Marpai Reports Prelim Q4 Net Revenue of $8.7M Vs $8.71M Est and FY23 Net Revenue of $37.2M Vs $34.62M Est
Portfolio Pulse from Benzinga Newsdesk
Marpai, Inc. (NASDAQ:MRAI) announced preliminary Q4 net revenue of $8.7M, slightly below estimates, and FY23 net revenue of $37.2M, surpassing estimates. The company showed significant improvements in operating expenses and operating loss, but expects a $3.0M goodwill impairment charge in Q4. Full results will be released on March 26, 2024, with a webcast on March 27.
March 06, 2024 | 11:06 am
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Marpai, Inc. reported preliminary Q4 and FY23 revenues, with FY23 revenue exceeding estimates. The company also reported significant operational improvements but expects a $3M goodwill impairment charge.
MRAI's FY23 revenue exceeding estimates and operational improvements indicate a positive outlook, likely leading to a short-term positive impact on its stock price. However, the goodwill impairment charge could temper some of the positive sentiment.
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