Spectral AI (MDAI) announced an update on its operating results. Pending the completion of its audited financial statements, the Company anticipates reporting annual revenue exceeding its $28M market guidance. This represents the highest revenue in the Company’s history. This growth is partly driven by the Company’s increased focus on the completion of its BARDA contract, which has also contributed to an improved gross profit margin for the 2024 calendar year. In addition, the Company expects to report over $5M in cash.
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