🔴 Spectral AI is trading 5.87% down in pre-market after Q2 revenue fell to $3.5 million

Spectral AI is trading at $1.61 (-5.87%) after Q2 revenue fell to $3.5 million from $5.1 million year over year.

• Gross margin dropped to 31.6% from 45.2%, reflecting BARDA cost-sharing provisions and lower-margin contract work.
• Revenue missed estimates, although the $0.13 per-share loss beat expectations; management reiterated approximately $18.5 million 2026 revenue guidance.
• Company-specific earnings release was the clearest catalyst for the August 12, 2026 pre-market decline; broader indexes were modestly higher, making broad market weakness unlikely.