Spectral AI, Inc. (MDAI) vs Nano-X Imaging Ltd. (NNOX)

Spectral AI, Inc. and Nano-X Imaging Ltd. are both Medical Devices companies. Spectral AI, Inc. and Nano-X Imaging Ltd. are of similar size ($53.4M and $53.1M). Nano-X Imaging Ltd. grew revenue faster over the last twelve months: 31.5% against −44.1%. Spectral AI, Inc. has the higher net margin (−65.5% vs −747.2%) and the higher return on invested capital (0.00% vs −168.6%). Across the 16 metrics below, Spectral AI, Inc. leads on 11 and Nano-X Imaging Ltd. on 5.

Valuation

Metric MDAI NNOX Medical Devices median
P/E n/m n/m 22.18
P/S 3.31 2.86 2.70
P/B n/m 0.62 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 3.12 1.28 2.38
Earnings yield (20.95%) (266.05%) (8.22%)
Free cash flow yield (25.25%) (116.39%) (7.80%)

Profitability

Metric MDAI NNOX Medical Devices median
Gross margin 42.92% (337.50%) 56.01%
Operating margin (77.17%) (765.62%) (15.03%)
Net margin (65.54%) (747.20%) (20.40%)
Free cash flow margin (83.66%) (333.22%) (7.24%)
Return on equity 95.15% (98.98%) (15.32%)
Return on assets (56.92%) (84.82%) (19.72%)
Return on invested capital 0.00% (168.62%) (10.33%)

Growth

Metric MDAI NNOX Medical Devices median
Revenue growth (TTM) (44.13%) 31.52% 8.80%
EPS growth (last fiscal year) 65.88% (27.47%) —
Revenue growth, 5-year CAGR — — 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MDAI NNOX Medical Devices median
Debt to equity (0.92) 0.04 0.07
Current ratio 0.90 2.84 2.50
Net debt to EBITDA 1.31 0.69 0.49

Dividend

Metric MDAI NNOX Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric MDAI NNOX Medical Devices median
Market cap 53.10m 53.44m 172.91m

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