MultiSensor AI Announces Third Quarter 2025 Results
MultiSensor AI (NASDAQ: MSAI) reported third quarter 2025 results on November 13, 2025, highlighting progress on commercial execution and cost optimization.
Key metrics: Q3 revenue $1.6M (flat YoY, +11% QoQ); software revenue $0.6M (+114% YoY, +54% QoQ); gross margin 64% (-3% YoY, +40% QoQ); Q3 net loss $1.7M (-80% YoY, -50% QoQ). The company connected approximately 665 active sensors to its MSAI Connect platform (9% QoQ, 167% YoY) and completed two post-quarter capital raises totaling about $26M net to bolster liquidity and support platform investment.
Operational items: product realignment into ETD and RME offerings, launch of MSAI Hub edge gateway, initial North American deployments with a global distribution partner, and targeted pilots in data center electrical monitoring.
MultiSensor AI (NASDAQ: MSAI) ha riportato i risultati del terzo trimestre 2025 il 13 novembre 2025, evidenziando i progressi nell'esecuzione commerciale e nell'ottimizzazione dei costi.
Indicatori chiave: fatturato Q3 $1.6M (invariato YoY, +11% QoQ); fatturato software $0.6M (+114% YoY, +54% QoQ); margine lordo 64% (-3% YoY, +40% QoQ); perdita netta Q3 $1.7M (-80% YoY, -50% QoQ). L'azienda ha connesso circa 665 sensori attivi alla sua piattaforma MSAI Connect (9% QoQ, 167% YoY) e ha completato due raccolte di capitale post-trimestre per un totale di circa $26M netti per rafforzare la liquidità e sostenere gli investimenti sulla piattaforma.
Item operativi: riallineamento di prodotto nelle offerte ETD e RME, lancio del gateway edge MSAI Hub, prime implementazioni nordamericane con un partner globale di vendita/distribuzione, e piloti mirati nel monitoraggio elettrico dei data center.
MultiSensor AI (NASDAQ: MSAI) informó los resultados del tercer trimestre de 2025 el 13 de noviembre de 2025, destacando avances en la ejecución comercial y la optimización de costos.
Indicadores clave: ingresos del Q3 1.6 M$ (sin cambios interanuales, +11% QoQ); ingresos de software 0.6 M$ (+114% interanual, +54% QoQ); margen bruto 64% (-3 pp YoY, +40% QoQ); pérdida neta del Q3 1.7 M$ (-80% YoY, -50% QoQ). La empresa conectó aproximadamente 665 sensores activos a su plataforma MSAI Connect (QoQ +9%, YoY +167%) y completó dos aumentos de capital posteriores al trimestre por un total de aproximadamente 26 M$ netos para fortalecer la liquidez y apoyar la inversión en la plataforma.
Elementos operativos: realineación de producto hacia las ofertas ETD y RME, lanzamiento del gateway edge MSAI Hub, primeros despliegues en Norteamérica con un socio global de distribución y pilotos focalizados en la monitorización eléctrica de centros de datos.
MultiSensor AI (NASDAQ: MSAI)가 2025년 11월 13일 2025년 3분기 실적을 발표했고, 상업 실행 및 비용 최적화의 진전을 강조했습니다.
주요 지표: 3분기 매출 160만 달러 (전년비 정체, QoQ +11%); 소프트웨어 매출 60만 달러 (+전년비 114%, QoQ +54%); 총이익률 64% (-전년비 -3%, QoQ +40%); 3분기 순손실 170만 달러 (-전년비 -80%, QoQ -50%). 회사는 약 665 활성 센서를 MSAI Connect 플랫폼에 연결했고 (QoQ +9%, YoY +167%) 분기 이후 두 차례의 자본 조달로 약 $26M 순의 자금을 확보해 유동성을 강화하고 플랫폼 투자에 지원했습니다.
운영 항목: ETD 및 RME 제공으로의 제품 재배치, MSAI Hub 에지 게이트웨이 출시, 글로벌 유통 파트너와의 초기 북미 배포, 데이터 센터 전력 모니터링의 표적 파일럿.
MultiSensor AI (NASDAQ: MSAI) a publié les résultats du troisième trimestre 2025 le 13 novembre 2025, en mettant en avant les progrès réalisés dans l'exécution commerciale et l'optimisation des coûts.
Indicateurs clés: Chiffre d'affaires T3 1,6 M$ (stable YoY, +11% QoQ); Chiffre d'affaires logiciel 0,6 M$ (+114% YoY, +54% QoQ); Marge brute 64% (-3 p.p. YoY, +40% QoQ); Perte nette T3 1,7 M$ (-80% YoY, -50% QoQ). L'entreprise a connecté environ 665 capteurs actifs à sa plateforme MSAI Connect (QoQ +9%, YoY +167%) et a effectué deux levées de fonds post-trimestre totalisant environ 26 M$ nets pour renforcer la liquidité et soutenir l'investissement dans la plateforme.
