US Market News
2日前
MultiSensor AI Deepens Vibration Coverage in Condition Intelligence Solution through Collaboration with BroadsensJune 3, 2026 8:00 AM
NewsfileShowcased at Maintec 2026, MSAI deepens vibration coverage in collaboration with Broadsens, closing detection gaps on assets where single-sensor programs fall shortHouston, Texas--(Newsfile Corp. - June 3, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) ("MSAI", "MultiSensor AI" or the "Company") today announced expanded vibration coverage in its condition intelligence solution, MSAI Connect, through a new collaboration with Broadsens. MSAI believes industrial operators and reliability teams who leverage multiple sensor modalities can detect more failure modes and forms of degradation across asset types, identify likely causes faster, and act with greater confidence, ultimately driving more efficient and resilient operations."Reliability teams in high-throughput operations don't need more dashboards - they need a faster, clearer path from signal to action," said Asim Akram, CEO of MultiSensor AI. "When thermal and vibration sit on the same asset in the same workflow, teams can differentiate between mechanical and electrical functions faster and determine when to take action versus when to keep watching. We're also extending coverage to assets where legacy vibration platforms leave gaps, such as slow-rotating and intermittent-duty equipment, without adding another siloed tool."Vibration extends MSAI Connect's existing thermal condition intelligence rather than introducing a separate program. Existing customers, who purchase and deploy our enhanced vibration solution, gain broader asset coverage inside the workflow they already use. The platform is purpose-built for high-throughput, power-dense, highly automated industrial facilities, where we believe single-modality monitoring can make it harder to identify emerging failure modes. By expanding coverage across more failure modes and critical assets in one platform, vibration detection through MSAI Connect helps close the visibility gap that exposes these facilities to unexpected downtime and lost productivity.Powering the new vibration capability is a collaboration with Broadsens. We believe integrating Broadsens' field-proven, industrially certified hardware into MSAI's unified platform will help reliability teams harness the power of better insights from multiple sensor types on priority assets without deploying a separate vibration program or managing disconnected workflows.Broadsens' SVT-V wireless vibration sensors sample in true real time in less than 1 second intervals when machines are running, sample every 10 seconds when machines are in very low vibration or idle, and enable always-listening edge detection[1] that captures threshold-crossing events at the sensor when they occur. This enables teams to catch fast-developing faults and mechanical events that evolve in seconds, minutes to hours, including on intermittent-duty and slow-rotating assets that hourly-sampled systems typically miss.MultiSensor AI at Maintec 2026MSAI will showcase MSAI Connect's expanded vibration capabilities at Maintec 2026 from June 3rd to June 4th at the NEC Birmingham. Visitors to the MSAI booth in Hall 5 can explore MSAI's full suite of sensing capabilities and speak with the team. Additionally, Luke Grice-Lowe, Director of Reliability & Maintenance Programs at MultiSensor AI, will join Pat Caron, Global Reliability Manager at Amazon, on the Maintec stage for a fireside chat on how reliability programs are built and scaled inside one of the world's most demanding operational environments. The session starts at 3:30 PM BST on Wednesday, June 3rd.About MultiSensor AIMultiSensor AI is a multi-sensor condition intelligence solution for high-throughput and highly automated industrial operations. By unifying thermal, vibration, environmental, and visual sensor data into a single solution, MultiSensor AI enables reliability teams to proactively protect uptime, reduce maintenance costs, enhance safety, and extend the useful life of their most critical assets. For more information, visit www.multisensorai.com.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, statements regarding management's expectations regarding its strategic priorities and objectives, platform performance, 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 those identified in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, 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 obligation 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. Media Contact
Alecia O'Brien
VP of Marketing, MultiSensor AI
marketingteam@multisensorai.com Investor Relations Contact:
ir@multisensorai.com Source: MultiSensor AI Holdings, Inc. [1]Actual sample rates and event notification latency in customer deployments may vary based on factors including, but not limited to, network bandwidth and routing, geographic distance between the deployment site and cloud region, sensor and edge device configuration, concurrent workload and viewer-side conditions.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299852 Original: MultiSensor AI Deepens Vibration Coverage in Condition Intelligence Solution through Collaboration with Broadsens
