Q3 Earnings Forecast for Spectral AI Issued By HC Wainwright

Key Takeaways:

• HC Wainwright issued a new earnings forecast for Spectral AI.
• Analyst S. Ramakanth predicts a Q3 2025 loss of $0.08 per share.
• The research note was dated August 14, 2025.
• Spectral AI trades on Nasdaq under the ticker MDAI.
• Defenseworld Net published the forecast on August 18, 2025.

Investor Note
HC Wainwright’s latest brief on Spectral AI, Inc. (NASDAQ: MDAI) landed on investors’ desks on August 14, outlining a less-than-rosy picture for the company’s next quarterly report. Analyst S. Ramakanth wrote that the firm “will post earnings of ($0.08) per share for the quarter,” a figure that places the company in the red for the period ending September 30.

The Projection at a Glance
| Quarter | Analyst | Forecast EPS | Date Issued |
|———|———|————–|————-|
| Q3 2025 | S. Ramakanth (HC Wainwright) | –$0.08 | Aug 14, 2025 |

Context, Not Consensus
Ramakanth’s note references a broader consensus estimate, though the precise figure was not disclosed in the report reviewed by TIME. For now, HC Wainwright’s eight-cent loss remains the clearest public datapoint on Spectral AI’s near-term prospects.

What It Means
While a single forecast cannot tell the whole earnings story, the negative projection signals headwinds as the company approaches its third-quarter close. Investors will watch closely to see whether Spectral AI can outperform the modest bar set by HC Wainwright—or if further revisions lie ahead.

Looking Ahead
With the quarter’s results still weeks away, Spectral AI has limited time to shift the narrative. Whether the company narrows the projected loss or confirms the analyst’s view will become clear when earnings are officially released later this year.