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Marpai (MRAI)
OTHER OTC:MRAI
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 37.66%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Positive
The earnings call indicated positive operational improvements and strategic client acquisitions, alongside successful cost reductions and new investments, despite a slight decline in revenue.Company Guidance
During Marpai’s Third Quarter 2024 Earnings Call, key metrics highlighted included significant operational improvements and financial adjustments. The company reduced average claim processing time and call answer time by 75% and 80%, respectively, allowing the integration of customer service operations in-house. Financially, Marpai cut operating expenses by 15% from Q2, saving approximately $1.8 million, while operating loss was reduced from $4.7 million in Q2 to $3.1 million in Q3, excluding a $7.6 million impairment. Despite a 3% revenue decline from Q2, cash on hand remained just over $800,000, and cash used in operations stabilized at $3.5 million. Looking forward, Marpai anticipates over 25% reduction in TPA expenses by Q1 2025 and maintains a robust sales pipeline with stable revenue from typical 3-year contracts.Improved Operational Efficiency
Key process indicators such as average claim processing time and average call answer time decreased by 75% and 80%, respectively, allowing Marpai to eliminate its third-party customer service team.
Strategic Client Acquisitions
Secured clients including a 4,000-life employee restaurant group and a 6,000 employee life multi-location hospital group, contributing to a robust sales pipeline for 2025.
Cost Reduction Achievements
Operating expenses reduced by 15% from Q2, saving approximately $1.8 million, and operating loss reduced from $4.7 million to $3.1 million.
Investment and Shareholder Confidence
CEO Damien Lamendola made another direct investment, and the company gained a new institutional investor, IFCM MicroCap Fund, managed by Ian Cassel.
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MRAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MRAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $0.77 | $1.05 | +36.36% |
| Aug 07, 2024 | $0.51 | $0.60 | +17.65% |
| May 09, 2024 | $2.38 | $2.24 | -5.88% |
| Mar 26, 2024 | $2.37 | $2.08 | -12.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marpai (MRAI) report earnings?
Marpai (MRAI) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Marpai (MRAI) earnings time?
Marpai (MRAI) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRAI EPS forecast?
Currently, no data Available
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