US Market News
2週前
MultiSensor AI to Present on Continuous Condition Intelligence at SupplyChainPoint 2026May 21, 2026 8:30 AM
NewsfileHouston, Texas--(Newsfile Corp. - May 21, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) ("MSAI", "MultiSensor AI" or the "Company") today announced it will showcase how continuous condition intelligence transforms distribution and fulfillment operations at SupplyChainPoint 2026, May 31 - June 3 in The Woodlands, Texas. The Company will present "The Visibility Gap in Distribution: How Continuous Condition Intelligence Protects Productivity, Safety, and OpEx" - an executive-level exploration of how early degradation detection converts operational emergencies into planned interventions.Modern distribution centers rely on conveyance and sortation systems running at unprecedented speeds. Yet most facilities still depend on scheduled preventive maintenance and manual inspection routes - approaches that miss the subtle degradation that develops between inspections. When failures occur, operations lose throughput, miss contractual performance obligations, incur emergency repair costs, and expose teams to unnecessary safety risk.In this presentation, Steve Cunningham, Senior Director of Sales, and James Newman, Senior Director of Product Enablement, will analyze three real-world customer case studies demonstrating how the MultiSensor AI solution helps distribution leaders detect degradation earlier, protect productivity, reduce safety exposure, and optimize maintenance spending. The session emphasizes the operational and financial impact of shifting from reactive emergency repairs to predictive, planned interventions.Key themes include:Traditional monitoring methods miss critical early warning signs. Periodic inspections and threshold alarms only capture a moment in time, creating blind spots in high-speed operations.Productivity depends on timely threat detection. Equipment degradation that goes undetected can halt an entire line, immediately impacting throughput and labor costs.Safety improves when continuous visibility replaces manual floor inspections. Teams can detect dangerous electrical or mechanical conditions remotely, reducing human exposure.Maintenance becomes a top-line lever, not a cost center. Predictable, planned interventions directly support throughput, labor productivity, compliance, and cost optimization.About MultiSensor AIMultiSensor AI is a multi-sensor condition intelligence solution for high-throughput and highly automated industrial operations. By unifying thermal, vibration, environmental, and visual sensor data onto a single platform, MSAI Connect, MultiSensor AI enables reliability teams to proactively protect uptime, reduce maintenance costs, enhance safety, and extend the useful life of their most critical assets. For more information, visit www.multisensorai.com.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," "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, statements regarding management's expectations regarding its strategic priorities and objectives, platform performance, 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 those identified in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, 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 obligation 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 otherwiseMedia Contact
Alecia O'Brien
VP of Marketing, MultiSensor AI
marketingteam@multisensorai.com Investor Relations Contact:
ir@multisensorai.comSource: MultiSensor AI Holdings, Inc.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298298 Original: MultiSensor AI to Present on Continuous Condition Intelligence at SupplyChainPoint 2026
US Market News
3週前
MultiSensor AI Announces First Quarter 2026 ResultsMay 13, 2026 4:30 PM
NewsfileHouston, Texas--(Newsfile Corp. - May 13, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) (the "Company," "MultiSensor AI" or "MSAI") today announced financial results for the first quarter ended March 31, 2026."Over the last quarter, we continued to sharpen our strategic focus and strengthen the leadership foundation required to scale the business," said Asim Akram, Chief Executive Officer. "The additions of James Newman as Senior Director of Product Enablement and Todd McKellar as Vice President of Sales bring deep reliability, industrial operations, and go-to-market expertise to the Company. Their leadership has already helped us translate our strategy into more differentiated solutions, stronger customer engagement, and higher-quality commercial opportunities across both existing and prospective accounts."Robert Nadolny, Chief Financial Officer, continued, "In the first quarter, we delivered continued growth in our software revenue, reflecting increased adoption of MultiSensor AI's solutions across our customer base. At the same time, disciplined expense management and improving operating efficiency contributed to a narrower net loss year-over-year, demonstrating our progress toward scaling the business while maintaining financial discipline."Financial Highlights:First quarter revenue was $1.6 million, representing an increase of $0.4 million or 38%, as compared to $1.2 million in the first quarter of 2025.Software revenue grew to $0.7 