Latest news with #MSAIConnect
Yahoo
6 days ago
- Business
- Yahoo
MultiSensor AI Holdings Upgrades Asset Health Platform with MSAI Connect 2.0, Adds Enhanced AI, Seamless EAM Integration
MultiSensor AI Holdings Inc. (NASDAQ:MSAI) is one of the tech stocks to buy according to analysts. On July 9, MultiSensor AI Holdings unveiled MSAI Connect 2.0. This upgrade to their asset health monitoring platform further reduces unplanned downtime, streamlines operations, and provides users with more actionable insights. MSAI Connect 2.0 introduces several key enhancements. Its AI functionality is supported by camera disturbance detection, which alerts operators to unintended sensor movements that might affect critical asset monitoring. Additionally, improved person and motion detection logic has been incorporated to reduce false-positive alerts. Photo by Vishnu Mohanan on Unsplash The platform integrates seamlessly with customers' existing Enterprise Asset Management/EAM systems. This creates a link between identifying issues and initiating corrective actions. MultiSensor AI Holdings Inc. (NASDAQ:MSAI) builds and deploys intelligent multi-sensing platforms with edge and cloud software solutions that use AI in the US and internationally. While we acknowledge the potential of MSAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
13-05-2025
- Automotive
- Yahoo
MultiSensor AI Announces First Quarter 2025 Results
HOUSTON, TX / / May 13, 2025 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) (the "Company" or "MSAI"), a pioneer in condition-based monitoring and predictive maintenance enabling Industry 4.0, announced results for the first quarter ended March 31, 2025. Trip Flavin, Interim CEO, commented: "We anticipated a challenging year over year comparable due to the significant order of hardware from our largest customer in Q1 2024. However, we are thrilled to announce the receipt of the first subscription renewals in connection with this hardware, totaling $2.1 million. The renewals from our largest customer marks a significant milestone for MSAI, validating our business model and solutions." Robert Nadolny, CFO, continued, "Our focus remains on executing our growth strategy and delivering exceptional value to our customers. Given the working capital dynamics of our subscriptions, with customers paying upfront for the subscription period, these renewals, which are expected to be paid in Q2 2025, represent a substantial cash infusion, which strengthens our financial position and helps us execute our SaaS-focused growth strategy." Financial Highlights: First quarter revenue decreased 49% to $1.2 million from $2.3 million in 2024. Software revenue increased 25% to $0.25 million from $0.2 million in 2024. Net loss per share decreased 58% to $0.14 as of March 31, 2025. Maintained overall liquidity during the period with a current ratio of 1.4 as of both March 31, 2025, and December 31, 2024 Strategic Business Highlights: We received $2.1 million in subscription renewals from our largest customer of MSAI Connect in the Distribution and Logistics market. These renewals are expected to be recognized over the 12-month subscription period beginning June 2025. In addition, we are excited that a leading automaker has renewed its subscriptions for MSAI Connect. As of March 31, 2025, the Company has approximately 550 active sensors connected to our MSAI Connect platform as compared to approximately 460 as of December 31, 2024, and 90 as of March 31, 2024. This represents a 19% increase quarter over quarter and a greater than 500% increase year over year. We are seeing good initial traction with our early fire detection, including the implementation of new pilots in a second leading automaker's electric battery storage facility and with leading manufacturers in the metals and mining, food and beverage, pulp and paper, and waste and recycling industries. The Company's Quarterly Report is filed with the SEC, and is available at as well as in the Investor Relations section of the Company's website ( About MultiSensor AIMultiSensor AI builds and deploys intelligent multi-sensing platforms incorporating edge and cloud software solutions that leverage artificial intelligence. MSAI's integrated solutions utilize data generated from an array of sensors and sensor modalities including high-resolution thermal imagers, visible and acoustic imagers, as well as vibration and laser spectroscopy sensors, to protect customers' most critical assets. MSAI's platform combines condition-based monitoring data with proprietary edge and cloud software to generate actionable insights that, we believe, minimize unplanned downtime, reduce maintenance costs, prevent hazards, and extend asset life. For more information, please visit Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "will," or their negatives or variations of these words, or similar expressions. All statements contained in this press release that do not strictly relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the Company management's expectations regarding customer orders and its strategic priorities and objectives, future plans and business prospects. