Spectral AI posted decreases in its 2023 revenue.
For the fourth quarter of 2023, the company reported a revenue of $5.3 million, compared with $6.1 million for the same period in 2022.
Net loss for the fourth quarter of last year was $3.5 million, compared to a net loss of $1.7 million for the same time period in 2022. For the 2023 fiscal year, the net loss was $20.9 million, compared with a net loss of $2.9 million in 2022. Spectral said the net loss posted for 2023 included $8.3 million of nonrecurring transaction costs associated with the completion of the company’s Nasdaq listing, it said.
