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SPECTRAL AI INC (MDAI) Stock Fundamental Analysis

USA - NASDAQ:MDAI - US84757T1051 - Common Stock

2.205 USD
-0.19 (-8.12%)
Last: 10/22/2025, 12:01:56 PM
Fundamental Rating

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MDAI gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 190 industry peers in the Health Care Equipment & Supplies industry. MDAI may be in some trouble as it scores bad on both profitability and health. MDAI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

In the past year MDAI has reported negative net income.
MDAI had a negative operating cash flow in the past year.
In the past 5 years MDAI reported 4 times negative net income.
MDAI had a negative operating cash flow in each of the past 5 years.
MDAI Yearly Net Income VS EBIT VS OCF VS FCFMDAI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 10M -10M -20M

1.2 Ratios

MDAI has a worse Return On Assets (-89.41%) than 76.84% of its industry peers.
Industry RankSector Rank
ROA -89.41%
ROE N/A
ROIC N/A
ROA(3y)-41.51%
ROA(5y)-25.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MDAI Yearly ROA, ROE, ROICMDAI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 1K

1.3 Margins

The Gross Margin of MDAI (45.28%) is worse than 60.53% of its industry peers.
The Profit Margin and Operating Margin are not available for MDAI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 45.28%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MDAI Yearly Profit, Operating, Gross MarginsMDAI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -50 -100

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2. Health

2.1 Basic Checks

MDAI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MDAI has been increased compared to 1 year ago.
The debt/assets ratio for MDAI is higher compared to a year ago.
MDAI Yearly Shares OutstandingMDAI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 10M 20M 30M
MDAI Yearly Total Debt VS Total AssetsMDAI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

MDAI has an Altman-Z score of -2.61. This is a bad value and indicates that MDAI is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -2.61, MDAI is doing worse than 65.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -2.61
ROIC/WACCN/A
WACC8.44%
MDAI Yearly LT Debt VS Equity VS FCFMDAI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

MDAI has a Current Ratio of 0.87. This is a bad value and indicates that MDAI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.87, MDAI is not doing good in the industry: 90.53% of the companies in the same industry are doing better.
MDAI has a Quick Ratio of 0.87. This is a bad value and indicates that MDAI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MDAI (0.84) is worse than 83.16% of its industry peers.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.84
MDAI Yearly Current Assets VS Current LiabilitesMDAI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 5M 10M 15M

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3. Growth

3.1 Past

MDAI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.76%, which is quite impressive.
Looking at the last year, MDAI shows a very strong growth in Revenue. The Revenue has grown by 22.27%.
EPS 1Y (TTM)54.76%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-93.75%
Revenue 1Y (TTM)22.27%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-32.27%

3.2 Future

Based on estimates for the next years, MDAI will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.14% on average per year.
MDAI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.53% yearly.
EPS Next Y53.25%
EPS Next 2Y27.78%
EPS Next 3Y18.98%
EPS Next 5Y19.14%
Revenue Next Year-24.9%
Revenue Next 2Y9.63%
Revenue Next 3Y20.37%
Revenue Next 5Y10.53%

3.3 Evolution

MDAI Yearly Revenue VS EstimatesMDAI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 50M 100M 150M
MDAI Yearly EPS VS EstimatesMDAI Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 0.5 -0.5 1 -1

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MDAI. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for MDAI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MDAI Price Earnings VS Forward Price EarningsMDAI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MDAI Per share dataMDAI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

MDAI's earnings are expected to grow with 18.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.78%
EPS Next 3Y18.98%

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5. Dividend

5.1 Amount

MDAI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SPECTRAL AI INC

NASDAQ:MDAI (10/22/2025, 12:01:56 PM)

2.205

-0.19 (-8.12%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)08-12 2025-08-12/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners10.93%
Inst Owner Change0%
Ins Owners28.9%
Ins Owner Change2.69%
Market Cap58.94M
Revenue(TTM)27.55M
Net Income(TTM)-14313000
Analysts84.44
Price Target4.96 (124.94%)
Short Float %3.33%
Short Ratio1.5
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-65.75%
Min EPS beat(2)-314.46%
Max EPS beat(2)182.96%
EPS beat(4)2
Avg EPS beat(4)-78.5%
Min EPS beat(4)-314.46%
Max EPS beat(4)182.96%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)7.76%
Min Revenue beat(2)-9.73%
Max Revenue beat(2)25.25%
Revenue beat(4)3
Avg Revenue beat(4)9.15%
Min Revenue beat(4)-9.73%
Max Revenue beat(4)25.25%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)1.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-175%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.79%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.14
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.69
EYN/A
EPS(NY)-0.31
Fwd EYN/A
FCF(TTM)-0.23
FCFYN/A
OCF(TTM)-0.23
OCFYN/A
SpS1.03
BVpS-0.34
TBVpS-0.34
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -89.41%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 45.28%
FCFM N/A
ROA(3y)-41.51%
ROA(5y)-25.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover1.72
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.87
Quick Ratio 0.84
Altman-Z -2.61
F-Score5
WACC8.44%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.76%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-93.75%
EPS Next Y53.25%
EPS Next 2Y27.78%
EPS Next 3Y18.98%
EPS Next 5Y19.14%
Revenue 1Y (TTM)22.27%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-32.27%
Revenue Next Year-24.9%
Revenue Next 2Y9.63%
Revenue Next 3Y20.37%
Revenue Next 5Y10.53%
EBIT growth 1Y57%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.4%
EBIT Next 3Y46.05%
EBIT Next 5Y19.67%
FCF growth 1Y-600.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-600.7%
OCF growth 3YN/A
OCF growth 5YN/A