Financial Snapshot

Revenue
$30.29M
TTM
Gross Margin
34.24%
TTM
Net Earnings
-$25.91M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
81.89%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$27.56M
Q3 2024
Cash
Q3 2024
P/E
-0.7428
Nov 29, 2024 EST
Free Cash Flow
-$429.2K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $37.16M $24.34M $14.23M $0.00 $0.00
YoY Change 52.64% 71.1%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $37.16M $24.34M $14.23M $0.00 $0.00
Cost Of Revenue $24.24M $17.14M $10.29M $0.00 $0.00
Gross Profit $12.92M $7.206M $3.937M $0.00 $0.00
Gross Profit Margin 34.76% 29.6% 27.67%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $34.08M $19.26M $13.02M $1.527M $911.7K
YoY Change 76.98% 47.89% 752.73% 67.49%
% of Gross Profit 263.86% 267.25% 330.71%
Research & Development $1.312M $3.708M $1.734M $1.766M $674.9K
YoY Change -64.63% 113.85% -1.84% 161.74%
% of Gross Profit 10.16% 51.46% 44.04%
Depreciation & Amortization $3.897M $3.538M $1.962M $74.38K $23.40K
YoY Change 10.13% 80.36% 2537.31% 217.88%
% of Gross Profit 30.17% 49.1% 49.83%
Operating Expenses $39.29M $22.97M $14.75M $3.293M $1.587M
YoY Change 71.08% 55.65% 348.02% 107.59%
Operating Profit -$26.37M -$26.96M -$15.86M -$3.368M -$1.587M
YoY Change -2.17% 69.95% 370.98% 112.27%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$1.554M $266.8K $427.2K $521.1K -$103.3K
YoY Change -682.48% -37.55% -18.03% -604.54%
% of Operating Profit
Other Income/Expense, Net $488.9K $234.5K $172.5K $25.85K $16.90K
YoY Change 108.5% 35.92% 567.46% 52.93%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$29.04M -$26.99M -$16.13M -$3.868M -$1.673M
YoY Change 7.6% 67.27% 317.14% 131.22%
Income Tax -$290.1K -$521.1K -$150.0K $0.00 $0.00
% Of Pretax Income
Net Earnings -$28.75M -$26.47M -$15.98M -$3.868M -$1.673M
YoY Change 8.63% 65.58% 313.26% 131.22%
Net Earnings / Revenue -77.38% -108.74% -112.36%
Basic Earnings Per Share -$4.14 -$1.31 -$1.59 -$1.60
Diluted Earnings Per Share -$4.14 -$1.31 -$1.59 -$1.60 -$116.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $1.147M $13.76M $19.18M $1.755M $187.3K
YoY Change -91.67% -28.25% 993.32% 836.57%
Cash & Equivalents $1.147M $13.76M $19.18M $1.755M $187.3K
Short-Term Investments
Other Short-Term Assets $13.24M $10.95M $7.494M $325.6K $74.95K
YoY Change 20.83% 46.18% 2201.73% 334.38%
Inventory
Prepaid Expenses
Receivables $1.894M $1.788M $223.7K
Other Receivables $808.5K $30.63K $91.50K
Total Short-Term Assets $17.08M $26.54M $26.99M $2.180M $290.1K
YoY Change -35.62% -1.68% 1138.06% 651.42%
Property, Plant & Equipment $2.984M $5.348M $2.934M $532.7K $700.0K
YoY Change -44.21% 82.3% 450.68% -23.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.288M $1.315M $80.61K
YoY Change -2.02% 1531.1%
Total Long-Term Assets $14.59M $23.41M $17.21M $4.352M $3.950M
YoY Change -37.66% 36.04% 295.47% 10.17%
Total Assets $31.68M $49.95M $44.20M $6.532M $4.240M
YoY Change
Accounts Payable $4.649M $1.458M $1.126M $174.9K $44.88K
YoY Change 218.92% 29.47% 543.78% 289.68%
Accrued Expenses $14.90M $15.61M $8.851M $364.4K $154.4K
YoY Change -4.54% 76.38% 2328.55% 136.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.866M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $20.84M $17.36M $11.15M $2.649M $199.3K
YoY Change 20.06% 55.76% 320.71% 1229.52%
Long-Term Debt $19.40M $0.00 $0.00 $7.096M $4.534M
YoY Change -100.0% 56.49%
Other Long-Term Liabilities $3.684M $24.98M $1.347M $283.3K $379.7K
YoY Change -85.25% 1754.4% 375.46% -25.4%
Total Long-Term Liabilities $23.09M $24.98M $1.347M $7.379M $4.914M
YoY Change -7.57% 1754.4% -81.75% 50.17%
Total Liabilities $45.12M $43.82M $14.49M $10.03M $5.113M
YoY Change 2.97% 202.32% 44.52% 96.12%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 6.952M 20.24M 10.08M 2.429M
Diluted Shares Outstanding 6.952M 20.24M 10.08M 2.429M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $19.247 Million

About Marpai, Inc.

Marpai, Inc. offers a SMART health plan services system that transforms health plan into a health empowerment tool. The company is headquartered in Tampa, Florida and currently employs 162 full-time employees. The company went IPO on 2021-10-27. The firm provides administrative services and acts as a third-party administrator (TPA) to self-insured employers who provide healthcare benefits to their employees. Its products and services include Health Plan Administration services, Ancillary In-House services, and Third-Party Vendor services. Its Health Plan Administration services offering includes handling all aspects of administration related to a healthcare plan. Its In-House Ancillary Services are derived from its in-house products related to its role as the administrator of the clients' health plans. The firm typically design healthcare benefit plan for its client, which allows the client to define the coverage it would like to provide to its employees. The firm offers MarpaiRx, a national pharmacy benefit management program.

Industry: Services-Misc Health & Allied Services, NEC Peers: eHealth, Inc. GoHealth, Inc. Hippo Holdings Inc. MARSH & MCLENNAN COMPANIES, INC. Reliance Global Group, Inc. SelectQuote, Inc.