Marpai, Inc. (NASDAQ:MRAI) Q4 2022 Earnings Call Transcript

Edmundo Gonzalez: It’s a little bit all over the place, and most of these transactions have been in the private markets. I will share with you that once – from the data that we know, without naming names here, once you are profitable, we’ve seen transactions even in the 15 to 17 times EBITDA in the private markets, right? So, we do believe our TPA business, obviously, that’s why we’re rushing towards profitability, even though we’re not a normal TPA, meaning, we’re providing so many other services and so much more – there’s so much more margin potential because of all the ancillary services. But regardless, we want to make sure we are profitable in 2024, we break that line and become profitable. We certainly can. And we think obviously – this may be obvious, but we think there’s a huge disconnect even now between what a PE would pay for an asset like ours and what the public market is thinking. That’s our view.

Allen Klee: Great. Well, I admire everything you guys are doing. It’s very forward-looking. Thank you so much.

Edmundo Gonzalez: Thank you, Alan. Are there any other questions?

Operator: There are no other questions at this time. I would like to turn the conference

Edmundo Gonzalez: Okay. Well, I’d like – oh, thank you so much, operator. I would like to thank everyone for participating. Thank you so much for taking the time, and please do follow us on LinkedIn, and obviously, I hope we are on your trading screen as well. Thank you so much.

Operator: This conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.