Marpai Inc Cl A Down 8.43% To $2.17 After Earnings

Wednesday, March 27, 2024 - Marpai Inc Cl A (MRAI) reported downside earnings and revenues today.

Marpai Inc Cl A's earnings came in at an EPS loss of $0.65 per share. The firm's loss per share narrowed by 60% since reporting a loss of $1.64 per share a year ago.

Revenues were downbeat at $8.7 million. That is an increase of 14.15% in revenues from the year-ago report and is 0.03% lower than consensus estimates set at $8.7 million.

The stock is down 8.43% to $2.17 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Marpai Inc Cl A a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 40. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Marpai Inc operates as a health plan company. It uses A.I. to predict and help prevent costly events for its members, and in turn, lower its clients' health care costs. It offers a health plan services system that addresses the problems of healthcare past and enables companies to provide healthcare to employees. The company generates the majority of its revenue from the United States.