Éléments opérationnels: réalignement produit vers les offres ETD et RME, lancement du gateway edge MSAI Hub, premiers déploiements nord-américains avec un partenaire mondial de distribution et pilotes ciblés dans la surveillance électrique des data centers.
MultiSensor AI (NASDAQ: MSAI) hat die Ergebnisse des dritten Quartals 2025 am 13. November 2025 bekannt gegeben und dabei Fortschritte bei der kommerziellen Umsetzung und Kosteneffizienz hervorgehoben.
Wichtige Kennzahlen: Q3-Umsatz 1,6 Mio. USD (YoY unverändert, QoQ +11%); Umsatz Software 0,6 Mio. USD (+114% YoY, +54% QoQ); Bruttomarge 64% (-3 pp YoY, +40% QoQ); Q3-Nettoverlust 1,7 Mio. USD (-80% YoY, -50% QoQ). Das Unternehmen hat ca. 665 aktive Sensoren mit der MSAI Connect-Plattform verbunden (QoQ 9%, YoY 167%) und zwei Kapitalerhöhungen nach Quartalsende abgeschlossen, insgesamt ca. 26 Mio. USD netto, um die Liquidität zu stärken und Investitionen in die Plattform zu unterstützen.
Operative Punkte: Produkt-Neuausrichtung auf ETD- und RME-Angebote, Einführung des MSAI Hub Edge-Gateway, erste Nordamerika-Deployments mit einem globalen Vertriebspartner und zielgerichtete Piloten im Bereich der Rechenzentrum-Elektrizität.
شركة MultiSensor AI (بورصة ناسداك: MSAI) أبلغت عن نتائج الربع الثالث من 2025 في 13 نوفمبر 2025، مع إبراز التقدم في التنفيذ التجاري وتحسين التكلفة.
المؤشرات الرئيسية: إيرادات الربع الثالث 1.6 مليون دولار (ثابتة على أساس سنوي، +11% ربعيًا); إيرادات البرامج 0.6 مليون دولار (+114% سنويًا، +54% ربعيًا); الهامش الإجمالي 64% (-3 نقاط مئوية سنويًا، +40% ربعيًا); خسارة صافية للربع الثالث 1.7 مليون دولار (-80% سنويًا، -50% ربعيًا). قامت الشركة بتوصيل نحو 665 مستشعرًا نشطًا إلى منصة MSAI Connect (QoQ +9%, YoY +167%) وأكملت جرتين من زيادات رأس المال بعد الربع بإجمالي حوالي 26 مليون دولار صافي لتعزيز السيولة ودعم الاستثمار في المنصة.
عناصر تشغيلية: إعادة تنظيم المنتجات ضمن عروض ETD و RME، إطلاق بوابة الحافة MSAI Hub، عمليات نشر أولية في أمريكا الشمالية مع شريك توزيع عالمي، وتجارب مستهدفة في رصد الكهرباء لمراكز البيانات.
- Software revenue +114% YoY to $0.6M
- Gross margin 64%, +40% quarter-over-quarter
- Completed ~$26M net capital raises after quarter-end
- Active sensors 665, +167% year-over-year
- Total revenue only $1.6M in Q3 2025
- Net loss $1.7M in Q3 2025 remains negative
- Gross margin declined 3% year-over-year
Insights
Results show stronger software growth, narrower losses, and bolstered liquidity from post-quarter capital raises.
Revenue for the third quarter was
The company closed two capital raises after quarter‑end totaling approximately
Watch the next quarterly report for trends in software revenue share, sensor connection growth, and operating expense run‑rate to confirm sustainability over the next
Houston, Texas--(Newsfile Corp. - November 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 third quarter ended September 30, 2025.
Asim Akram, CEO and President, commented: "The third quarter marked continued progress toward operational excellence and long-term growth. We advanced critical initiatives to strengthen our foundation, enhance commercial execution, and scale our recurring revenue base. Our transition towards integrated, solution-oriented offering is creating value for customers and further validating product market fit across key verticals. Our expansion into North America with a global distribution leader reinforces both the market relevance of our solutions and the scalability of our multisensor platform. We remain disciplined and focused on delivering sustainable growth and tangible return on investment for our customers."
