Spectral AI Inc (NAS:MDAI)

Q2 2025 Spectral AI Inc Earnings Call Transcript

Aug 12, 2025 / 09:00 PM GMT

Release Date Price: $2.23 (-5.51%)

Transcript 8-K10-Q

Key Points

Positve

Spectral AI Inc (MDAI) successfully completed a debt financing agreement with Avenue Venture Opportunities Fund 2, securing up to $15 million in funding.
The company raised an additional $2.7 million in equity financing from institutional and existing investors.
Spectral AI Inc (MDAI) completed its FDA submission for the Deep View system, marking a significant milestone in its development.
The company has a strong financial position with over $10 billion in cash on hand and potential access to an additional $6.5 million of debt.
General and administrative expenses were significantly reduced from $5.8 million in Q2 2024 to $4.4 million in Q2 2025, reflecting improved operating efficiencies.

Negative

Research and development revenue decreased to $5.1 million from $7.5 million in the second quarter of the previous year.
Gross margin slightly decreased to 45.2% from 46.6% in the second quarter of last year.
The company reported a net loss of $7.9 million in Q2 2025, compared to a net loss of $2.9 million in Q2 2024.
The reduction in revenue reflects anticipated reduced reimbursements under the BAA Project BioShield contract.
The company's revenue guidance for 2025 does not include contributions from sales of the Deep View system in the UK or Australia, which are not expected to be material.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MDAI.OQ - Spectral AI Inc
Q2 2025 Spectral AI Inc Earnings Call
Aug 12, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon everyone and welcome to the Special AI Inc Q2 2025 financial results conference call.

All participants will be in a listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then 1 on your touch 10 telephones. To withdraw your questions, you may press star and 2.

Please also note today's event is being recorded and at this time I'd like to turn the floor over to Sarah Pendergast, Assistant general counsel. Please go ahead.

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