MultiSensor AI Announces First Quarter 2025 Results
MultiSensor AI (NASDAQ:MSAI) reported its Q1 2025 financial results, with revenue declining 49% to $1.2 million from $2.3 million in Q1 2024, primarily due to an anticipated challenging year-over-year comparison from a significant hardware order in the previous year. However, software revenue showed positive growth, increasing 25% to $0.25 million. The company secured $2.1 million in subscription renewals from its largest customer, to be recognized over 12 months starting June 2025.
MSAI's connected sensors grew significantly to 550 active sensors, representing a 19% increase quarter-over-quarter and over 500% year-over-year. The company is expanding its early fire detection system implementation across various industries, including electric battery storage facilities and manufacturing sectors. Net loss per share improved by 58% to $0.14, while maintaining a stable current ratio of 1.4.
MultiSensor AI (NASDAQ:MSAI) ha comunicato i risultati finanziari del primo trimestre 2025, con un fatturato in calo del 49% a 1,2 milioni di dollari rispetto ai 2,3 milioni di dollari del primo trimestre 2024, principalmente a causa di un confronto difficile anno su anno dovuto a un importante ordine di hardware dell'anno precedente. Tuttavia, i ricavi da software hanno mostrato una crescita positiva, aumentando del 25% a 0,25 milioni di dollari. L'azienda ha ottenuto 2,1 milioni di dollari in rinnovi di abbonamenti dal suo cliente più grande, da riconoscere in 12 mesi a partire da giugno 2025.
I sensori connessi di MSAI sono cresciuti significativamente raggiungendo 550 sensori attivi, con un aumento del 19% trimestre su trimestre e oltre il 500% anno su anno. L'azienda sta ampliando l'implementazione del suo sistema di rilevamento precoce degli incendi in diversi settori, tra cui impianti di stoccaggio di batterie elettriche e settori manifatturieri. La perdita netta per azione è migliorata del 58% a 0,14 dollari, mantenendo un indice di liquidità corrente stabile a 1,4.
MultiSensor AI (NASDAQ:MSAI) reportó sus resultados financieros del primer trimestre de 2025, con ingresos que disminuyeron un 49% hasta $1.2 millones desde $2.3 millones en el primer trimestre de 2024, principalmente debido a una comparación anual anticipadamente desafiante por un pedido importante de hardware del año anterior. Sin embargo, los ingresos por software mostraron un crecimiento positivo, aumentando un 25% hasta $0.25 millones. La compañía aseguró $2.1 millones en renovaciones de suscripciones de su mayor cliente, a reconocerse durante 12 meses a partir de junio de 2025.
Los sensores conectados de MSAI crecieron significativamente hasta 550 sensores activos, lo que representa un aumento del 19% trimestre a trimestre y más del 500% año tras año. La empresa está expandiendo la implementación de su sistema de detección temprana de incendios en diversas industrias, incluyendo instalaciones de almacenamiento de baterías eléctricas y sectores manufactureros. La pérdida neta por acción mejoró un 58% a $0.14, manteniendo una razón corriente estable de 1.4.
MultiSensor AI (NASDAQ:MSAI)는 2025년 1분기 재무 실적을 발표했으며, 매출은 전년 동기 대비 49% 감소한 120만 달러를 기록했습니다. 이는 주로 전년도에 있었던 대규모 하드웨어 주문과 비교했을 때 예상된 어려움 때문입니다. 그러나 소프트웨어 매출은 25% 증가하여 25만 달러를 기록했습니다. 회사는 최대 고객으로부터 210만 달러의 구독 갱신을 확보했으며, 이는 2025년 6월부터 12개월에 걸쳐 인식될 예정입니다.
MSAI의 연결된 센서 수는 크게 증가하여 550개의 활성 센서를 기록했으며, 이는 분기별로 19%, 전년 대비 500% 이상 증가한 수치입니다. 회사는 전기 배터리 저장 시설과 제조업 등 다양한 산업에 조기 화재 감지 시스템 도입을 확대하고 있습니다. 주당 순손실은 58% 개선되어 0.14달러를 기록했으며, 현재 비율은 1.4로 안정적으로 유지되고 있습니다.
