STOCK TITAN

Spectral AI Inc - MDAIW STOCK NEWS

Welcome to our dedicated page for Spectral AI news (Ticker: MDAIW), a resource for investors and traders seeking the latest updates and insights on Spectral AI stock.

Spectral AI Inc (MDAIW) pioneers AI-driven medical diagnostics through its DeepView System, transforming wound care assessments with real-time imaging technology. This dedicated news hub provides investors and medical professionals with essential updates on the company's advancements in predictive healthcare solutions.

Access authoritative information on regulatory milestones, product developments, and strategic partnerships that shape Spectral AI's position in medical technology. Our curated collection includes press releases about FDA clearances, clinical trial results, and innovations in emergency care diagnostics.

Key updates cover Spectral AI's work with military medical units, enhancements to its proprietary algorithms, and expansions into new healthcare markets. The platform serves as your primary source for understanding how MDAIW's technology improves decision-making in critical care environments.

Bookmark this page for structured access to verified company announcements. Check regularly to stay informed about Spectral AI's contributions to AI-powered diagnostics and their impact on patient outcomes across care settings.

Rhea-AI Summary

Spectral AI (Nasdaq: MDAI) announced the results of its 2024 Annual Meeting of Stockholders held on May 14, 2024. Key outcomes include the election of six directors to serve until the next Annual Meeting, and the approval of four proposals. Newly elected directors are Richard Cotton, Peter M. Carlson, Dr. J. Michael DiMaio, Martin Mellish, Deepak Sadagopan, and Marion Snyder. Additionally, stockholders ratified the adoption of the 2023 Long Term Incentive Plan, the appointment of KPMG LLP as the company's independent auditor for the 2024 fiscal year, and the reservation and issuance of shares of common stock pursuant to the Standby Equity Purchase Agreement. The Board also expanded to seven members and appointed Erich Spangenberg as a new director, who had previously declined to stand for reelection but accepted the Board’s request to serve.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management AI
-
Rhea-AI Summary

Spectral AI, Inc. (Nasdaq: MDAI) announced their Q1 2024 financial results, showcasing a $6.3 million Research & Development revenue, cash reserves of $10.2 million, and the deployment of DeepView AI®-Burn devices in the UK with expected commercial revenue in 2H 2024. The company plans further regulatory submissions in the US and UK for the DeepView™ System in 2024 and 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Spectral AI, Inc. (Nasdaq: MDAI) will be participating in the Sidoti Micro-Cap Virtual Investor Conference on May 8-9, 2024. The company focuses on AI for medical diagnostics in wound care. Interested parties can access the live presentation and webcast on the company's website. Registration for the event is free.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences AI
Rhea-AI Summary

Spectral AI, Inc. (Nasdaq: MDAI) received the Commitment to Quality Achievement Award from the Texas Manufacturer Assistance Center for their UKCA Mark Attainment. The award recognizes the company's leadership in the Texas Manufacturing space and their dedication to innovation in wound care through DeepView™ technology. TMAC, associated with MEP-NIST, supports Texas manufacturers with business consulting, technology implementation, workforce development, and strategic planning.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
AI
-
Rhea-AI Summary
Spectral AI, Inc. (Nasdaq: MDAI) has scheduled its 2024 first quarter financial results release for May 7, 2024. The company specializes in AI for medical diagnostics in wound care, aiming for faster and more precise treatment decisions. Investors can join the conference call at 5:00 pm Eastern Time to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Spectral AI appoints Erich Spangenberg as CEO of its health care IP-focused subsidiary, Spectral IP, aiming to unlock additional value for MDAI shareholders through potential spin-off. Spangenberg's IP monetization expertise and investment plans highlight the company's strategic move towards IP-related opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
AI
Rhea-AI Summary
Spectral AI, Inc. appoints Jeremiah A. Sparks as Chief Commercialization Officer to drive commercialization of DeepView, an innovative wound management solution. Sparks brings over 20 years of medical device marketing experience, including global marketing and business strategy. His track record includes successful market assessments, commercialization plans, and product launches at major companies like Johnson & Johnson and Allergan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management AI
-
Rhea-AI Summary
Spectral AI, Inc. (Nasdaq: MDAI) expects its 2023 Research & Development revenue of $18.1 million to increase to $28.0 million in 2024. Commercialization for DeepView AI®-Burn indication in the UK is underway, with revenue expected in 2H 2024. The company plans additional regulatory submissions in the US and UK for DeepView™ System burn and diabetic foot ulcer indications. Spectral AI highlights progress in product development, clinical trials, and financial results, aiming for commercial revenue across multiple platforms within the next three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Spectral AI, Inc. (Nasdaq: MDAI) secures a $30.0 million prepaid advance and standby equity purchase agreement to support commercialization and research activities. The agreement with a long-only investor includes a fixed conversion price of $3.16 and provides flexibility for additional draws. CEO Peter M. Carlson highlights the importance of this funding for strategic imperatives and commercialization initiatives, emphasizing recent milestones in the U.K. and the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
AI
Rhea-AI Summary
Spectral AI, Inc. (Nasdaq: MDAI) announced a $1 million investment from its largest shareholder into its subsidiary Spectral IP, focusing on advancing intellectual property in the AI ecosystem. The investment aims to unlock additional value for shareholders and accelerate innovation in medical diagnostics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
AI
Spectral AI Inc

Nasdaq:MDAIW

MDAIW Rankings

MDAIW Stock Data

22.60M
Medical Devices
Surgical & Medical Instruments & Apparatus
Link
United States
DALLAS