---
title: "SPECTRAL AI INC C/WTS (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 6.707 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240228679.md"
datetime: "2025-05-14T20:03:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240228679.md)
  - [en](https://longbridge.com/en/news/240228679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240228679.md)
generator: "portal-rs"
---

# SPECTRAL AI INC C/WTS (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 6.707 M

Revenue: As of FY2025 Q1, the actual value is USD 6.707 M.

EBIT: As of FY2025 Q1, the actual value is USD 2.968 M.

### Segment Revenue

-   **Research & Development Revenue**: Increased by 6.0% to $6.7 million in Q1 2025 from $6.3 million in Q1 2024, primarily due to increased activity under the BARDA PBS Contract.

### Operational Metrics

-   **Gross Margin**: Improved to 47.2% in Q1 2025 from 46.6% in Q1 2024, attributed to a higher concentration of direct labor as a component of reimbursement under the BARDA PBS Contract.
-   **General & Administrative Expenses**: Reduced to $4.1 million in Q1 2025 from $5.1 million in Q1 2024, reflecting a focus on the BARDA PBS Contract.
-   **Net Income**: Reported net income of $2.9 million in Q1 2025, compared to a net loss of - $3.2 million in Q1 2024, primarily due to changes in the fair value of the Company’s warrant liability.

### Cash Flow

-   **Cash Position**: Improved to $14.1 million as of March 31, 2025, from $5.2 million at December 31, 2024, supported by a debt financing agreement and equity financing.

### Unique Metrics

-   **Change in Fair Value of Warrant Liability**: Recorded a decrease of $4.4 million in Q1 2025, contributing significantly to the net income.

### Outlook / Guidance

-   The Company reiterates its revenue guidance of approximately $21.5 million for FY 2025, excluding contributions from the sale of the DeepView System for burn indication or any additional material financial contributions from its commercialization.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**