million in the first quarter of 2026, representing an increase of $0.4 million, or 169%, as compared to $0.3 million in the first quarter of 2025.Gross margin was 57% in the first quarter of 2026, representing a decrease of 2% as compared to 59% for the first quarter of 2025.First quarter net loss was $2.5 million, representing a decrease of $1.9 million, or 44%, as compared to net loss of $4.4 million in the first quarter of 2025.Strategic Business Highlights:During the first quarter of 2026, we completed initial deployments at Manchester Airport and a global direct-to-consumer food solutions provider, further validating the applicability of our solutions across complex, mission-critical operations. We also continued expanding our relationship with a large global distribution customer, which recently approved additional projects focused on monitoring rooftop solar infrastructure and distribution facilities, with installations expected throughout the remainder of fiscal year 2026. We successfully deployed two pilot projects within the data center sector, marking an important step in expanding MSAI's presence in critical infrastructure environments. Initial customer feedback has been positive, and we are actively engaged in discussions to broaden these deployments and pursue additional opportunities across other data center facilities.The Company's Quarterly Report is filed with the Securities and Exchange Commission (the "SEC") and is available at www.sec.gov as well as in the Investor Relations section of the Company's website (www.multisensorai.com). All share and per share amounts presented have been adjusted retroactively to reflect the 1-for-40 reverse stock split on April 13, 2026.About MultiSensor AIMSAI delivers condition monitoring and continuous early threat detection through a multi-sensor condition intelligence platform for high-throughput, automation-rich, and power-dense industrial facilities. Through a unified edge-to-cloud architecture, MSAI Connect provides a multi-sensor condition intelligence layer that bridges critical visibility gaps, strengthens system reliability, and improves asset performance. By integrating thermal, visual, vibration, and environmental sensing into a single platform, MSAI detects early signs of mechanical and electrical degradation - enabling organizations to proactively protect uptime, enhance safety, and extend critical asset lifespan.For more information or to request a demo, please visit www.multisensorai.com.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," "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, 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 and those identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, 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:
e-mail: ir@multisensorai.com
website: www.multisensorai.comSource: MultiSensor AI Holdings, Inc.MultiSensor AI Holdings, Inc.
Condensed Consolidated Statements of Operations
(unaudited)
(Amounts in thousands of U.S. dollars, except share and per share data)
Three months ended March 31,
2026
2025
Revenue, net$1,614
$1,170
Cost of goods sold (exclusive of depreciation)
700
476
Operating expenses:
Selling, general and administrative
2,989
4,139
Share-based compensation expense
182
907
Depreciation
352
280
Loss (gain) on asset disposal
(15)
(15)Total operating expenses
3,508
5,311
Operating loss
(2,594)
(4,617)Interest expense (income), net
(155)
(4)Other expense (income), net
(1)
(185)Loss before income taxes
(2,438)
(4,428)Income tax expense (benefit)
33
8
Net loss$(2,471)$(4,436)Weighted-average shares outstanding, basic and diluted
Basic
2,012,241
818,141
Diluted
2,012,241
818,141
Net loss per share, basic and diluted
Basic$(1.23)$(5.42)Diluted
(1.23)
(5.42) MultiSensor AI Holdings, Inc.
Condensed Consolidated Balance Sheets
(unaudited)
(Amounts in thousands of U.S. dollars, except share and per share data)
March 31, 2026
December 31, 2025
Assets
Current assets
Cash and cash equivalents$22,552
$24,365
Trade accounts receivable, net of allowance for credit losses of $28 and $17, respectively
1,190
1,670
Inventories, current
3,794
4,020
Other current assets
907
826
Total current assets$28,443
$30,881
Property, plant and equipment, net
3,859
4,085
Inventories, noncurrent
331
379
Other noncurrent assets
202
129
Total assets$32,835
$35,474
Liabilities and shareholders' equity
Current liabilities
Accounts payable$429
$291
Income taxes payable
1
-
Accrued expense
820
981
Contract liabilities
893
1,255
Other current liabilities
46
121
Total current liabilities$2,189
2,648
Contract liabilities, noncurrent
854
751
Warrants
10
10
Deferred tax liabilities, net
63
33
Total liabilities$3,116
$3,442
Commitments and contingencies (Note 13)
Shareholders' equity
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025, and 2,012,293 and 2,007,613 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
-
-
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively and no shares issued or outstanding as of March 31, 2026 and December 31, 2025, respectively
-
-
Additional paid-in capital
98,529
98,371
Accumulated deficit
(68,810)
(66,339)Total shareholders' equity$29,719
32,032
Total liabilities and shareholders' equity$32,835
$35,474
MultiSensor AI Holdings, Inc.
