COMP <GO>
MDAI vs SNWV // ALTMAN Z-SCORE & DEBT/EQUITY
Spectral AI Inc. (Class A) (NASDAQ) VS. SANUWAVE Health Inc. (NASDAQ) • 15-METRIC TALLY: MDAI 1
— SNWV 8
■ METRIC PARITY
LAST: $1.57 (+0.64%) • MKT CAP: $50.5M
balance-sheet
0.20
LAST: $5.27 (0.00%) • MKT CAP: $45.3M
balance-sheet
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MDAI VS. SNWV)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MDAI | SNWV | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 45.40% | 77.10% | -31.70 | SNWV | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | 67.30% | -102.30 | SNWV | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 7.5x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -19.63% | 4.27% | -23.90 | SNWV | /fcf-yield <GO> |
| Operating Margin | -43.80% | 11.20% | -55.00 | SNWV | /operating-margins <GO> |
| Net Profit Margin | -38.50% | 26.80% | -65.30 | SNWV | /net-margins <GO> |
| Revenue Growth (YoY) | -33.60% | 36.30% | -69.90 | SNWV | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 0.20 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 2/9 | 7/9 | -5.00 | SNWV | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 49.7 | 50.4 | -0.66 | SNWV | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 3.5x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $50.5M | $45.3M | $5.2M | MDAI | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MDAI REV | SNWV REV | MDAI GROSS % | SNWV GROSS % | MDAI FCF | SNWV FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $19.6M | $44.1M | 45.4% | 77.1% | -$9.9M | $1.9M |
| FY 2024 | $29.6M | $32.3M | 44.9% | 75.9% | -$9.2M | $2.0M |
| FY 2023 | $18.1M | $19.3M | — | — | -$13.2M | -$4.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MDAI // BETA —
SNWV // BETA —