MultiSensor AI Announces Second Quarter 2025 Results
MultiSensor AI (NASDAQ:MSAI) reported Q2 2025 financial results, showing mixed performance with total revenue declining 33% year-over-year to $1.4 million, while software revenue grew 37% to $0.4 million. The revenue decline was primarily attributed to an expected reduction in stand-alone hardware sales as the company shifts toward solution-focused, hardware-agnostic strategies.
Under new CEO Asim Akram's leadership, MSAI is implementing strategic initiatives including: recruiting industry-leading talent, simplifying product portfolio, and expanding into data center applications. The company achieved significant milestones in automotive manufacturing, completing a pilot with a second Big-3 automaker for lithium-ion battery monitoring and launching an advanced dual-vision sensor pilot for fire detection.
The company also secured subscription renewals from a global distributor and launched new applications for monitoring rooftop solar installations, critical power systems, and last-mile infrastructure.MultiSensor AI (NASDAQ:MSAI) ha comunicato i risultati del secondo trimestre 2025, con performance contrastanti: i ricavi totali sono diminuiti del 33% su base annua, attestandosi a $1.4 million, mentre i ricavi software sono cresciuti del 37% a $0.4 million. Il calo dei ricavi è stato attribuito principalmente alla prevista riduzione delle vendite di hardware standalone, dovuta alla transizione della società verso soluzioni focalizzate sul servizio e indipendenti dall'hardware.
Con il nuovo CEO Asim Akram, MSAI sta implementando iniziative strategiche tra cui l'acquisizione di talenti di primo piano nel settore, la semplificazione del portafoglio prodotti e l'espansione verso applicazioni per data center. L'azienda ha raggiunto traguardi significativi nell'ambito della produzione automobilistica, completando un pilota con un secondo costruttore del "Big-3" per il monitoraggio di batterie agli ioni di litio e avviando un pilota avanzato con sensore a doppia visione per la rilevazione incendi.
Inoltre, la società ha ottenuto il rinnovo di abbonamenti da parte di un distributore globale e ha lanciato nuove applicazioni per il monitoraggio di impianti solari su tetto, sistemi di alimentazione critici e infrastrutture dell'ultimo miglio.
MultiSensor AI (NASDAQ:MSAI) informó los resultados del 2T 2025, con un desempeño mixto: los ingresos totales cayeron 33% interanual hasta $1.4 million, mientras que los ingresos por software aumentaron 37% a $0.4 million. La disminución se atribuyó principalmente a la prevista reducción de ventas de hardware independiente, en línea con la orientación de la compañía hacia soluciones y estrategias agnósticas respecto al hardware.
Bajo la dirección del nuevo CEO Asim Akram, MSAI está implementando iniciativas estratégicas como la contratación de talento de primer nivel, la simplificación del catálogo de productos y la expansión hacia aplicaciones en centros de datos. La compañía alcanzó hitos importantes en fabricación automotriz, completando un piloto con un segundo fabricante del "Big-3" para el monitoreo de baterías de ion de litio y lanzando un piloto avanzado de sensor de visión dual para detección de incendios.
También aseguró renovaciones de suscripciones con un distribuidor global y puso en marcha nuevas aplicaciones para el monitoreo de instalaciones solares en tejados, sistemas de energía crítica e infraestructuras de última milla.
MultiSensor AI (NASDAQ:MSAI)는 2025년 2분기 실적을 발표했으며, 성과는 혼재했습니다. 총매출은 전년 동기 대비 33% 감소한 $1.4 million을 기록한 반면, 소프트웨어 매출은 37% 증가해 $0.4 million을 기록했습니다. 매출 감소는 독립형 하드웨어 판매의 예상 감소에 주로 기인하며, 회사가 솔루션 중심의 하드웨어 비종속 전략으로 전환하고 있기 때문입니다.
신임 CEO Asim Akram의 지휘 아래 MSAI는 업계 최고 인재 영입, 제품 포트폴리오 단순화, 데이터 센터용 애플리케이션 확장 등 전략적 이니셔티브를 추진하고 있습니다. 회사는 자동차 제조 분야에서 중요한 이정표를 달성했으며, 리튬이온 배터리 모니터링을 위한 '빅3' 두 번째 완성차업체와의 파일럿을 완료하고, 화재 감지를 위한 고급 듀얼 비전 센서 파일럿을 시작했습니다.
또한 글로벌 유통업체로부터 구독 갱신을 확보했고, 옥상 태양광 설치, 중요 전원 시스템 및 라스트마일 인프라 모니터링을 위한 새로운 애플리케이션을 출시했습니다.
MultiSensor AI (NASDAQ:MSAI) a publié ses résultats du deuxième trimestre 2025, affichant des performances mitigées : le chiffre d'affaires total a reculé de 33 % sur un an à $1.4 million, tandis que les revenus logiciels ont progressé de 37 % à $0.4 million. Le repli des revenus a été principalement imputé à une baisse attendue des ventes de matériels autonomes, la société se réorientant vers des solutions axées sur le service et indépendantes du matériel.