Condensed Consolidated Statements of Cash Flows
(unaudited)
(Amounts in thousands of U.S. dollars)
Three months ended March 31,
2026
2025
Operating Activities:
Net loss$(2,471)$(4,436)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation
352
280
Non-cash lease activity
-
35
Bad debt expenses (recoveries)
17
-
Deferred income tax (income) expense
30
6
Share-based compensation
182
907
Loss (gain) on disposal of equipment
(15)
(15)Increase (decrease) in cash resulting from changes in:
Trade accounts receivable
463
(10)Inventories
274
(375)Other current assets
(81)
126
Other noncurrent assets
(73)
(37)Trade accounts payable
128
404
Income taxes payable
1
(59)Contract liabilities
(362)
(263)Other current liabilities
(75)
(162)Right of use liabilities
-
(35)Accrued expenses
(161)
468
Contract liabilities, noncurrent
103
(10)Net cash provided by (used in) operating activities$(1,688)$(3,176)Investing Activities:
Capital expenditures
(121)
(435)Proceeds from sale of equipment
20
15
Net cash provided by (used in) investing activities$(101)$(420)Financing Activities:
Proceeds from issuances of common stock
-
4,657
Tax payments associated with equity-based compensation transactions
(24)
(500)Repayment of Legacy SMAP promissory note
-
(172)Net cash provided by (used in) financing activities$(24)$3,985
Net increase/(decrease) in cash, cash equivalents, and restricted cash equivalents
(1,813)
389
Cash, cash equivalents, and restricted cash equivalents beginning of period
24,465
4,508
Cash, cash equivalents, and restricted cash equivalents end of the period$22,652
$4,897
Reconciliation of cash, cash equivalents and restricted cash equivalents at end of period:
Cash and cash equivalents$22,552
$4,747
Restricted cash equivalents included in other current assets
100
150
Cash, cash equivalents, and restricted cash equivalents end of the period$22,652
$4,897
Supplemental cash flow information:
Interest paid$-
$-
Income tax paid, net of refunds received
10
110
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297319 Original: MultiSensor AI Announces First Quarter 2026 Results
US Market News
2月前
MultiSensor AI Announces Additional Details Regarding Reverse Stock SplitApril 8, 2026 4:05 PM
NewsfileHouston, Texas--(Newsfile Corp. - April 8, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) ("MultiSensor AI," "MSAI" or the "Company") today announced that, in connection with its previously announced 1-for-40 reverse stock split (the "Reverse Stock Split") of its common stock, par value $0.0001 per share (the "Common Stock"), to become effective at 12:01 a.m. Eastern Time on April 13, 2026, it does not intend to round up fractional shares at the beneficial level. To prevent potential arbitrage opportunities and market abuse, the Company will instead round any such fractional shares up at the record holder level with the Company's transfer agent.The Company's Common Stock is expected to begin trading on The Nasdaq Capital Market on a split-adjusted basis under the existing trading symbol "MSAI" as of the beginning of trading on April 13, 2026. The new CUSIP number for the Company's Common Stock following the Reverse Stock Split will be 456948 207. About MultiSensor AIMSAI delivers condition monitoring and continuous early threat detection through a multi-sensor condition intelligence platform for high-throughput, automation-rich, and power-dense industrial facilities. Through a unified edge-to-cloud architecture, MSAI Connect provides a multi-sensor condition intelligence layer that bridges critical visibility gaps, strengthens system reliability, and improves asset performance. By integrating thermal, visual, vibration, and environmental sensing into a single platform, MSAI detects early signs of mechanical and electrical degradation - enabling organizations to proactively protect uptime, enhance safety, and extend critical asset lifespan.For more information or to request a demo, please visit www.multisensorai.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the results and timing of the Reverse Stock Split, the trading of the Company's Common Stock on a split-adjusted basis and the effect the Reverse Stock Split will have on the Company's ability to regain compliance with the Nasdaq listing standards. 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. 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 those identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in the Company's other filings with the Securities and Exchange Commission. 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:E-Mail: ir@multisensorai.com
Website: www.multisensorai.com
Source: MultiSensor AI Holdings, Inc.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291664
Original: MultiSensor AI Announces Additional Details Regarding Reverse Stock Split
US Market News
3月前
MultiSensor AI Announces Fourth Quarter and Full Year 2025 ResultsMarch 19, 2026 4:53 PM
