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. The Company expects to hold a webcast to discuss the results on November 12, 2024 . Q3 2024 Financial Highlights: Net revenues were approximately $7.
0 million for the three months ended September 30, 2024 , down $1.7 million , or 20% lower year over year, compared to the three months ended September 30, 2023 . Operating expenses were $10.
1 million for the three months ended September 30, 2024 , down $5.7 million , or 36% lower year over year compared to the three months ended September 30, 2023 . Operating loss was $3.
1 million for the three months ended September 30, 2024 , lower by $4.0 million , or 57% lower year over year compared to the three months ended September 30, 2023 . Net loss was $3.
6 million for the three months ended September 30, 2024 , lower by $3.7 million , or 51% lower year over year compared to the three months ended September 30, 2023 . Basic and diluted earnings per share were ($0.
30) for the three months ended September 30, 2024 , up $0.68 per share year over year compared to the three months ended Sep.
