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Side-by-side financial comparison of Spectral AI, Inc. (MDAI) and SOCKET MOBILE, INC. (SCKT). Click either name above to swap in a different company.

Spectral AI, Inc. is the larger business by last-quarter revenue ($4.1M vs $4.0M, roughly 1.0× SOCKET MOBILE, INC.). Spectral AI, Inc. runs the higher net margin — 25.7% vs -287.5%, a 313.2% gap on every dollar of revenue. On growth, SOCKET MOBILE, INC. posted the faster year-over-year revenue change (-17.9% vs -46.3%). Over the past eight quarters, SOCKET MOBILE, INC.'s revenue compounded faster (-10.8% CAGR vs -19.6%).

Spectral AI, Inc. is a medical technology firm specializing in AI-powered diagnostic imaging solutions primarily for burn and wound care. It develops non-invasive imaging tools that enable healthcare providers to deliver faster, more accurate treatment assessments, serving clinical and healthcare partner networks across North America and European markets.

Socket Mobile, Inc. designs, manufactures and sells portable data capture and payment acceptance solutions, including handheld barcode scanners, RFID readers and contactless payment terminals. Its core customer segments cover retail, healthcare, field services and logistics, with products compatible with major mobile operating systems and widely deployed across North America, Europe and Asia Pacific.