NewsfileHouston, Texas--(Newsfile Corp. - March 19, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) ("MultiSensor AI," "MSAI" or the "Company"), a pioneer in early threat detection and condition-based monitoring, today announced financial results for the fourth quarter and year ended December 31, 2025.Asim Akram, CEO and President, commented: "Fiscal 2025 was a pivotal year for MultiSensor AI as we continued our transition from a hardware-centric model toward an integrated, subscription-driven solutions platform. Our teams executed with discipline, advancing key initiatives and deepening relationships with strategic customers in logistics and distribution, manufacturing, and data center markets, where our platform is delivering tangible return on investment through earlier risk detection and smarter operations."Robert Nadolny, CFO, continued, "Building on the momentum we demonstrated throughout the year, we exited 2025 with a meaningfully larger base of recurring software revenue and a significantly narrowed net loss. Supported by the capital we raised during 2025 and the cost optimization programs we implemented, we believe we are entering 2026 with the financial flexibility and operating focus required to scale efficiently, accelerate adoption of MSAI Connect, and move decisively along our path toward sustainable profitability."Financial Highlights:Software revenue for the year ended December 31, 2025 was $1.9 million, an increase of 88%, compared to $1.0 million for the year ended December 31, 2024.Revenue for the year ended December 31, 2025 was $5.6 million, a decrease of 25%, compared to $7.4 million for the year ended December 31, 2024.Net loss for the year ended December 31, 2025 was $11.7 million, a decrease of 46%, compared to $21.5 million for the year ended December 31, 2024.Overall liquidity increased as the Company's cash position grew to $24.4 million as of December 31, 2025, an increase of 459% from $4.4 million as of December 31, 2024.Strategic Business Highlights:We received over $1.5 million in purchase orders in Q4 2025 from our large global distributor customer, which will increase the number of sensors deployed in their facilities. These orders represented approximately $0.3 million in hardware revenue recognized in Q4 2025. Software subscription revenue for these orders will be recognized predominately over a period of four years beginning upon the commencement of the subscriptions which is expected to occur in Q1 2026.In the distribution and logistics market, we are excited by purchase orders for new pilots received in Q4 2025. Manchester Airport Group selected our platform to help elevate the reliability and performance of its baggage-handling operations. Initial deployments at Manchester Airport were completed in Q1 2026. Additionally, we received a purchase order from a global direct-to-consumer food solution company to leverage our solution for monitoring critical assets in cold storage facilities.In the data center market, we began discussions to pilot our solutions with several large data center owners and operators. Shortly after year-end we received our first purchase order for a pilot implementation from a U.S. based data center.As of December 31, 2025, we had approximately 730 active sensors connected to our software platform, MSAI Connect, as compared to approximately 460 as of December 31, 2024. This represents a 59% increase year over year.The Company's Annual Report is filed with the SEC, and is available at www.sec.gov as well as in the Investor Relations section of the Company's website (www.multisensorai.com). More information, including an updated investor presentation, is available on MSAI's Investor Relations website at www.investors.multisensorai.com.About MultiSensor AIMSAI delivers condition monitoring and continuous early threat detection through a multi-sensor condition intelligence platform for high-throughput, automation-rich, and power-dense industrial facilities. Through a unified edge-to-cloud architecture, MSAI Connect provides a multi-sensor condition intelligence layer that bridges critical visibility gaps, strengthens system reliability, and improves asset performance. By integrating thermal, visual, vibration, and environmental sensing into a single platform, MSAI detects early signs of mechanical and electrical degradation - enabling organizations to proactively protect uptime, enhance safety, and extend critical asset lifespan.For more information or to request a demo, please visit www.multisensorai.com.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," "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, statements regarding capital raises, the 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 those identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, 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:e-mail: ir@multisensorai.com
website: www.multisensorai.comSource: MultiSensor AI Holdings, Inc.MultiSensor AI Holdings, Inc.
