Marpai Inc (MRAI) Q3 2024 Earnings Call Highlights: Strategic Investments and Operational ... [Yahoo! Finance]
MARPAI INC A (MRAI)
Company Research
Source: Yahoo! Finance
CEO Damien Lamendola has made a personal investment in Marpai Inc ( MRAI ), demonstrating strong commitment and confidence in the company's future. Operational efficiencies have significantly improved, with average claim processing time and call answer time reduced by 75% and 80%, respectively. The company has successfully brought customer service operations in-house, eliminating the need for third-party services and reducing costs. Marpai Inc ( MRAI ) has a robust sales pipeline for 2025, with new client acquisitions including a 4,000-employee restaurant group and a 6,000-employee hospital group. The company has reduced operating expenses by 15% from Q2, saving approximately $1.8 million, and stabilized cash used in operations at $3.5 million for the third quarter. Revenue declined by approximately 3% from Q2, indicating potential challenges in maintaining or growing top-line performance. The company reported an operating loss of approximately $3.1 million for the third
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MRAI
News
- Marpai, Inc (MRAI) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- MARPAI REPORTS THIRD QUARTER 2024 FINANCIAL RESULTSPR Newswire
- MARPAI TO HOST WEBCAST ON NOVEMBER 12, 2024 TO DISCUSS THIRD QUARTER 2024 FINANCIAL RESULTSPR Newswire
- MARPAI ANNOUNCES NEW "OFF CYCLE" CLIENT CONTRACT [Yahoo! Finance]Yahoo! Finance
- MARPAI ANNOUNCES NEW "OFF CYCLE" CLIENT CONTRACTPR Newswire
MRAI
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 10/7/24 - Form SCHEDULE
- MRAI's page on the SEC website