Marpai Inc Stock Price, News & Analysis

Marpai (OTCQX: MRAI), a technology platform company operating as a national Third-Party Administrator (TPA), has scheduled a conference call and webcast for November 12, 2024, at 8:30 a.m. ET to discuss its third quarter 2024 financial results. The company, which aims to transform the $22 billion TPA market through intelligent healthcare solutions for self-funded employer health plans, will release its Q3 results after market close on November 11. The webcast will be available for replay until November 19, 2024, accessible via phone using replay code 07499 or through the webinar link.

Marpai, Inc. (OTCQX: MRAI), a technology platform company operating as a national Third-Party Administrator (TPA), has announced a new off-cycle client contract starting September 1st. This contract strengthens Marpai's presence in the southeast, particularly in Florida, bringing nearly 1,500 employee lives under its innovative self-funding solution. The company, which aims to transform the $22 billion TPA market, continues to grow its client base by offering affordable, intelligent healthcare solutions to self-funded employer health plans.

John Powers, Marpai's President, highlighted the significance of securing an off-cycle client, as most new clients typically start on January 1st. He attributed this success to the company's Marpai Saves program, which focuses on value-oriented solutions and excellent customer service, particularly appealing to businesses in the southeastern United States seeking cost-effective, high-quality healthcare options.

Marpai, Inc. (OTCQX: MRAI), a technology platform company operating as a national Third-Party Administrator (TPA), reported its Q2 2024 financial results. Net revenues decreased by 28% year-over-year to $7.2 million. Operating expenses increased by 32% to $14.3 million, including a $7.6 million charge for goodwill and intangibles impairment. The company's operating loss widened by 69% to $12.3 million, while net loss increased by 72% to $13.0 million. Basic and diluted earnings per share were ($1.23), down $0.13 compared to Q2 2023. Despite these challenges, CEO Damien Lamendola stated that the company is progressing towards profitability and has established a strong sales pipeline for Q1 2025. The company plans to host a conference call on August 8, 2024, to discuss the results further.

Marpai, Inc. (OTCQX: MRAI), a technology platform company operating as a national Third-Party Administrator (TPA), has announced a conference call and webcast scheduled for August 8, 2024, at 8:30 a.m. ET. The event aims to discuss the company's second quarter 2024 financial results and operational highlights. Marpai is focused on transforming the $22 billion TPA market by offering affordable, intelligent healthcare solutions to self-funded employer health plans.

The company will release its Q2 results on August 7, 2024, after market close. Interested parties can join the call via phone or webcast, with replay options available until August 15, 2024. This event provides an opportunity for investors and analysts to gain insights into Marpai's performance and future outlook in the healthcare technology sector.

Marpai (OTCQX: MRAI) announced that its President, John Powers, will be a featured speaker at three prestigious healthcare conferences. These events include:

• HCAA TPA University (July 15-17, St. Louis)
• SIIA National Conference (October 8-10, Phoenix, AZ)
• Rosetta Fest (September 11-13, Washington, DC)

Powers will share insights on topics such as ethical administration in a transparent marketplace, the future of TPAs, and healthcare solutions. As a leader in the $22 billion TPA market, Marpai focuses on transforming self-funded employer health plans with affordable, intelligent healthcare solutions.

Marpai (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company, announced its decision to withdraw from Nasdaq and transition to the OTCQX Market. The decision, driven by non-compliance with Nasdaq's minimum stockholders' equity requirement and the high costs of maintaining a Nasdaq listing, aims to help Marpai focus on profitable growth. Trading on Nasdaq will cease on May 29, 2024, with immediate trading commencement on OTCQX under the symbol 'MRAI'. The company believes this move will ensure continued trading visibility while reducing expenses. Shareholders do not need to exchange their shares, and Marpai will remain subject to the U.S. Securities Exchange Act of 1934's reporting requirements.

Marpai, Inc. reported its first-quarter 2024 financial results, showcasing a reduction in operating expenses by over $5 million and net loss by over 50% compared to 2023. The company also highlighted a decrease in net revenues and gross profit, but a significant improvement in operating expenses and net loss. Marpai remains dedicated to reducing client costs and improving member care through operational and financial enhancements.

Marpai, Inc. will host a webcast on May 10, 2024, to discuss its first quarter 2024 financial results. The company is an independent national Third-Party Administration (TPA) company in the $22 billion TPA market, providing affordable healthcare solutions to self-funded employer health plans.

Marpai, Inc. announced a cost reduction program and property sublease, expecting $3 million in annual savings. The program focuses on streamlining operations and optimizing expenditures to enhance profitability while maintaining service levels. The sublease aims to generate additional savings and improve long-term financial performance.