Spectral AI, Inc. provided an update to investors on January 22, 2025, announcing that it anticipates reporting annual revenue exceeding its $28 million market guidance for fiscal year 2024. This projected revenue represents the highest in the company's history.
The expected growth is partly attributed to the company's increased focus on the completion of its BARDA contract. This strategic emphasis has also contributed to an anticipated improved gross profit margin for the 2024 calendar year.
Additionally, Spectral AI expects to report over $5.0 million in cash as of December 31, 2024. These preliminary results indicate strong operational performance and financial health as the company moves forward with its strategic initiatives.
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