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Spectral AI, Inc.

corporate_fare Company Profile

Spectral AI, Inc.

MDAI·NASDAQ·Industrial Applications And Services·CIK 0001833498

DeepView Diagnostics is an AI company specializing in predictive medical diagnostics. Its core product, the DeepView System, utilizes proprietary AI algorithms to identify fully damaged, partially damaged, and healthy human tissue characteristics that are not visible to the naked eye at the initial presentation of a wound. The system provides a binary prediction on whether a wound will heal by a specific future time point, assisting healthcare professionals in making more accurate, timely, and informed treatment decisions. The company's primary focus is on burn indications. The DeepView System, which integrates a multispectral imaging (MSI) component with the predictive AI-Burn® software, received United Kingdom Conformity Assessed (UKCA) marking for use in the United Kingdom for burn indications on February 22, 2024, with the registration fully completed on March 7, 2024. The business plans to have two revenue streams: a Software as a Service (SaaS) model for its software, operating under a Software as a Medical Device (SaMD) regulatory framework, and revenue from its imaging device component. The SaaS component will include a software licensing fee covering maintenance, image hosting, and algorithmic updates. The proprietary imaging device, which acquires images for the AI algorithms, is a universal platform designed to support multiple clinical indications beyond burn wound healing analysis. Pricing for these components will be determined strategically per country and site-of-service. The MSI technology within the DeepView System uses patented multi-spectral optics and sensors to capture injured tissue images across near UV, human visible, and near infrared (NIR) wavelengths.

Spectral AI, Inc. (NASDAQ:MDAI) is a publicly traded company in the Industrial Applications And Services sector. Wiseek has independently scored 17 items for MDAI at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-15, rated 7/10. Across its 17 most recent items scored 7 or higher, the top rating is 9/10, with 11 rated 8 or above. Recent SEC coverage for MDAI spans 8-K, 10-Q, PRE 14A, 10-K.

Recent high-impact activity:

  • Spectral AI Investor Deck Reveals $150M BARDA Contract and Commercial Launch Timeline
  • Spectral AI Q2 2026: Cash Burn Accelerates, Material Weakness Persists Despite FDA Win
  • Spectral AI Appoints Darcy Bajko as Chief Commercial Officer to Lead DeepView System Global Sales Launch
  • Shareholders Approve Potential Highly Dilutive Share Issuance to Hudson Bay
  • Spectral AI Receives FDA De Novo Classification for DeepView® System, Enabling Commercial Launch

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$19.65M
Net Income
-$7.57M
Diluted EPS
-$0.29
Op. Cash Flow
-$9.92M
Gross Profit
$8.93M
Operating Income
-$8.6M
Cash & Equivalents
$15.39M
Total Debt
$5.54M
Debt / Equity
-0.97×
Net Margin
-38.5%
Shares Outstanding
30.69M sh
Source: 10-K · filed 2026-03-25 · accession 0001213900-26-033808

Short Interest & Short Volume

21.88 days to cover

FINRA reported short interest of 2,195,305 shares in MDAI as of the September 15, 2026 settlement, a 1.8% decrease from the prior period — about 21.9 days to cover at its recent average daily volume. On October 2, 2026, 62.1% of MDAI volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)2,195,305 shares as of September 15, 2026
Change vs prior period▼ 1.8%
Days to cover21.88 at avg daily volume of 100,348
Daily short volume (FINRA facilities)62.1% of 79,509 shares on October 2, 2026
5-day average short volume54.2%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

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$1.63 -0.03% today
52-week range · as of 2026-09-15 $1.18 – $2.97
Market cap
$53.43M
Volume
188K (1.6× avg)
3-mo avg 117.3K
Live data · 2026-10-05 02:04 UTC · Market closed

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feed MDAI - Latest Insights

MDAI
Sep 15, 2026, 4:03 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.59
Real-time Price: $1.63 info
Change: +$0.0381 (+2%) info
Market Cap: $53.427M info
MDAI
Aug 11, 2026, 4:02 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $1.63
Real-time Price: $1.63 info
Change: -$0.0019 (-0.12%) info
Market Cap: $53.427M info
MDAI
Jul 08, 2026, 4:01 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $1.73
Real-time Price: $1.63 info
Change: -$0.1019 (-6%) info
Market Cap: $53.427M info
MDAI
Jun 01, 2026, 4:01 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $2.03
Real-time Price: $1.63 info
Change: -$0.4019 (-20%) info
Market Cap: $53.427M info
MDAI
May 26, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $2.37
Real-time Price: $1.63 info
Change: -$0.7419 (-31%) info
Market Cap: $53.427M info
MDAI
May 26, 2026, 7:00 AM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $2.93
Real-time Price: $1.63 info
Change: -$1.30 (-44%) info
Market Cap: $53.427M info
MDAI
May 13, 2026, 6:11 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $2.14
Real-time Price: $1.63 info
Change: -$0.5115 (-24%) info
Market Cap: $53.427M info
MDAI
May 12, 2026, 6:01 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $2.14
Real-time Price: $1.63 info
Change: -$0.5115 (-24%) info
Market Cap: $53.427M info
MDAI
Apr 22, 2026, 8:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.82
Real-time Price: $1.63 info
Change: -$0.1919 (-11%) info
Market Cap: $53.427M info
MDAI
Apr 08, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.68
Real-time Price: $1.63 info
Change: -$0.0519 (-3%) info
Market Cap: $53.427M info
MDAI
Apr 06, 2026, 4:28 PM EDT
Filing Type: PRE 14A
Importance Score:
7
Price at Filing: $1.67
Real-time Price: $1.63 info
Change: -$0.0419 (-3%) info
Market Cap: $53.427M info
MDAI
Mar 24, 2026, 9:49 PM EDT
Filing Type: 10-K
Importance Score:
8
Price at Filing: $1.60
Real-time Price: $1.63 info
Change: +$0.0281 (+2%) info
Market Cap: $53.427M info
MDAI
Mar 24, 2026, 4:25 PM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $1.82
Real-time Price: $1.63 info
Change: -$0.1919 (-11%) info
Market Cap: $53.427M info
MDAI
Mar 18, 2026, 7:07 PM EDT
Filing Type: SCHEDULE 13D/A
Importance Score:
8
Price at Filing: $1.62
Real-time Price: $1.63 info
Change: +$0.0081 (+0.50%) info
Market Cap: $53.427M info
MDAI
Mar 18, 2026, 4:05 PM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $1.74
Real-time Price: $1.63 info
Change: -$0.1119 (-6%) info
Market Cap: $53.427M info
MDAI
Feb 10, 2026, 4:01 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.56
Real-time Price: $1.63 info
Change: +$0.0681 (+4%) info
Market Cap: $53.427M info
MDAI
Feb 03, 2026, 4:01 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.74
Real-time Price: $1.63 info
Change: -$0.1119 (-6%) info
Market Cap: $53.427M info
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