Symbols / MDAI $1.29 -0.39%
MDAI Chart
About
Spectral AI, Inc., an artificial intelligence (AI) company, focuses on predictive medical diagnostics in the United States. The company offers DeepView System, which uses proprietary AI algorithms to distinguish between fully damaged, partially damaged, and healthy human tissue characteristics invisible to the naked eye at the initial time point of wound presentation; and delivers a binary prediction on the wounds capacity to heal or not heal by a specified time point in the future to assist the physician in making a more accurate, timely, and informed decision regarding the treatment of the patient's wounds. Its system also includes MSI imaging technology, which consists of proprietary multi-spectral optics and sensors that capture injured tissue images; and AI-Burn software. Spectral AI, Inc. is headquartered in Dallas, Texas.
Fundamentals
Scroll to Statements| Sector | Healthcare | Industry | Medical Devices | Market Cap | 39.44M |
| Enterprise Value | 38.76M | Income | -16.36M | Sales | 23.17M |
| Book/sh | -0.30 | Cash/sh | 0.34 | Dividend Yield | — |
| Payout | 0.00% | Employees | 78 | IPO | — |
| P/E | — | Forward P/E | -1.49 | PEG | — |
| P/S | 1.70 | P/B | -4.27 | P/C | — |
| EV/EBITDA | -5.22 | EV/Sales | 1.67 | Quick Ratio | 0.73 |
| Current Ratio | 0.85 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -0.75 | EPS next Y | -0.86 | EPS Growth | — |
| Revenue Growth | -53.60% | Earnings | 2026-03-24 | ROA | -34.71% |
| ROE | — | ROIC | — | Gross Margin | 45.01% |
| Oper. Margin | -88.11% | Profit Margin | -70.64% | Shs Outstand | 30.69M |
| Shs Float | 22.87M | Short Float | 8.10% | Short Ratio | 5.45 |
| Short Interest | — | 52W High | 3.21 | 52W Low | 1.04 |
| Beta | 0.98 | Avg Volume | 290.39K | Volume | 200.24K |
| Target Price | $4.67 | Recom | Strong_buy | Prev Close | $1.29 |
| Price | $1.28 | Change | -0.39% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$4.67
Mean price target
2. Current target
$1.28
Latest analyst target
3. DCF / Fair value
$2.66
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.28
Low
$3.00
High
$6.00
Mean
$4.67
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-10 | reit | BTIG | Buy → Buy | $3 |
| 2025-11-12 | main | BTIG | Buy → Buy | $3 |
| 2025-04-02 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2025-03-18 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2024-08-13 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2024-08-12 | init | Northland Capital Markets | — → Outperform | $6 |
| 2024-07-18 | init | HC Wainwright & Co. | — → Buy | $4 |
| 2024-01-23 | init | BTIG | — → Buy | $4 |
- MDAI Should I Buy - Intellectia AI Fri, 13 Mar 2026 07
- Spectral AI, Inc. (NASDAQ:MDAI) Stock Catapults 29% Though Its Price And Business Still Lag The Industry - simplywall.st ue, 27 Jan 2026 08
- Workplace burns injure 600,000 Americans; Spectral AI backs safety push - Stock Titan Mon, 02 Feb 2026 08
- What To Expect From Spectral AI Inc (MDAI) Q3 2025 Earnings - Yahoo Finance Mon, 10 Nov 2025 08