Consolidated Statements of Operations
(Amounts in thousands of U.S. dollars, except share and per share data)
Year ended December 31,
2025
2024
Revenue, net$5,551
$7,402
Cost of goods sold (exclusive of depreciation)
2,638
2,582
Inventory impairment
511
2,272
Operating expenses:
Selling, general and administrative
11,482
15,655
Share-based compensation expense
1,665
3,382
Depreciation
1,299
1,140
Loss (gain) on asset disposal
(33)
322
Other loss
—
930
Total operating expenses
14,413
21,429
Operating loss
(12,011)
(18,881)Interest expense (income), net
(77)
63
Change in fair value of convertible notes
—
475
Change in fair value of warrants liabilities
—
(39)Loss on financing transaction
—
1,553
Other expense (income), net
(189)
1,027
Loss before income taxes
(11,745)
(21,960)Income tax expense (benefit)
(32)
(465)Net loss$(11,713) $(21,495)Weighted-average shares outstanding, basic and diluted
Basic
37,348,581
20,119,161
Diluted
37,348,581
20,119,161
Net loss per share, basic and diluted
Basic$(0.31) $(1.07)Diluted
(0.31)
(1.07) MultiSensor AI Holdings, Inc.
Consolidated Balance Sheets
(Amounts in thousands of U.S. dollars, except share and per share data)
As of December 31,
2025
2024
Assets
Current assets
Cash and cash equivalents$24,365
$4,358
Trade accounts receivable, net of allowance for credit losses of $17 and $35, respectively
1,670
838
Inventories, current
4,020
4,180
Other current assets
826
1,140
Total current assets$30,881
$10,516
Property, plant and equipment, net
4,085
3,963
Right-of-use assets, net
—
134
Inventories, noncurrent
379
865
Other noncurrent assets
129
—
Total assets$35,474
$15,478
Liabilities and shareholders' equity
Current liabilities
Accounts payable$291
$825
Income taxes payable
—
59
Accrued expense
981
1,095
Contract liabilities
1,255
483
Legacy SMAP promissory notes
—
172
Right-of-use liabilities, current
—
138
Other current liabilities
121
245
Total current liabilities
2,648
3,017
Contract liabilities, noncurrent
751
83
Warrants
10
10
Deferred tax liabilities, net
33
80
Total liabilities$3,442
$3,190
Commitments and contingencies (Note 14)
Shareholders' equity
Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2025 and December 31, 2024, and 80,304,531 and 30,526,052 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
8
3
Additional paid-in capital
98,363
66,911
Accumulated deficit
(66,339)
(54,626)Total shareholders' equity
32,032
12,288
Total liabilities and shareholders' equity$35,474
$15,478
MultiSensor AI Holdings, Inc.
