Quarterly ResultMay 15, 2026, 04:28 PM
Marpai Reports Increased Q1 Net Loss, Going Concern Doubt
AI Summary
Marpai, Inc. reported an increased net loss of $3.2 million for the first quarter of 2026, up from $3.1 million in the prior year, while revenue decreased to $4.4 million from $5.4 million. The company's liquidity condition raises substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $118.6 million and negative working capital of $16.7 million as of March 31, 2026. Marpai also renegotiated the payment terms of its convertible debentures after missing a scheduled principal payment.
Key Highlights
- Net loss increased to $3.2 million for Q1 2026 from $3.1 million for Q1 2025.
- Revenue decreased to $4.4 million for Q1 2026 from $5.4 million for Q1 2025.
- Accumulated deficit reached $118.6 million as of March 31, 2026.
- Company reported negative working capital of $16.7 million as of March 31, 2026.
- Net cash used in operating activities was $477 thousand for Q1 2026.
- Convertible debentures payment terms were renegotiated on May 13, 2026.
- Total liabilities increased to $46.2 million as of March 31, 2026.
Price Impact
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