Wed, May 14, 8:24 PM (35 days ago)
**Marpai, Inc. (MRAI) Q1 2025 Financial Summary** **Financial Health and Performance Metrics:** - **Revenue:** $5.4 million (down 26.6% YoY from $7.4 million in Q1 2024) due to customer turnover. - **Operating Loss:** $2.25 million (improved by 44.6% YoY from $4.07 million in Q1 2024). - **Net Loss:** $3.07 million (improved by 29.4% YoY from $4.35 million in Q1 2024). - **Cash Flow from Operations:** Negative $115,000 (improved from negative $3.59 million in Q1 2024). - **Cash Position:** $729,000 in unrestricted cash (down from $764,000 in Q4 2024). - **Accumulated Deficit:** $101.9 million (up from $98.8 million in Q4 2024). - **Negative Working Capital:** $6.9 million. **Profit Margins:** - Gross Margin: Not explicitly stated, but implied by the revenue and cost of revenue figures. - Operating Margin: -41.5% (improved from -55.2% in Q1 2024). **Cash Flow:** - **Operating Cash Flow:** Negative $115,000 (improved from negative $3.59 million in Q1 2024). - **Investing Cash Flow:** Positive $500,000 (from the sale of a business unit). - **Financing Cash Flow:** Positive $1.89 million (from debt and equity financing). **Earnings Changes:** - **EPS (Basic and Diluted):** -$0.21 (improved from -$0.46 in Q1 2024). **Quarterly Performance Discussion:** - Revenue decline due to customer turnover, but operational efficiencies led to improved loss figures. - Strategic realignments and cost-cutting measures contributed to better financial performance. - Continued reliance on debt and equity financing to support operations. **Trends and Uncertainties:** - Customer concentration risk remains, with two customers accounting for 63.5% of accounts receivable. - Uncertainty around strategic alternatives and the need for additional capital to support operations. - Potential dilution to existing stockholders due to equity financing. **Future Operations Impact:** - Management is exploring strategic alternatives to maximize shareholder value. - Continued focus on operational efficiencies and cost management. - Need for additional capital to support growth and operational requirements. **Ticker:** MRAI **Trading Platform:** OTCQX **Market Cap:** Not explicitly stated, but can be calculated using the share price and outstanding shares. **Share Price:** Not explicitly stated, but can be inferred from the private placement price of $1.00 per share on May 13, 2025. **Outstanding Shares:** 14.9 million as of May 14, 2025. **Note:** The company's liquidity condition raises substantial doubt about its ability to continue as a going concern through twelve months from the date of the financial statements.