Sous la direction du nouveau PDG Asim Akram, MSAI met en œuvre des initiatives stratégiques incluant le recrutement de talents de premier plan, la simplification du portefeuille produit et l'expansion vers des applications pour centres de données. L'entreprise a franchi d'importantes étapes dans la fabrication automobile, achevant un pilote avec un deuxième constructeur du "Big-3" pour le suivi des batteries lithium-ion et lançant un pilote de capteur double-vision avancé pour la détection des incendies.
Elle a également obtenu le renouvellement d'abonnements auprès d'un distributeur mondial et lancé de nouvelles applications pour la surveillance d'installations solaires sur toits, de systèmes d'alimentation critiques et d'infrastructures du dernier kilomètre.
MultiSensor AI (NASDAQ:MSAI) meldete die Finanzergebnisse für das zweite Quartal 2025 mit gemischten Ergebnissen: der Gesamtumsatz sank im Jahresvergleich um 33 % auf $1.4 million, während der Softwareumsatz um 37 % auf $0.4 million zulegte. Der Umsatzrückgang wurde vor allem auf die erwartete Verringerung von eigenständigen Hardwareverkäufen zurückgeführt, da das Unternehmen auf lösungsorientierte, hardwareunabhängige Strategien umsteuert.
Unter der Leitung des neuen CEO Asim Akram setzt MSAI strategische Maßnahmen um, darunter die Rekrutierung branchenerprobter Talente, die Straffung des Produktportfolios und die Ausweitung auf Anwendungen in Rechenzentren. Das Unternehmen erzielte bedeutende Meilensteine in der Automobilfertigung, schloss einen Pilotversuch mit einem zweiten Hersteller der "Big-3" zur Überwachung von Lithium-Ionen-Batterien ab und startete ein fortschrittliches Dual-Vision-Sensor-Pilotprojekt zur Branddetektion.
Zusätzlich sicherte sich das Unternehmen Verlängerungen von Abonnements durch einen globalen Distributor und brachte neue Anwendungen für die Überwachung von Dach-Solaranlagen, kritischen Stromversorgungssystemen und der Last-Mile-Infrastruktur auf den Markt.
- Software revenue increased by 37% to $0.4 million year-over-year
- Secured upfront payments from global distributor subscription renewals
- Completed pilot implementation with second Big-3 automaker for battery monitoring
- Strategic expansion into data center applications market
- Successfully launched new applications with global distributor including solar monitoring
- Total revenue declined 33% to $1.4 million year-over-year
- Significant decrease in stand-alone hardware sales
- Required implementation of cost optimization initiatives to align expense base
Insights
MSAI reports mixed Q2 results with 33% revenue decline but 37% software growth amid strategic transition toward software-centric, hardware-agnostic model.
MultiSensor AI's Q2 results reflect a company in transition, with total revenue declining 33% year-over-year to
This quarter marks CEO Asim Akram's first 30 days at the helm, with clear indications of a significant strategic overhaul. The company is undergoing a comprehensive transformation from a hardware manufacturer to a solutions provider, evidenced by the talent acquisition focused on B2B sales, marketing, and AI-driven solutions. The upfront collection of subscription renewals from a global distributor has strengthened immediate liquidity, addressing potential cash flow concerns during this transition period.
The business highlights reveal a methodical approach to repositioning: narrowing industry focus, expanding into data centers (a high-margin sector with recurring revenue potential), and deepening relationships with automotive manufacturers through pilot programs. The deployment of dual-vision hardware sensors with a major automaker and thermal runaway monitoring with another demonstrates technology validation in high-value applications.
While the revenue decline appears concerning at first glance, it's consistent with the strategic pivot. The challenge ahead lies in accelerating software revenue growth to fully compensate for declining hardware sales. The current
HOUSTON, TX / ACCESS Newswire / August 13, 2025 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) (the "Company" or "MSAI"), a pioneer in condition-based monitoring and predictive maintenance, today announced financial results for the second quarter ended June 30, 2025.
Asim Akram, CEO and President, commented: "Our actions in my first 30 days have been aligned with and in support of MultiSensor AI's broader strategic growth priorities. We've taken immediate steps to chart a new course for the Company, including recruiting and onboarding industry-leading talent with deep expertise in B2B sales, product and commercial marketing, AI-driven solutions, and advanced capabilities in predictive maintenance and condition-based monitoring. I remain energized by the strength of our solutions and the critical problems we help our customers solve. Looking ahead, we are committed to transforming and scaling MultiSensor AI by prioritizing customer value and delivering a world-class experience-through best-in-class solutions, operational excellence, and focused execution."
Robert Nadolny, CFO, continued, "The upfront payments collected this quarter from subscription renewals strengthened our liquidity and helped offset the decline in stand-alone hardware sales, consistent with our strategic shift toward being a solution-focused, hardware-agnostic partner. Additionally, we have executed strategic cost optimization initiatives to align our expense base with current operations to enhance long-term profitability, preserve agility, and position MSAI for scalable and efficient growth."