MDAI vs SCKT — Head-to-Head

Bigger by revenue
MDAI
MDAI
1.0× larger
MDAI
$4.1M
$4.0M
SCKT
Growing faster (revenue YoY)
SCKT
SCKT
+28.3% gap
SCKT
-17.9%
-46.3%
MDAI
Higher net margin
MDAI
MDAI
313.2% more per $
MDAI
25.7%
-287.5%
SCKT
Faster 2-yr revenue CAGR
SCKT
SCKT
Annualised
SCKT
-10.8%
-19.6%
MDAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDAI
MDAI
SCKT
SCKT
Revenue
$4.1M
$4.0M
Net Profit
$1.1M
$-11.4M
Gross Margin
45.2%
50.2%
Operating Margin
-54.9%
-14.9%
Net Margin
25.7%
-287.5%
Revenue YoY
-46.3%
-17.9%
Net Profit YoY
113.9%
-29977.8%
EPS (diluted)
$0.04
$-1.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MDAI
MDAI
SCKT
SCKT
Q4 25
$4.1M
$4.0M
Q3 25
$3.8M
$3.1M
Q2 25
$5.1M
$4.0M
Q1 25
$6.7M
$4.0M
Q4 24
$7.6M
$4.8M
Q3 24
$8.2M
$3.9M
Q2 24
$7.5M
$5.1M
Q1 24
$6.3M
$5.0M
Net Profit
MDAI
MDAI
SCKT
SCKT
Q4 25
$1.1M
$-11.4M
Q3 25
$-3.6M
$-1.2M
Q2 25
$-8.0M
$-792.1K
Q1 25
$2.9M
$-994.1K
Q4 24
$-7.6M
$38.1K
Q3 24
$-1.5M
$-1.1M
Q2 24
$-2.9M
$-607.6K
Q1 24
$-3.2M
$-557.4K
Gross Margin
MDAI
MDAI
SCKT
SCKT
Q4 25
45.2%
50.2%
Q3 25
42.7%
47.7%
Q2 25
45.2%
49.9%
Q1 25
47.2%
50.4%
Q4 24
44.0%
51.0%
Q3 24
44.9%
49.0%
Q2 24
44.3%
50.9%
Q1 24
46.6%
50.3%
Operating Margin
MDAI
MDAI
SCKT
SCKT
Q4 25
-54.9%
-14.9%
Q3 25
-88.1%
-34.1%
Q2 25
-41.9%
-16.8%
Q1 25
-13.4%
-22.5%
Q4 24
-14.6%
-8.5%
Q3 24
-10.8%
-26.6%
Q2 24
-32.7%
-10.5%
Q1 24
-33.9%
-9.7%
Net Margin
MDAI
MDAI
SCKT
SCKT
Q4 25
25.7%
-287.5%
Q3 25
-93.7%
-38.6%
Q2 25
-157.3%
-19.6%
Q1 25
43.2%
-25.1%
Q4 24
-99.8%
0.8%
Q3 24
-18.4%
-28.8%
Q2 24
-38.3%
-12.0%
Q1 24
-50.7%
-11.2%
EPS (diluted)
MDAI
MDAI
SCKT
SCKT
Q4 25
$0.04
$-1.43
Q3 25
$-0.13
$-0.15
Q2 25
$-0.31
$-0.10
Q1 25
$0.11
$-0.13
Q4 24
$-0.42
$0.00
Q3 24
$-0.08
$-0.15
Q2 24
$-0.16
$-0.08
Q1 24
$-0.19
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MDAI
MDAI
SCKT
SCKT
Cash + ST InvestmentsLiquidity on hand
$15.4M
$2.0M
Total DebtLower is stronger
$9.3M
Stockholders' EquityBook value
$-5.7M
$4.3M
Total Assets
$21.4M
$14.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDAI
MDAI
SCKT
SCKT
Q4 25
$15.4M
$2.0M
Q3 25
$10.5M
$2.0M
Q2 25
$10.5M
$2.6M
Q1 25
$14.1M
$1.7M
Q4 24
$5.2M
$2.5M
Q3 24
$3.7M
$2.9M
Q2 24
$6.9M
$2.1M
Q1 24
$10.2M
$2.8M
Total Debt
MDAI
MDAI
SCKT
SCKT
Q4 25
$9.3M
Q3 25
Q2 25
Q1 25
$7.8M
Q4 24
$2.8M
Q3 24
$1.0M
Q2 24
Q1 24
Stockholders' Equity
MDAI
MDAI
SCKT
SCKT
Q4 25
$-5.7M
$4.3M
Q3 25
$-8.2M
$15.7M
Q2 25
$-9.2M
$16.7M
Q1 25
$-1.6M
$17.2M
Q4 24
$-7.3M
$18.2M
Q3 24
$-4.8M
$18.0M
Q2 24
$-4.7M
$18.8M
Q1 24
$-2.5M
$19.2M
Total Assets
MDAI
MDAI
SCKT
SCKT
Q4 25
$21.4M
$14.4M
Q3 25
$15.3M
$25.6M
Q2 25
$16.0M
$27.0M
Q1 25
$20.7M
$27.2M
Q4 24
$12.1M
$27.3M
Q3 24
$11.6M
$27.7M
Q2 24
$13.9M
$28.0M
Q1 24
$15.5M
$28.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MDAI
MDAI
SCKT
SCKT
Operating Cash FlowLast quarter
$-2.6M
$350.4K
Free Cash FlowOCF − Capex
$189.3K
FCF MarginFCF / Revenue
4.8%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
-2.43×
TTM Free Cash FlowTrailing 4 quarters
$-1.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDAI
MDAI
SCKT
SCKT
Q4 25
$-2.6M
$350.4K
Q3 25
$-2.5M
$-402.8K
Q2 25
$-3.4M
$-464.4K
Q1 25
$-1.5M
$-733.0K
Q4 24
$469.0K
$-87.0K
Q3 24
$-1.6M
$204.0K
Q2 24
$-5.4M
$-543.5K
Q1 24
$-2.7M
$-94.9K
Free Cash Flow
MDAI
MDAI
SCKT
SCKT
Q4 25
$189.3K
Q3 25
$-589.6K
Q2 25
$-601.4K
Q1 25
$-785.3K
Q4 24
$-310.9K
Q3 24
$-192.6K
Q2 24
$-654.9K
Q1 24
$-151.3K
FCF Margin
MDAI
MDAI
SCKT
SCKT
Q4 25
4.8%
Q3 25
-19.0%
Q2 25
-14.9%
Q1 25
-19.8%
Q4 24
-6.4%
Q3 24
-5.0%
Q2 24
-12.9%
Q1 24
-3.0%
Capex Intensity
MDAI
MDAI
SCKT
SCKT
Q4 25
4.1%
Q3 25
6.0%
Q2 25
3.4%
Q1 25
1.3%
Q4 24
4.6%
Q3 24
10.2%
Q2 24
2.2%
Q1 24
1.1%
Cash Conversion
MDAI
MDAI
SCKT
SCKT
Q4 25
-2.43×
Q3 25
Q2 25
Q1 25
-0.52×
Q4 24
-2.28×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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