
0.71
Cash
0.55
Avg Volume
924.82K
Fundamentals Snapshot Price
1.94

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 3.99M 4.09M 3.79M 5.07M 6.71M
Gross profit 2.03M 1.85M 1.62M 2.29M 3.17M
Operating income -1.97M -2.24M -3.34M -2.12M -896K
EBITDA -1.94M -2.21M -3.31M -2.11M -894K
Net income -3.41M 1.05M -3.55M -7.97M 2.9M
Basic EPS -0.11 0.05 -0.13 -0.31 0.13
Diluted EPS -0.11 0.05 -0.13 -0.31 0.11

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 17.73M 21.41M 15.3M 16.01M 20.72M
Total liabilities 26.54M 27.13M 23.5M 25.16M 22.35M
Total equity -8.81M -5.73M -8.2M -9.15M -1.63M
Cash & equivalents 11.66M 15.39M 10.5M 10.52M 14.06M
Current assets 15.99M 19.45M 13.46M 14M 18.73M
Current liabilities 21.27M 20.63M 15.77M 16.19M 13.31M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -3.73M -2.55M -2.5M -3.36M -1.51M
Investing cash flow
Financing cash flow -1K 7.45M 2.49M -207K 10.39M
Change in cash -3.74M 4.9M -29K -3.54M 8.9M
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