Consolidated Statements of Cash Flows
(Amounts in thousands of U.S. dollars)
Year ended December 31,
2025
2024
Operating Activities:
Net loss$(11,713) $(21,495)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation
1,299
1,140
Inventory impairment
511
2,272
Non-cash lease activity
134
154
Bad debt expenses (recoveries)
15
41
Deferred income tax (income) expense
(47)
62
Share-based compensation
1,665
3,382
Loss (gain) on disposal of equipment
(33)
322
Loss on financing transaction
—
1,553
Change in fair value of warrants liabilities
—
(39)Other (income) expense, net
—
1,430
Change in fair value of convertible notes
—
475
Increase (decrease) in cash resulting from changes in:
Trade accounts receivable
(847)
1,561
Inventories
135
256
Other current assets
264
68
Other noncurrent assets
(129)
3
Trade accounts payable
(263)
(1,479)Income taxes payable
(59)
(932)Contract liabilities
772
(1,461)Other current liabilities
(124)
131
Right of use liabilities
(138)
(159)Accrued expenses
(130)
(2,814)Contract liabilities, noncurrent
668
(38)Net cash provided by (used in) operating activities$(8,020) $(15,567)Investing Activities:
Capital expenditures
(1,631)
(2,667)Proceeds from sale of equipment
24
—
Net cash provided by (used in) investing activities$(1,607) $(2,667)Financing Activities:
Proceeds from issuances of common stock and Pre-funded warrants
30,872
22,784
Tax payments associated with equity-based compensation transactions
(1,116)
—
Repayments of promissory notes
(172)
(575)Repayments of lines of credit
—
(622)Net cash provided by (used in) financing activities$29,584
$21,587
Net increase/(decrease) in cash, cash equivalents, and restricted cash equivalents
19,957
3,353
Cash, cash equivalents, and restricted cash equivalents beginning of period
4,508
1,155
Cash, cash equivalents, and restricted cash equivalents end of the period$24,465
$4,508
Reconciliation of cash, cash equivalents and restricted cash equivalents at end of period:
Cash and cash equivalents$24,365
$4,358
Restricted cash equivalents included in other current assets
100
150
Cash, cash equivalents, and restricted cash equivalents end of the period$24,465
$4,508
Supplemental cash flow information:
Interest paid$—
$63
Income tax paid, net of refunds received
73
2,331
Non-cash investing and financing activities:
Settlement of vendor liability with share issuance$36
$—
Sale of equipment
11
—
Conversion of convertible notes
—
6,170
Conversion of Legacy SMAP promissory loan into common stock
—
200
Shares issued for Equity Line of Credit commitment fee
—
500
Inducement shares from Financing Transaction
—
1,381
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289085
Original: MultiSensor AI Announces Fourth Quarter and Full Year 2025 Results
US Market News
3月前
MultiSensor AI Appoints Enterprise AI and SaaS Revenue Leader Todd McKellar as Vice President, Global SalesMarch 4, 2026 7:00 AM
NewsfileHouston, Texas--(Newsfile Corp. - March 4, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) ("MultiSensor AI," "MSAI" or the "Company"), a pioneer in early threat detection and condition-based monitoring, today announced the appointment of Todd McKellar as Vice President, Global Sales, effective February 23, 2026.Mr. McKellar brings more than 20 years of experience leading revenue growth, building strategic partnerships, and scaling go-to-market teams across AI-driven and SaaS technology platforms. He has held senior commercial leadership roles in emerging technology companies, expanding global markets, aligning sales execution with long-term strategy, and building high-performance teams focused on complex, multi-site industrial organizations.As Vice President, Global Sales, Mr. McKellar will lead the Company's global sales organization with a mandate to build a scalable and disciplined revenue engine that supports adoption of MultiSensor AI's integrated reliability and early threat detection solutions.Asim Akram, Chief Executive Officer of MultiSensor AI, commented: "Todd's track record of scaling revenue organizations and translating complex AI-driven solutions into measurable customer value aligns directly with our strategic priorities. As we continue expanding across industrial, logistics, and critical infrastructure markets, Todd's leadership will help ensure we convert strong market demand into durable bookings and long-term revenue performance."The appointment supports MultiSensor AI's ongoing transformation to increase subscription-driven revenue, expand its global commercial footprint, and strengthen forecasting discipline. Over the past six months, the Company has enhanced leadership across product marketing, engineering, finance, and commercial functions to position MSAI Connect and its multi-sensor platform for broader customer adoption. The addition of a dedicated global sales leader further aligns the organization around scaling revenue across enterprise and mid-market customers with disciplined execution.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," "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, statements regarding 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 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 obligation 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 AIMSAI builds and deploys integrated condition monitoring and early threat detection solutions through a unified edge-to-cloud software architecture, delivering AI-powered connected intelligence and analytics for asset reliability and performance. Our platform integrates multiple sensing modalities such as thermal, visual and vibration to detect mechanical, electrical and other modes of asset failure, enabling organizations operating high-throughput, automation-rich and power-dense facilities to protect uptime, enhance safety and extend the useful life of their most critical assets.For more information, visit www.multisensorai.comMSAI Contact:
e-mail: ir@multisensorai.com
website: www.multisensorai.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/286169
Original: MultiSensor AI Appoints Enterprise AI and SaaS Revenue Leader Todd McKellar as Vice President, Global Sales