- Spectral AI, Inc. to Report Fourth Quarter and Full Year Financial Results on March 24, 2026 - Quiver Quantitative ue, 10 Mar 2026 12
- BTIG Maintains Spectral AI (MDAI) Buy Recommendation - Nasdaq Wed, 12 Nov 2025 08
- Spectral AI Appoints New CEO to Drive Commercialization - The Globe and Mail Wed, 11 Feb 2026 08
- Northland Securities Maintains Spectral AI(MDAI.US) With Buy Rating, Maintains Target Price $6 - 富途牛牛 Fri, 13 Mar 2026 00
- Spectral AI (NASDAQ: MDAI) prices $7.6M offering to expand DeepView; 2026 readiness prep - Stock Titan hu, 23 Oct 2025 07
- Spectral AI Inc. (MDAI) Eyes $7.6M Capital Raise to Accelerate DeepView System Development - Yahoo Finance ue, 28 Oct 2025 07
- At US$2.24, Is Spectral AI, Inc. (NASDAQ:MDAI) Worth Looking At Closely? - simplywall.st hu, 23 Oct 2025 07
- Spectral AI Named One of TIME's World’s Top HealthTech Companies 2025 - Quiver Quantitative Fri, 19 Sep 2025 07
- Spectral AI Schedules 2025 Fourth Quarter and Full Year Financial Results and Conference Call - The Globe and Mail ue, 10 Mar 2026 12
- Spectral AI, Inc. (NASDAQ:MDAI) Released Earnings Last Week And Analysts Lifted Their Price Target To US$5.09 - simplywall.st Sat, 16 Aug 2025 07
- Spectral AI, Inc. Announces $7.6 Million Offering to Support Expansion of DeepView® System - Quiver Quantitative hu, 23 Oct 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 11700 | 24667 | — | Stock Award(Grant) at price 2.10 - 2.11 per share. | DIMAIO JOHN MICHAEL | Director | — | 2025-06-10 00:00:00 | D |
| 1 | 5000 | 8650 | — | Stock Award(Grant) at price 1.73 per share. | MELLISH MARTIN C.B. | Director | — | 2025-06-04 00:00:00 | D |
| 2 | 9699 | — | — | Stock Award(Grant) at price 0.00 per share. | MELLISH MARTIN C.B. | Director | — | 2025-04-30 00:00:00 | D |
| 3 | 9699 | — | — | Stock Award(Grant) at price 0.00 per share. | COTTON RICHARD JOHN | Director | — | 2025-04-30 00:00:00 | D |
| 4 | 100000 | — | — | Stock Award(Grant) at price 0.00 per share. | CAPONE VINCENT S | General Counsel | — | 2025-04-30 00:00:00 | D |
| 5 | 6000 | 10440 | — | Stock Award(Grant) at price 1.74 per share. | SPANGENBERG ERICH L | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2024-05-15 00:00:00 | D |
| 6 | 10000 | 20100 | — | Purchase at price 1.72 - 2.69 per share. | DIMAIO JOHN MICHAEL | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2024-05-10 00:00:00 | D |
| 7 | 6084 | 10039 | — | Stock Award(Grant) at price 1.65 per share. | SPARKS JEREMIAH A. | Officer | — | 2024-05-10 00:00:00 | D |
| 8 | 10000 | 17200 | — | Stock Award(Grant) at price 1.72 per share. | MICEK STAN | Chief Operating Officer | — | 2024-05-10 00:00:00 | D |
| 9 | 45000 | 79650 | — | Stock Award(Grant) at price 1.77 per share. | SPANGENBERG ERICH L | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2024-05-10 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.11M | -1.69M | -37.80K | 2.64K |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.02 |
| NormalizedEBITDA | -6.20M | -12.09M | -1.90M | -4.29M |
