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Company Analysis

Spectral AI, Inc. MDAI

A comprehensive view of key metrics, scores, and financial health for Spectral AI, Inc.

Overview of Spectral AI, Inc.

MDAI NCM
Healthcare Medical Devices Framework: Medical Devices & Diagnostics Micro Cap
Spectral AI, Inc. (MDAI), is a Micro Cap company, in the Medical Devices industry, last closed at $1.53, about 58.8% overvalued vs fair value, -30.5% 1Y return, ranked 793/1145 in sector.
Metrics Rev Growth -33.6% ROE 116.7% Gross Margin 45.4%
USD 1.53
2.00%
(Delayed)
• Vol 90d: 43.0%
52-Week Range
Market Cap
$49.24M
Enterprise Value
$50.18M
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Weak
Health
Weak
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Weak
Health
Weak
Efficiency
Fair
Valuation
Fair
Completeness: 88%
Confidence: 88%
Updated: Oct 24
Top Beats

Quick Facts

Website https://www.spectral-ai.com
HQ Dallas, TX
Employees 78
Fiscal year Dec 31

Next Events

Earnings Nov 10

Fair Value Snapshot

Bear Base Bull
$1
$1
$1
Current: $1.53 -59% vs base

Engine Room Money Flow™

Micro Cap

Medical Devices & Diagnostics - Where revenue goes and how value is created

Flow Steps
Total Revenue
$19.6M
-33.6%%
Gross Profit
$8.9M
-32.8%%
Operating Income (GAAP)
-$8.6M
-30.7%%
EBITDA
-$4.5M
60.6%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Medical Devices & Diagnostics

Quality & Reliability Indicators

Gross Margin
45.4%
Fair

Gross Profit / Revenue — primary moat signal for MedTech. ≥65% indicates IP-protected consumables with strong pricing power.

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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
1/1
Improving
0
High Impact
1
Critical
Moat Analysis Medical Devices & Diagnostics

Competitive Advantage Assessment

Evaluating Spectral AI, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
42
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Stable Gross Margin Profile Gross margin stability is strong (score 0.84). Low volatility confirms durable consumable pricing.
  • Improving FCF Trend FCF trend score is positive (score 0.67). Improving FCF margin signals compounding operational leverage.

Key risks

  • Weak Capital Return Profile Capital return quality is below peers (score 0.08). Low ROIC raises questions about M&A discipline and pipeline ROI.
  • Below-Peer Gross Margins Gross margin quality lags peers (score 0.28). May indicate commodity-like product mix or distributor margin drag.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power & Consumable Moat

Moderate
51
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Signals, strengths and risks for Pricing Power & Consumable Moat

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Signals, strengths and risks for R&D Pipeline & Capital Returns

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Signals, strengths and risks for FCF Quality & Cash Conversion

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Signals, strengths and risks for Commercial Execution

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Signals, strengths and risks for Capital Structure & Resilience

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Signals, strengths and risks for Growth Durability

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Healthcare: MedTech (Devices & Supplies) vs Industry Peers 76% Coverage
Trade-Off Triangle Visualization A ternary plot showing MDAI's balance between Growth (34.4%), Profitability (27.0%), and Safety (38.6%). Growth 34% Safety 39% Profitability 27%

Click axes to expand details. Marker shows current allocation.

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Growth

35th percentile vs peers
35
Key Signals
EPS Growth YoY 66.2% 75p Asset Growth YoY 77.0% 95p Rev Growth YoY -33.6% 11p Revenue CAGR 3Y -8.2% 16p
Strengths

No notable strengths identified for this axis.

Risks
  • Rev Growth YoY in bottom 20% of peers (-33.6%)

Profitability

27th percentile vs peers
28
Key Signals
Strengths
Risks
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Safety

39th percentile vs peers
40
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Spectral AI, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$0.63
- - -
-58.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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