---
title: "SPECTRAL AI INC C/WTS (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 6.707 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240438600.md"
datetime: "2025-05-15T18:57:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240438600.md)
  - [en](https://longbridge.com/en/news/240438600.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240438600.md)
generator: "portal-rs"
---

# SPECTRAL AI INC C/WTS (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 6.707 M

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

EPS: As of FY2025 Q1, the actual value is USD 0.11.

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

### Segment Revenue

-   **Research and Development Revenue**: $6.7 million for the three months ended March 31, 2025, an increase of 6.0% compared to the same period in 2024, primarily due to increased activity under the BARDA PBS contract.

### Operational Metrics

-   **Gross Profit**: $3.168 million for the three months ended March 31, 2025, compared to $2.945 million for the same period in 2024, representing a 7.6% increase.
-   **Gross Margin**: 47.2% for the three months ended March 31, 2025, up from 46.6% in the same period in 2024.
-   **Operating Loss**: - $896 thousand for the three months ended March 31, 2025, compared to - $2,143 thousand for the same period in 2024, indicating a reduction in operating loss.
-   **Net Income**: $2.897 million for the three months ended March 31, 2025, compared to a net loss of - $3.205 million for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $1.505 million for the three months ended March 31, 2025, compared to - $2.680 million for the same period in 2024, reflecting decreased staffing levels and consulting costs.
-   **Net Cash Provided by Financing Activities**: $10.392 million for the three months ended March 31, 2025, compared to $8.049 million for the same period in 2024, primarily due to proceeds from the Avenue Financing and equity raise.

### Unique Metrics

-   **Adjusted EBITDA**: - $694 thousand for the three months ended March 31, 2025, compared to - $1,857 thousand for the same period in 2024, showing improvement.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to begin commercialization activities in the United Kingdom in 2025 following the receipt of the UKCA mark for burn indication on its DeepView System. The DeepView System is expected to have two revenue streams: a SaMD model and an imaging device component.
-   **Non-Core Business**: The company formed a new subsidiary, Spectral IP, to acquire artificial intelligence intellectual property with a focus on healthcare, supported by a $1.0 million investment from an affiliate of its largest stockholder.

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