Robert Nadolny, CFO, continued, "We are excited about our continued growth in software revenue and the commercial traction we're realizing with key customers. Our third quarter results also reflect the early benefits of the cost-saving initiatives we implemented during the third quarter. We also announced two capital raises shortly after quarter-end totaling approximately
Financial Highlights:
- Third quarter revenue was
$1.6 million , which is consistent with the third quarter of 2024 and represents an increase of$0.2 million , or11% , quarter over quarter. - Software revenue grew to
$0.6 million in the third quarter of 2025, representing an increase of$0.3 million , or114% , as compared to the third quarter of 2024, and an increase of$0.2 million , or54% , quarter over quarter. - Gross margin was
64% in the third quarter of 2025, representing a decrease of3% as compared to the third quarter of 2024, and an increase of40% quarter over quarter. - Third quarter net loss was
$1.7 million , representing a decrease of$6.5 million , or80% , as compared to the third quarter of 2024, and a decrease of$1.6 million , or50% , quarter over quarter.
Strategic Business Highlights:
- We have realigned our solutions under two offerings: Early Threat Detection ("ETD") and Reliability Maintenance Engineering ("RME"). As part of this realignment, we simplified our go-to-market strategy with Resolution Kits, and launched the MSAI Hub, an edge gateway that reduces installation complexity.
- During the quarter, we successfully implemented MSAI ETD and RME solutions in the United States with a global distribution leader, marking the first wave of North American deployments following multiple successful programs across Europe and the United Kingdom.
- In the Data Center market, we have narrowed our focus to the infrastructure surrounding and supporting data centers- specifically Electrical Panel Monitoring ("EPM") and ETD applications. This includes using MSAI Connect solutions to monitor power and cooling control systems. During the quarter, we began discussions to pilot these solutions with several large data center owners and operators.
- We have executed, and continue to execute, strategic targeted 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. These initiatives were instrumental to the decrease in operating expenses and net loss during the third quarter of 2025.
- As of September 30, 2025, approximately 665 active sensors were connected to the MSAI Connect platform, as compared to approximately 610 as of June 30, 2025, and 249 as of September 30, 2024. This represents a
9% increase quarter over quarter and a167% increase year over year.
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 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 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 our ability to obtain stockholder approval for and satisfy the other conditions to the second closing of our private placement 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:
e-mail: ir@multisensorai.com
website: www.multisensorai.com
Source: 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 September 30, | Nine Months Ended September 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Revenue, net | $ | 1,574 | $ | 1,602 | $ | 4,163 | $ | 6,002 | ||||
| Cost of goods sold (exclusive of depreciation) | 566 | 533 | 2,126 | 2,240 | ||||||||
| Inventory impairment | - | 2,038 | - | 2,272 | ||||||||
| Operating expenses: | ||||||||||||
| Selling, general and administrative | 2,164 | 6,098 | 9,212 | 12,072 | ||||||||
| Share-based compensation expense | 205 | 29 | 1,535 | 3,355 | ||||||||
| Depreciation | 342 | 307 | 952 | 878 | ||||||||
| Loss (gain) on asset disposal | (9 | ) | 342 | (33 | ) | 342 | ||||||
| Other loss | - | 930 | - | 930 | ||||||||
| Total operating expenses | 2,702 | 7,706 | 11,666 | 17,577 | ||||||||
| Operating loss | (1,694 | ) | (8,675 | ) | (9,629 | ) | (16,087 | ) | ||||
| Interest expense (income), net | (5 | ) | - | (20 | ) | 63 | ||||||
| Change in fair value of convertible notes | - | - | - | 475 | ||||||||
| Change in fair value of warrants liabilities | - | - | - | (38 | ) | |||||||
| Loss on financing transaction | - | - | - | 1,381 | ||||||||
| Other expense (income), net | (1 | ) | (85 | ) | (181 | ) | 893 | |||||
| Loss before income taxes | (1,688 | ) | (8,590 | ) | (9,428 | ) | (18,861 | ) | ||||
| Income tax expense (benefit) | (11 | ) | (395 | ) | 7 | (351 | ) | |||||
| Net loss | $ | (1,677 | ) | $ | (8,195 | ) | $ | (9,435 | ) | $ | (18,510 | ) |
| Weighted-average shares outstanding, basic and diluted | ||||||||||||
| Basic | 34,495,208 | 24,268,186 | 33,554,326 | 16,639,114 | ||||||||
| Diluted | 34,495,208 | 24,268,186 | 33,554,326 | 16,639,114 | ||||||||
| Net loss per share, basic and diluted | ||||||||||||
| Basic | $ | (0.05 | ) | $ | (0.34 | ) | $ | (0.28 | ) | $ | (1.11 | ) |
| Diluted | (0.05 | ) | (0.34 | ) | (0.28 | ) | (1.11 | ) | ||||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274367
FAQ
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