MultiSensor AI (NASDAQ:MSAI) a publié ses résultats financiers du premier trimestre 2025, avec un chiffre d'affaires en baisse de 49 % à 1,2 million de dollars contre 2,3 millions de dollars au premier trimestre 2024, principalement en raison d'une comparaison annuelle difficile attendue suite à une commande importante de matériel l'année précédente. Cependant, les revenus logiciels ont affiché une croissance positive, augmentant de 25 % à 0,25 million de dollars. L'entreprise a sécurisé 2,1 millions de dollars de renouvellements d'abonnements auprès de son plus grand client, à reconnaître sur 12 mois à partir de juin 2025.
Les capteurs connectés de MSAI ont connu une croissance significative, atteignant 550 capteurs actifs, soit une augmentation de 19 % trimestre après trimestre et plus de 500 % en glissement annuel. L'entreprise étend la mise en œuvre de son système de détection précoce d'incendie dans divers secteurs, notamment les installations de stockage de batteries électriques et les industries manufacturières. La perte nette par action s'est améliorée de 58 % pour atteindre 0,14 $, tout en maintenant un ratio de liquidité courant stable à 1,4.
MultiSensor AI (NASDAQ:MSAI) meldete seine Finanzergebnisse für das erste Quartal 2025, wobei der Umsatz um 49 % auf 1,2 Millionen US-Dollar zurückging, verglichen mit 2,3 Millionen US-Dollar im ersten Quartal 2024. Dies ist hauptsächlich auf einen erwarteten schwierigen Jahresvergleich aufgrund einer bedeutenden Hardware-Bestellung im Vorjahr zurückzuführen. Die Softwareerlöse zeigten jedoch ein positives Wachstum und stiegen um 25 % auf 0,25 Millionen US-Dollar. Das Unternehmen sicherte sich 2,1 Millionen US-Dollar an Abonnementverlängerungen von seinem größten Kunden, die über 12 Monate ab Juni 2025 erfasst werden.
Die Anzahl der verbundenen Sensoren von MSAI stieg erheblich auf 550 aktive Sensoren, was einem Anstieg von 19 % gegenüber dem Vorquartal und über 500 % im Jahresvergleich entspricht. Das Unternehmen erweitert die Implementierung seines Frühwarnsystems für Brände in verschiedenen Branchen, darunter elektrische Batteriespeicheranlagen und Fertigungssektoren. Der Nettoverlust je Aktie verbesserte sich um 58 % auf 0,14 US-Dollar, während das aktuelle Verhältnis stabil bei 1,4 blieb.
- Software revenue increased 25% YoY to $0.25 million
- Secured $2.1 million in subscription renewals from largest customer
- Connected sensors grew 500% YoY to 550 active sensors
- Net loss per share improved 58% to $0.14
- Expanding early fire detection system implementation across multiple industries
- Total revenue decreased 49% YoY to $1.2 million
- Company still operating at a loss despite improvement
- Heavy dependence on largest customer for subscription renewals
Insights
Mixed Q1 results with 49% revenue drop but 25% software growth; $2.1M subscription renewals signal successful SaaS pivot.
MultiSensor AI's Q1 2025 results paint a complex financial picture worth unpacking. Revenue dropped
The bright spots in this report are substantial and signal a promising business model evolution. Software revenue increased
The company's net loss per share improved dramatically, decreasing
The connected sensor growth metrics reveal the expanding foundation of MSAI's SaaS business – 550 active sensors represent a
The early fire detection implementations across diverse industries (automotive, metals, food & beverage, pulp & paper, waste) demonstrate versatility in their technology applications, suggesting multiple vertical market opportunities. The renewal from a "leading automaker" alongside the original large customer indicates the company is building a defensible position in high-value industries.
HOUSTON, TX / ACCESS Newswire / 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
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 increased25% 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 than500% 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 www.sec.gov as well as in the Investor Relations section of the Company's website (www.multisensorai.com).
About MultiSensor AI
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.
For more information, please visit https://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," "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 Finance
e-mail: ir@multisensorai.com
website: www.multisensorai.com
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, | ||||||||
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.
View the original press release on ACCESS Newswire
FAQ
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