Marpai

Marpai, Inc. offers a SMART health plan services system that transforms health plan into a health empowerment tool. It provides health plan services system addresses the problems of healthcare. The firm uses deep learning, artificial intelligence, to empower people to live better, stay strong and spend less on healthcare. Its SMART health plan services enables companies to provide better healthcare to employees and significantly reduce administration, reinsurance and care costs. The company was founded in January 2021 and is headquartered in Tampa, FL.

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Marpai shifts focus to high-margin clients, improves financial metrics

Marpai's Q1 2024 performance reflected a strategic focus on high-margin clients, leading to improved financial metrics despite a decrease in net revenues. With a strong balance sheet and recent capital actions, the company is well-positioned to pursue growth opportunities in the competitive TPA market.

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Marpai, Inc (OTCQX:MRAI) Q3 2024 Results Conference Call November 12, 2024 8:30 AM ET Company Participants Steve Johnson - Chief Financial Officer Damien Lamendola - Chief Executive Officer and Director John Powers - President Operator Good morning, and welcome to the Marpai Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Marpai, Inc (MRAI) Q3 2024 Earnings Call Transcript

Turnaround continues to gain traction TAMPA, Fla. , Nov. 11, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, which operates as a national Third-Party Administrator (TPA) through its subsidiaries and is transforming the $22 billion TPA market by offering affordable, intelligent, healthcare solutions to self-funded employer health plans, announced financial results for the third quarter of 2024.

MARPAI REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS

TAMPA, Fla. , Nov. 8, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, operates as a national Third-Party Administrator (TPA) through its subsidiaries.

MARPAI TO HOST WEBCAST ON NOVEMBER 12, 2024 TO DISCUSS THIRD QUARTER 2024 FINANCIAL RESULTS

Company continues to grow with new business leveraging regional success in the southeast TAMPA, Fla. , Aug. 27, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, operates as a national Third-Party Administrator (TPA) through its subsidiaries.

MARPAI ANNOUNCES NEW "OFF CYCLE" CLIENT CONTRACT

Marpai, Inc. (OTCQX:MRAI) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Steve Johnson - Chief Financial Officer Damien Lamendola - Chief Executive Officer and Director Operator Good morning, and welcome to the Marpai Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Marpai, Inc. (MRAI) Q2 2024 Earnings Call Transcript

Company continues to drive towards profitability TAMPA, Fla. , Aug. 7, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, which operates as a national Third-Party Administrator (TPA) through its subsidiaries and is transforming the $22 billion TPA market by offering affordable, intelligent, healthcare solutions to self-funded employer health plans, announced financial results for the second quarter of 2024.

MARPAI REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS

TAMPA, Fla. , Aug. 2, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, operates as a national Third-Party Administrator (TPA) through its subsidiaries.

MARPAI TO HOST WEBCAST ON AUGUST 8, 2024 TO DISCUSS SECOND QUARTER 2024 FINANCIAL RESULTS

TAMPA, Fla., July 16, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), an independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced that its President John Powers, a recognized thought leader, has been asked to be a featured speaker at three of the industry's most prestigious conferences.

MARPAI PRESIDENT JOHN POWERS TABBED TO SPEAK AT 3 ELITE HEALTHCARE CONFERENCES

Marpai (NASDAQ: MRAI ) stock is taking a beating on Tuesday as investors prepare for the company's shares to be delisted tomorrow. Marpai alerted investors that it is withdrawing from a hearing with the Nasdaq Exchage's officials.

Why Is Marpai (MRAI) Stock Down 41% Today?

Move reduces cost and burdens of Nasdaq listing TAMPA, Fla. , May 24, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced it has informed The Nasdaq Stock Market LLC of its intention to withdraw from the Nasdaq hearings process and transition the listing of its Class A common shares, par value $0.0001 per share (the "Shares"), from The Nasdaq Capital Market ("Nasdaq") and have the Shares quoted on the OTCQX Market ("OTCQX").