Financial Highlights:
Second quarter revenue was
$1.4 million , a33% decrease from$2.1 million in the second quarter of 2024, primarily due to an expected reduction in stand-alone hardware sales.Software revenue grew
37% to$0.4 million , compared to$0.3 million in the second quarter of 2024.Subscription renewals for a global distributor commenced in June 2025 and cash was received for the subscriptions up-front for the 12-month subscription term.
Strategic Business Highlights:
We have accelerated the induction of critical talent across Product, Engineering, and Commercial functions-an intentional move to strengthen the foundation for our next phase of growth. The new team members bring deep industry expertise, along with proven capabilities in AI, IoT, and go-to-market strategy. This infusion of high-impact talent positions us to drive innovation, scale efficiently, and lead a transformative shift in how we deliver value to our customers.
We have taken deliberate steps to simplify our portfolio, enabling sharper focus on the core industry verticals where we are best positioned to deliver differentiated value. As part of this strategy, we are concentrating our resources on IoT-enabled, AI-driven solutions that directly address challenges within our target markets. This focus allows us to deepen our domain expertise, accelerate innovation, and deliver scalable outcomes that matter most to our customers.
We have strategically expanded our target applications to include data centers, leveraging the strengths of our existing solutions. Successful pilots in this sector have validated the potential to provide significant value and insights related to cooling management and server load balancing. We are prioritizing a focused go-to-market effort targeting data centers in the second half of 2025, positioning us to capture substantial growth opportunities in this high-demand vertical.
We achieved a significant milestone by completing our first pilot implementation with a second Big-3 automaker to monitor lithium-ion battery packs for thermal runaway-underscoring our growth in automotive manufacturing. Additionally, we partnered with our first Big-3 automaker to launch an advanced pilot featuring dual-vision hardware sensors (combining visual and infrared technologies) aimed at enhancing the precision of our early fire detection solution by reducing false alarms. These initiatives demonstrate our commitment to innovation and deepening strategic collaborations within critical automotive safety applications.
During the quarter, we successfully launched new applications with a global distributor, marking key milestones in expanding our footprint with this customer. These initiatives include pilot programs focused on monitoring rooftop solar installations, critical power systems within facilities, and last-mile infrastructure-demonstrating our commitment to delivering targeted, high-value solutions that address emerging industry needs and drive measurable customer impact.
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). More information, including an updated investor presentation, is available on MSAI's Investor Relations website at www.investors.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 or to request a demo, 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," "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 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
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 June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue, net | $ | 1,419 | $ | 2,125 | $ | 2,589 | $ | 4,400 | ||||||||
Cost of goods sold (exclusive of depreciation) | 1,084 | 538 | 1,560 | 1,707 | ||||||||||||
Inventory impairment | - | - | - | 234 | ||||||||||||
Operating expenses: | ||||||||||||||||
Selling, general and administrative | 2,909 | 2,810 | 7,048 | 5,974 | ||||||||||||
Share-based compensation expense | 423 | 3,326 | 1,330 | 3,326 | ||||||||||||
Depreciation | 330 | 298 | 610 | 571 | ||||||||||||
Loss (gain) on asset disposal | (9 | ) | - | (24 | ) | - | ||||||||||
Total operating expenses | 3,653 | 6,434 | 8,964 | 9,871 | ||||||||||||
Operating loss | (3,318 | ) | (4,847 | ) | (7,935 | ) | (7,412 | ) | ||||||||
Interest (income) expense, net | (11 | ) | 60 | (15 | ) | 64 | ||||||||||
Change in fair value of convertible notes | - | - | - | 475 | ||||||||||||
Change in fair value of warrants liabilities | - | (9 | ) | - | (38 | ) | ||||||||||
Loss on financing transaction | - | 505 | - | 1,381 | ||||||||||||
Other expense (income), net | 5 | 978 | (180 | ) | 978 | |||||||||||
Loss before income taxes | (3,312 | ) | (6,381 | ) | (7,740 | ) | (10,272 | ) | ||||||||
Income tax expense | 10 | 12 | 18 | 44 | ||||||||||||
Net loss | $ | (3,322 | ) | $ | (6,393 | ) | $ | (7,758 | ) | $ | (10,316 | ) | ||||
Weighted-average shares outstanding, basic and diluted | ||||||||||||||||
Basic | 33,551,398 | 13,681,678 | 33,075,771 | 12,824,577 | ||||||||||||
Diluted | 33,551,398 | 13,681,678 | 33,075,771 | 12,824,577 | ||||||||||||
Net loss per share, basic and diluted | ||||||||||||||||
Basic | $ | (0.10 | ) | $ | (0.47 | ) | $ | (0.23 | ) | $ | (0.80 | ) | ||||
Diluted | (0.10 | ) | (0.47 | ) | (0.23 | ) | (0.80 | ) | ||||||||
SOURCE: MultiSensor AI Holdings, Inc.
View the original press release on ACCESS Newswire
FAQ
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