| TotalUnusualItems | -5.29M | -8.03M | -180.00K | 110.00K |
| TotalUnusualItemsExcludingGoodwill | -5.29M | -8.03M | -180.00K | 110.00K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -15.31M | -20.85M | -2.91M | -3.99M |
| ReconciledDepreciation | 588.00K | 722.00K | 568.00K | 1.00K |
| ReconciledCostOfRevenue | 16.31M | 10.18M | 14.53M | 8.19M |
| EBITDA | -11.49M | -20.12M | -2.08M | -4.18M |
| EBIT | -12.08M | -20.84M | -2.65M | -4.18M |
| NetInterestIncome | -2.95M | 172.00K | 21.00K | -17.00K |
| InterestExpense | 2.96M | 0.00 | ||
| InterestIncome | 14.00K | 172.00K | 21.00K | |
| NormalizedIncome | -11.14M | -14.51M | -2.77M | -4.10M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -15.31M | -20.85M | -2.91M | -3.99M |
| TotalExpenses | 36.16M | 31.04M | 28.02M | 19.42M |
| TotalOperatingIncomeAsReported | -6.58M | -12.98M | -2.65M | -4.18M |
| DilutedAverageShares | 17.93M | 14.09M | 15.69M | 15.69M |
| BasicAverageShares | 17.93M | 14.09M | 15.69M | 15.69M |
| DilutedEPS | -0.85 | -1.48 | -0.19 | -0.33 |
| BasicEPS | -0.85 | -1.48 | -0.19 | -0.33 |
| DilutedNIAvailtoComStockholders | -15.31M | -20.85M | -2.91M | -5.25M |
| NetIncomeCommonStockholders | -15.31M | -20.85M | -2.91M | -5.25M |
| PreferredStockDividends | 1.26M | |||
| NetIncome | -15.31M | -20.85M | -2.91M | -3.99M |
| NetIncomeIncludingNoncontrollingInterests | -15.31M | -20.85M | -2.91M | -3.99M |
| NetIncomeContinuousOperations | -15.31M | -20.85M | -2.91M | -3.99M |
| TaxProvision | 271.00K | 11.00K | 106.00K | -98.00K |
| PretaxIncome | -15.04M | -20.84M | -2.81M | -4.09M |
| OtherIncomeExpense | -5.51M | -8.03M | -180.00K | 110.00K |
| OtherNonOperatingIncomeExpenses | -220.00K | 49.00K | ||
| SpecialIncomeCharges | -615.00K | -8.34M | 0.00 | |
| RestructuringAndMergernAcquisition | 615.00K | 8.34M | 0.00 | |
| GainOnSaleOfSecurity | -4.68M | 311.00K | -180.00K | 110.00K |
| NetNonOperatingInterestIncomeExpense | -2.95M | 172.00K | 21.00K | -17.00K |
| TotalOtherFinanceCost | 12.00K | 17.00K | ||
| InterestExpenseNonOperating | 2.96M | 0.00 | ||
| InterestIncomeNonOperating | 14.00K | 172.00K | 21.00K | |
| OperatingIncome | -6.58M | -12.98M | -2.65M | -4.18M |
| OperatingExpense | 19.86M | 20.86M | 13.48M | 11.23M |
| SellingGeneralAndAdministration | 19.86M | 20.86M | 13.48M | 11.23M |
| GeneralAndAdministrativeExpense | 19.86M | 20.86M | 13.48M | 11.23M |
| OtherGandA | 19.86M | 20.86M | 13.48M | 11.23M |
| GrossProfit | 13.27M | 7.88M | 10.84M | 7.05M |
| CostOfRevenue | 16.31M | 10.18M | 14.53M | 8.19M |
| TotalRevenue | 29.58M | 18.06M | 25.37M | 15.24M |
| OperatingRevenue | 29.58M | 18.06M | 25.37M | 15.24M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 22.59M | 16.29M | 15.69M | 15.69M |
| ShareIssued | 22.59M | 16.29M | 15.69M | 15.69M |
| TotalDebt | 4.69M | 1.29M | 1.20M | 583.00K |
| TangibleBookValue | -7.25M | -1.71M | 12.00M | 13.75M |
| InvestedCapital | -4.46M | -1.27M | 12.17M | 14.34M |
| WorkingCapital | -7.52M | -2.50M | 11.31M | 13.68M |
| NetTangibleAssets | -7.25M | -1.71M | 12.00M | 13.75M |
