Spectral AI (NASDAQ:MDAI – Get Free Report) announced its earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11), Zacks reports.
Here are the key takeaways from Spectral AI’s conference call:
- Spectral AI said it still expects an FDA response by the end of Q2 2026 for its De Novo application, with a goal of moving quickly toward commercialization of DeepView by the end of 2026.
- The company received $31.7 million in accelerated BARDA funding, which it said supports additional feature development and procurement of up to 30 DeepView devices for burn and trauma settings.
- Q1 revenue was $4.0 million versus $6.7 million a year ago, mainly because the base phase of the BARDA Project BioShield contract wound down. Management said the decline was partly offset by other U.S. government work, including the handheld device program.
- The company highlighted encouraging commercial preparation, including a strong showing at the American Burn Association meeting, expanding international opportunities in the U.K., Australia, and GCC markets, and progress on an outcome study intended to support DeepView’s clinical and economic value.
- Financially, Spectral AI ended the quarter with about $11.7 million in cash, $8.5 million of debt, and reiterated full-year 2026 revenue guidance of approximately $18.5 million, excluding meaningful DeepView product sales.
Spectral AI Trading Down 7.7%
MDAI stock traded down $0.18 on Tuesday, hitting $2.15. 790,425 shares of the company’s stock traded hands, compared to its average volume of 596,340. The stock has a market cap of $68.41 million, a price-to-earnings ratio of -6.94 and a beta of 1.16. Spectral AI has a 1-year low of $1.18 and a 1-year high of $3.21. The stock has a fifty day moving average of $1.67 and a 200-day moving average of $1.65.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on MDAI
Institutional Trading of Spectral AI
A number of hedge funds have recently bought and sold shares of MDAI. Raymond James Financial Inc. boosted its position in Spectral AI by 1,180.0% during the 3rd quarter. Raymond James Financial Inc. now owns 12,800 shares of the company’s stock worth $29,000 after acquiring an additional 11,800 shares during the period. Bridgeway Capital Management LLC boosted its position in Spectral AI by 14.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock worth $454,000 after acquiring an additional 25,000 shares during the period. Geode Capital Management LLC boosted its position in Spectral AI by 21.8% during the 2nd quarter. Geode Capital Management LLC now owns 152,958 shares of the company’s stock worth $379,000 after acquiring an additional 27,365 shares during the period. Jane Street Group LLC acquired a new stake in Spectral AI during the 2nd quarter worth about $74,000. Finally, State Street Corp boosted its position in Spectral AI by 90.9% during 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 during the period. 67.08% of the stock is owned by hedge funds and other institutional investors.
About Spectral AI
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.
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