Spectral AI, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Research and development revenue | $29,581 | $18,056 |
| Cost of revenue | (16,307) | (10,176) |
| Gross profit | 13,274 | 7,880 |
| Operating costs and expenses: | ||
| General and administrative | 19,856 | 20,864 |
| Total operating costs and expenses | 19,856 | 20,864 |
| Operating loss | (6,582) | (12,984) |
| Other income (expense): | ||
| Net interest income | 14 | 172 |
| Borrowing related costs | (2,965) | - |
| Change in fair value of warrant liabilities | (4,633) | 335 |
| Change in fair value of notes payable | (220) | - |
| Foreign exchange transaction loss, net | (43) | (24) |
| Other expenses, including transaction costs | (615) | (8,342) |
| Total other expense, net | (8,462) | (7,859) |
| Loss before income taxes | (15,044) | (20,843) |
| Income tax provision | (271) | (11) |
| Net loss | $(15,315) | $(20,854) |
| Net loss per share of common stock | ||
| Basic and Diluted | $(0.85) | $(1.48) |
| Weighted-average common shares outstanding | ||
| Basic and Diluted | 17,934,218 | 14,087,586 |
| Other comprehensive income: | ||
| Foreign currency translation adjustments | $(9) | $12 |
| Total comprehensive loss | $(15,324) | $(20,842) |
The accompanying notes are an integral part of these consolidated financial statements
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