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Spectral AI, Inc. develops artificial intelligence medical diagnostics for wound care, with the DeepView System as its principal platform for burn-wound assessment. DeepView combines multispectral imaging with a proprietary AI algorithm to evaluate the healing potential of burn wounds and provide a binary prediction on whether tissue is likely to heal within a specified period.
Recurring news about Spectral AI covers DeepView presentations at burn-care medical meetings, BARDA funding for burn imaging technology, FDA De Novo 510(k) activity, financial results, commercialization preparation, stockholder meetings and executive appointments. Company updates also describe research and development revenue tied to government-supported development work and governance matters associated with its Nasdaq-listed common stock.
Spectral AI (Nasdaq: MDAI) received FDA De Novo Classification for its DeepView® System for burn indication, authorizing commercial distribution in the United States. The non-invasive device uses multispectral imaging and AI to assess burn wounds’ 21-day healing potential, supporting faster, data-driven treatment decisions in burn, trauma, and emergency settings.
Spectral AI (Nasdaq:MDAI) reported Q1 2026 results and updated its 2026 outlook. R&D revenue was $4.0 million versus $6.7 million, while gross margin improved to 50.8% from 47.2%. The company recorded a net loss of $3.4 million versus prior-year net income of $2.9 million, mainly from warrant liability revaluation.
Cash was $11.7 million on March 31, 2026. Spectral AI highlighted $31.7 million in advanced, non-dilutive BARDA funding supporting DeepView development, reiterated full-year 2026 revenue guidance of about $18.5 million, and announced David McGuire as Chief Financial Officer.
Spectral AI (Nasdaq: MDAI) received the Small Business Innovator Award at the inaugural Texas Innovation Conference on April 22-23, 2026.
The company was recognized for its DeepView® System, an AI-driven multispectral imaging platform to assess burn-wound healing potential. Spectral AI submitted a De Novo clearance application to the FDA in June 2025. Representatives Jason Dwight and Bob Spencer accepted the award.
Spectral AI (Nasdaq: MDAI) will report Q1 2026 financial results for the quarter ended March 31, 2026 on Tuesday, May 12, 2026 after Nasdaq market close, with a conference call at 5:00 PM ET and a simultaneous webcast available on the company investor relations Events page.
Spectral AI (Nasdaq: MDAI) showcased its DeepView System at the American Burn Association Annual Meeting, April 14-17, 2026, presenting to more than 2,200 clinicians. The DeepView System uses multispectral imaging and a proprietary AI algorithm to assess burn wound healing potential. Spectral AI submitted a De Novo 510(k) marketing clearance application in June 2025.
The company highlighted real-world usability, clinician presentations, and multiple podium and poster studies from U.S. and U.K. investigators.
Spectral AI (Nasdaq: MDAI) will hold its 2026 Annual Meeting of Stockholders at 9:30 a.m. CDT on Friday, May 29, 2026. Only holders of record at the close of business on April 1, 2026 may vote.
Stockholders may attend in person at the company headquarters or join virtually by registering in advance at www.proxydocs.com/MDAI using the 12- or 16-digit control number. The company filed a Definitive Proxy Statement on April 16, 2026; a free copy is available at www.sec.gov or via Spectral AI's investor site.
Spectral AI (Nasdaq: MDAI) will exhibit its DeepView® System at the American Burn Association Annual Meeting, April 14-17, 2026 in Orlando, Booth 601.
The company will offer hands-on demonstrations, an ABA Innovation Theater overview on April 14 at 5:30 pm, and multiple podium and poster presentations. Spectral AI submitted a De Novo 510(k) application for DeepView to the FDA in June 2025.
Spectral AI (Nasdaq: MDAI) announced that David McGuire, CPA, will join as Chief Financial Officer effective May 4, 2026. The appointment highlights experience in public company reporting, Sarbanes-Oxley 404, capital markets and finance transformation as the company readies commercialization of the DeepView® System.
Mr. McGuire has over 20 years of finance and accounting experience, including senior roles at Solo Brands, EZCORP and Ernst & Young, and holds a BBA and a Master in Professional Accounting from The University of Texas at Austin.
Spectral AI (Nasdaq: MDAI) reported Q4 2025 R&D revenue $3.8M and FY 2025 R&D revenue $19.7M. Cash was $15.4M at December 31, 2025, and Q4 net income was $0.6M while FY net loss was $(7.6M). The company submitted a De Novo 510(k) for DeepView burn indication and received $31.7M additional BARDA funding, with $54.9M committed to date under a contract valued up to $150M. Spectral AI provided 2026 revenue guidance of approximately $18.5M.
Spectral AI (Nasdaq: MDAI) received $31.7 million from BARDA to accelerate feature development of its DeepView® System, an AI burn wound imaging platform. The company will add $9.7 million toward development; BARDA funding supplements $54.9 million previously committed under a contract valued up to $150.0 million. The award is non-dilutive as Spectral AI awaits a determination on market authorization from the U.S. FDA for DeepView.