| CapitalLeaseObligations | 1.90M | 853.00K | 1.03M | 0.00 |
| CommonStockEquity | -7.25M | -1.71M | 12.00M | 13.75M |
| TotalCapitalization | -7.25M | -1.71M | 12.00M | 13.75M |
| TotalEquityGrossMinorityInterest | -7.25M | -1.71M | 12.00M | 13.75M |
| StockholdersEquity | -7.25M | -1.71M | 12.00M | 13.75M |
| GainsLossesNotAffectingRetainedEarnings | 3.00K | 12.00K | 0.00 | |
| OtherEquityAdjustments | 3.00K | 12.00K | ||
| RetainedEarnings | -48.10M | -32.79M | -11.93M | -9.02M |
| AdditionalPaidInCapital | 40.85M | 31.07M | 23.93M | 22.64M |
| CapitalStock | 2.00K | 2.00K | 1.00K | 135.00K |
| CommonStock | 2.00K | 2.00K | 1.00K | 135.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | |
| TotalLiabilitiesNetMinorityInterest | 19.35M | 12.40M | 6.72M | 4.79M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 1.70M | 0.00 | 346.00K | 0.00 |
| LongTermDebtAndCapitalLeaseObligation | 1.70M | 0.00 | 346.00K | 0.00 |
| LongTermCapitalLeaseObligation | 1.70M | 0.00 | 346.00K | 0.00 |
| CurrentLiabilities | 17.64M | 12.40M | 6.37M | 4.79M |
| OtherCurrentLiabilities | 6.45M | 1.82M | 129.00K | 186.00K |
| CurrentDeferredLiabilities | 960.00K | 2.31M | 0.00 | 23.00K |
| CurrentDeferredRevenue | 960.00K | 2.31M | 0.00 | 23.00K |
| CurrentDebtAndCapitalLeaseObligation | 2.99M | 1.29M | 855.00K | 583.00K |
| CurrentCapitalLeaseObligation | 201.00K | 853.00K | 680.00K | 0.00 |
| CurrentDebt | 2.79M | 436.00K | 175.00K | 583.00K |
| CurrentNotesPayable | 2.79M | 436.00K | 175.00K | 583.00K |
| PensionandOtherPostRetirementBenefitPlansCurrent | 410.00K | 720.00K | 650.00K | 470.00K |
| CurrentProvisions | 736.00K | 957.00K | ||
| PayablesAndAccruedExpenses | 6.83M | 6.26M | 4.74M | 2.57M |
| CurrentAccruedExpenses | 2.61M | 3.47M | 1.87M | 907.00K |
| InterestPayable | 0.00 | 11.00K | ||
| Payables | 4.22M | 2.79M | 2.87M | 1.66M |
| TotalTaxPayable | 188.00K | 107.00K | 110.00K | 246.00K |
| IncomeTaxPayable | 0.00 | 0.00 | ||
| AccountsPayable | 4.04M | 2.68M | 2.76M | 1.41M |
| TotalAssets | 12.10M | 10.69M | 18.72M | 18.54M |
| TotalNonCurrentAssets | 1.97M | 790.00K | 1.03M | 72.00K |
| OtherNonCurrentAssets | 40.00K | |||
| NetPPE | 1.97M | 790.00K | 1.03M | 32.00K |
| GrossPPE | 1.97M | 790.00K | 1.03M | 32.00K |
| OtherProperties | 1.97M | 790.00K | 1.03M | 32.00K |
| CurrentAssets | 10.12M | 9.90M | 17.69M | 18.47M |
| OtherCurrentAssets | 746.00K | 801.00K | 270.00K | 840.00K |
| CurrentDeferredAssets | 0.00 | 283.00K | 0.00 | |
| PrepaidAssets | 1.29M | 1.45M | 331.00K | |
| Inventory | 425.00K | 230.00K | 0.00 | |
| Receivables | 2.50M | 2.35M | 2.91M | 1.51M |
| OtherReceivables | 618.00K | 71.00K | ||
| AccountsReceivable | 2.50M | 2.35M | 2.29M | 1.44M |
| CashCashEquivalentsAndShortTermInvestments | 5.16M | 4.79M | 14.17M | 16.12M |
| CashAndCashEquivalents | 5.16M | 4.79M | 14.17M | 16.12M |
| CashFinancial | 5.16M | 4.79M | 14.17M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -9.20M | -13.24M | -1.16M | -2.92M |
| RepaymentOfDebt | -7.76M | -483.00K | -785.00K | -701.00K |