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including the risk that customers may cancel subscriptions and those identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in the Company's other filings with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. Any forward-looking statement made in this press release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. MSAI Contact:Matthew Tancredo, Director of Financee-mail: ir@ MultiSensor AI Holdings, Consolidated Statements of Operations(unaudited)(Amounts in thousands of U.S. dollars, except share and per share data) Three Months Ended March 31, 2025 2024 Revenue, net $ 1,170 $ 2,275 Cost of goods sold (exclusive of depreciation) 476 1,170 Inventory impairment - 234 Operating expenses: Selling, general and administrative 4,139 3,163 Share-based compensation expense 907 - Depreciation 280 273 Loss (gain) on asset disposal (15 ) - Total operating expenses 5,311 3,436 Operating loss (4,617 ) (2,565 ) Interest (income) expense, net (4 ) 4 Change in fair value of convertible notes - 475 Change in fair value of warrants liabilities - (29 ) Loss on financing transaction - 876 Other income, net (185 ) - Loss before income taxes (4,428 ) (3,891 ) Income tax expense (benefit) 8 31 Net loss $ (4,436 ) $ (3,922 ) Weighted-average shares outstanding, basic and diluted Basic 32,725,633 11,966,928 Diluted 32,725,633 11,966,928 Net loss per share, basic and diluted Basic (0.14 ) (0.33 ) Diluted (0.14 ) (0.33 ) SOURCE: MultiSensor AI Holdings, Inc. 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Associated Press
21-04-2025
- Business
- Associated Press
MultiSensor AI Launches Innovative "CBM Superstore" to Simplify Industrial Monitoring and Expand Customer Reach
HOUSTON, TX / ACCESS Newswire / April 21, 2025 / MultiSensor AI Holdings, Inc. ('MultiSensor AI,' 'MSAI' or 'the Company') (NASDAQ:MSAI), a pioneer in condition-based monitoring ('CBM') and predictive maintenance enabling Industry 4.0, today announced the launch of its 'CBM Superstore.' The store is an e-commerce driven site that opens a new channel to market MSAI's Sensors, Solutions and Services. Under the leadership of Michael Primsky, MSAI's Director of Sensors - U.S. and International, MSAI launched the e-commerce site in Q1 2025, initially offering handheld and fixed-mount thermal sensors for condition-based monitoring from MSAI's own brand, ICI. In the last two months, the platform has expanded to include products from FLIR, FOTRIC, Seek, IRISS and other leading manufacturers. Customers can also take advantage of convenient 'buy it now' options for MSAI's software and inspection services. With a wide range of industrial sensors from multiple manufacturers, MSAI's 'CBM Superstore' provides customers with a one-stop shop for high-quality sensors to meet their predictive maintenance and condition-based monitoring needs. The webstore enhances MSAI's long-standing commitment to selling top-quality Sensors and Solutions through multiple channels. Building a reliable and easily accessible web presence allows MSAI to reach more customers in a highly efficient manner. The webstore complements MSAI's broader strategic shift into software-based Solutions by promoting the sale and deployment of MSAI Connect enabled Sensors. Joshua Bondele, MSAI's VP - Sales said, 'Launching our new webstore is a major milestone in making our Sensors, Software and Solutions more accessible than ever. This new sales channel allows customers to explore, purchase, and deploy our offerings with greater speed and convenience. We believe we are one of the first companies to offer a one-stop shop for predictive maintenance and condition-based monitoring needs.' Prospective customers can visit the webstore at Forward Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'plan,' 'will,' 'would,' or their negatives or variations of these words, or similar expressions. All statements contained in this press release that do not strictly relate to matters of historical fact should be considered forward-looking statements, including, without limitation, Company management's expectations regarding its strategic priorities and objectives, future plans and business prospects. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in the Company's other filings with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. Any forward-looking statement made in this press release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. About MultiSensor AI (MSAI) MultiSensor AI builds and deploys intelligent multi-sensing platforms incorporating edge and cloud software solutions that leverage artificial intelligence. MSAI's integrated solutions utilize data generated from an array of sensors and sensor modalities including high-resolution thermal imagers, visible and acoustic imagers, as well as vibration and laser spectroscopy sensors, to protect customers' most critical assets. MSAI's platform combines condition-based monitoring data with proprietary edge and cloud software to generate actionable insights that, we believe, minimize unplanned downtime, reduce maintenance costs, prevent hazards, and extend asset life. MSAI Contact: Matthew Tancredo, Director of Finance e-mail: [email protected] website: SOURCE: MultiSensor AI Holdings, Inc. press release
