Spectral AI Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
MDAI$1.54+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 | |||
| Research and development revenue | $18,056 | $25,368 | |
| Cost of revenue | (10,176) | (14,531) | |
| Gross profit | 7,880 | 10,837 | |
| Operating costs and expenses: | |||
| General and administrative | 20,864 | 13,484 | |
| Total operating costs and expenses | 20,864 | 13,484 | |
| Operating loss | (12,984) | (2,647) | |
| Other income (expense): | |||
| Net interest income | 172 | 21 | |
| Change in fair value of warrant liability | 335 | 57 | |
| Foreign exchange transaction loss, net | (24) | (237) | |
| Transaction costs | (8,342) | - | |
| Total other expense, net | (7,859) | (159) | |
| Loss before income taxes | (20,843) | (2,806) | |
| Income tax provision | (11) | (106) | |
| Net loss | $(20,854) | $(2,912) | |
| Net loss per share of common stock | |||
| Basic and Diluted | $(1.48) | $(0.22) | |
| Weighted-average common shares outstanding | |||
| Basic and Diluted | 14,087,586 | 13,136,965 | |
| Other comprehensive income: | |||
| Foreign currency translation adjustments | $12 | $ | - |
| Total comprehensive loss | $(20,842) | $(2,912) | |
The accompanying notes are an integral part of these consolidated financial statements
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