Risk factors

Spectral AI (MDAI) risk factors

Item 1A of every Spectral AI, Inc. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    78 risks, 78 new, 70 dropped since the prior year. The company relies heavily on government contracts like BARDA and DOD for funding its DeepView diagnostic systems. Regulatory approval from the FDA and international bodies remains a central milestone for commercialization. Proprietary AI algorithms and extensive wound data repositories form the core of the business model.

    Filed Mar 25, 2026
  • FY2024 10-K risk factors

    70 risks. Spectral AI relies heavily on government contracts from BARDA, MTEC, and DHA to fund the development of its DeepView System. The company faces significant financial pressures, including material weaknesses in internal controls and Nasdaq listing compliance risks.

    Filed Mar 31, 2025