Marpai Inc reports results for the quarter ended in March - Earnings Summary

Marpai

10/05/2024 22:00

* Marpai Inc  MRAI.OQ  reported a quarterly adjusted loss
of 46
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.56.  The lone analyst forecast for the quarter was for a
loss of 43 cents per share. 
    * Revenue fell 23.6% to $7.39 million from a year ago;
analysts
expected $8.70 million. 
    * Marpai Inc's reported EPS for the quarter was a loss of 46
cents​.
    * The company reported a quarterly loss of $4.35 million.
    * Marpai Inc shares had fallen by 2.5% this quarter and
gained 36.0% so far this year.

FORECAST CHANGES
    * 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Marpai Inc is
$6.00 
This summary was machine generated from LSEG data May 10 at
09:00 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.43          -0.46          Missed
 Jun. 30 2023      -1.28          -1.00          Beat