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Marpai (MRAI) investor relations material
Marpai Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 net revenues were $4.7M, down 35% year-over-year, mainly due to customer turnover and strategic exits from unprofitable contracts.
Net loss for Q2 2025 was $4.4M, a 66% improvement from Q2 2024, driven by cost reductions and absence of impairment charges.
Operating expenses were reduced by 70% year-over-year, saving $9.9M as part of a turnaround strategy.
The company is exploring strategic alternatives, including investments, mergers, or a sale, to maximize shareholder value.
Transitioned stock listing from Nasdaq to OTCQX in May 2024.
Financial highlights
Q2 2025 revenue: $4.7M (down 35% year-over-year); six-month revenue: $10.1M (down 31%).
Q2 2025 net loss: $4.4M (improved from $13.0M loss in Q2 2024); six-month net loss: $7.4M (improved from $17.4M loss in 2024).
Operating loss was $3.6M, a 71% improvement year-over-year.
Net loss per share improved by $0.95 year-over-year, with Q2 2025 at $(0.28) versus $(1.23) in Q2 2024.
Cash and cash equivalents at June 30, 2025, were $619K, with restricted cash of $7.7M.
Outlook and guidance
Management estimates profitability will be achieved in Q1 2026, supported by a strong new business pipeline for January 2026.
Major infrastructure investment planned for Q3 2025 to enhance efficiency and client service.
Revenue decline reflects strategic exit from unprofitable contracts; cost of revenues increased due to investments in member engagement and system enhancements.
Enhancements expected to reduce costs and improve member experience, with investments tapering off in Q4.
Management projects the need for additional capital to fund operations until revenue scales to self-sufficiency.
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