MARPAI ANNOUNCES WITHDRAWAL FROM NASDAQ HEARINGS PROCESS AND WILL TRANSITION TRADING TO THE OTCQX MARKET

NEW YORK , May 21, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Marpai, Inc. (NASDAQ: MRAI) on behalf of the company's shareholders. The investigation seeks to determine whether Marpai's directors breached their fiduciary duties in connection with recent corporate actions.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Marpai, Inc. (NASDAQ: MRAI)

Marpai, Inc. [MRAI] Q1 2024 Earnings Conference Call May 10, 2024 8:00 AM ET Company Participants Damien Lamendola - Director & CEO John Powers - President Steve Johnson - CFO Conference Call Participants Operator Good morning, and welcome to the Marpai first quarter 2024 earnings conference call. [Operator instructions].

Marpai, Inc. (MRAI) Q1 2024 Earnings Call Transcript

Reduces Operating Expense by over $5 million and Net Loss by over 50% compared to 2023 TAMPA, Fla. , May 9, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced financial results for the first quarter of 2024.

MARPAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS

TAMPA, Fla. , May 3, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, will host a conference call and webcast on Friday, May 10 at 8:30 a.m.

MARPAI TO HOST WEBCAST ON MAY 10, 2024 TO DISCUSS FIRST QUARTER 2024 FINANCIAL RESULTS

TAMPA, Fla. , May 2, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced the implementation of a comprehensive cost reduction program and the sublease of one of its properties.

MARPAI INC. ANNOUNCES COST REDUCTION PROGRAM AND PROPERTY SUBLEASE

TAMPA, Fla. , April 24, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced the strategic hiring of two industry-renowned salespeople, significantly strengthening its sales force with a focus on accelerating its growth trajectory.

MARPAI INC. BOLSTERS SALES TEAM WITH TWO WORLD-CLASS EXECUTIVES

Financing Strengthens Marpai's Growth Trajectory TAMPA, Fla. , April 16, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced the sale of new three-year, $11.83 million convertible notes to funds managed by JGB Management Inc. The loan proceeds will be used to repay Marpai's existing debt with Libertas Funding, fuel Marpai's ongoing growth initiatives and bolster working capital.

MARPAI INC. ANNOUNCES SALE OF $11.83 MILLION CONVERTIBLE NOTES

Allegion

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Snowflake

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Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.

The 5 Hottest CEO Stock Purchases So Far This Year

Marpai, Inc. (MRAI) Q4 2023 Earnings Call Transcript

Full Year Benefit of Maestro Acquisition and Q4 Corrective Actions Driving Financial Improvement TAMPA, Fla. , March 26, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent healthcare, today announced financial results for the fourth quarter and fiscal year 2023.

MARPAI REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

TAMPA, Fla., March 13, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced that it received notice from the Nasdaq Hearings Panel ("Panel") of The Nasdaq Stock Market ("Nasdaq") that it has granted the Company an extension to regain compliance with the continued listing requirements for The Nasdaq Capital Market (the "Panel Decision"), as discussed more fully below.

NASDAQ PANEL GRANTS MARPAI'S REQUEST FOR EXTENSION TO COMPLY WITH CONTINUED LISTING REQUIREMENTS

Full Year Impact of Maestro Acquisition and Q4 Corrective Actions Driving Improvement TAMPA, Fla. , March 6, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced unaudited preliminary financial results for the fourth quarter and fiscal year 2023.

MARPAI ANNOUNCES PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL YEAR 2023

Marpai executes new client agreement furthering its expansion in the Southeast. TAMPA, Fla.

MARPAI ANNOUNCES "OFF-CYCLE" NEW CLIENT AGREEMENT

Marpai executes amendment with AXA delaying payment obligations and secures $1.7 million in revenue-based financing from Libertas Funding, LLC.   NEW YORK , Feb. 8, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced two key financing agreements.

MARPAI ANNOUNCES KEY FINANCIAL AGREEMENTS

Liberty Media Corp-Liberty SiriusXM

OPKO Health

PBF Energy

Solid Biosciences

The number of notable insider purchases in mid-January may have been somewhat small, but a couple from the Oracle of Omaha made headlines.

News for Marpai Stock (MRAI)