| IssuanceOfDebt | 13.10M | 0.00 | ||
| IssuanceOfCapitalStock | 4.06M | 3.35M | 0.00 | 14.62M |
| CapitalExpenditure | -7.00K | |||
| InterestPaidSupplementalData | 11.00K | 29.00K | 23.00K | 12.00K |
| IncomeTaxPaidSupplementalData | 11.00K | 114.00K | 53.00K | 255.00K |
| EndCashPosition | 5.16M | 4.79M | 14.17M | 16.12M |
| BeginningCashPosition | 4.79M | 14.17M | 16.12M | 5.12M |
| EffectOfExchangeRateChanges | -9.00K | 12.00K | 0.00 | |
| ChangesInCash | 376.00K | -9.40M | -1.95M | 11.00M |
| FinancingCashFlow | 9.57M | 3.84M | -785.00K | 13.92M |
| CashFlowFromContinuingFinancingActivities | 9.57M | 3.84M | -785.00K | 13.92M |
| NetOtherFinancingCharges | 660.00K | |||
| ProceedsFromStockOptionExercised | 177.00K | 316.00K | 0.00 | 4.00K |
| NetCommonStockIssuance | 4.06M | 3.35M | 0.00 | 14.62M |
| CommonStockIssuance | 4.06M | 3.35M | 0.00 | 14.62M |
| NetIssuancePaymentsOfDebt | 5.34M | -483.00K | -785.00K | -701.00K |
| NetShortTermDebtIssuance | 5.34M | -483.00K | -785.00K | -701.00K |
| ShortTermDebtPayments | -7.76M | -483.00K | -785.00K | -701.00K |
| ShortTermDebtIssuance | 13.10M | 0.00 | ||
| NetLongTermDebtIssuance | 5.34M | -483.00K | -785.00K | -701.00K |
| LongTermDebtPayments | -7.76M | -483.00K | -785.00K | -701.00K |
| LongTermDebtIssuance | 13.10M | 0.00 | ||
| InvestingCashFlow | 0.00 | -7.00K | ||
| CashFlowFromContinuingInvestingActivities | 0.00 | -7.00K | ||
| NetPPEPurchaseAndSale | 0.00 | -7.00K | ||
| PurchaseOfPPE | 0.00 | -7.00K | ||
| OperatingCashFlow | -9.20M | -13.24M | -1.16M | -2.92M |
| CashFlowFromContinuingOperatingActivities | -9.20M | -13.24M | -1.16M | -2.92M |
| ChangeInWorkingCapital | -1.87M | 1.63M | 84.00K | 2.00K |
| ChangeInOtherWorkingCapital | -1.35M | 2.31M | ||
| ChangeInOtherCurrentLiabilities | -721.00K | -656.00K | -561.00K | 0.00 |
| ChangeInOtherCurrentAssets | 55.00K | -404.00K | 40.00K | -9.00K |
| ChangeInPayablesAndAccruedExpense | 336.00K | 424.00K | 1.40M | -917.00K |
| ChangeInAccruedExpense | -1.09M | 1.36M | 51.00K | 1.48M |
| ChangeInPayable | 1.43M | -935.00K | 1.34M | -2.40M |
| ChangeInAccountPayable | 1.43M | -935.00K | 1.34M | -2.40M |
| ChangeInPrepaidAssets | 163.00K | -377.00K | 615.00K | -257.00K |
| ChangeInInventory | -195.00K | -230.00K | 0.00 | |
| ChangeInReceivables | -159.00K | 566.00K | -1.41M | 1.19M |
| ChangesInAccountReceivables | -159.00K | -52.00K | -859.00K | 1.26M |
| OtherNonCashItems | 1.74M | 4.35M | ||
| StockBasedCompensation | 1.03M | 1.24M | 1.16M | 1.36M |
| DepreciationAmortizationDepletion | 588.00K | 722.00K | 568.00K | 1.00K |
| DepreciationAndAmortization | 588.00K | 722.00K | 568.00K | 1.00K |
| Depreciation | 588.00K | 722.00K | 568.00K | 1.00K |
| OperatingGainsLosses | 4.63M | -335.00K | -57.00K | -298.00K |
| GainLossOnInvestmentSecurities | 4.63M | -335.00K | -57.00K | -298.00K |
| NetIncomeFromContinuingOperations | -15.31M | -20.85M | -2.91M | -3.99M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for MDAI
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|