Spectral AI Inc reports results for the quarter ended June 30 - Earnings Summary

• Spectral AI Inc MDAI.OQ reported a quarterly adjusted loss of 31 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of four analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -6 cents per share.

• Revenue fell 32.3% to $5.07 million from a year ago; analysts expected $5.50 million.

• Spectral AI Inc's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $7.97 million.

• Spectral AI Inc shares had fallen by 4.8% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

• Wall Street's median 12-month price target for Spectral AI Inc is $4.75, about 50.3% above its last closing price of $2.36

This summary was machine generated from LSEG data August 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)