MultiSensor AI Announces First Quarter 2024 Results [Yahoo! Finance]
MultiSensor AI Holdings, Inc. (MSAI)
Company Research
Source: Yahoo! Finance
HOUSTON, TX / ACCESSWIRE / May 16, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial condition-based maintenance and process control solutions announced results for the first quarter ended March 31, 2024. Financial Highlights for Q1 2024: Revenue increased 132% year over year from $980k to $2,275k Annual recurring revenue increased more than 450% from approximately $425k to $2,500k Completed conversion of $7.05 million of convertible notes and other debts to equity (including conversions subsequent to Q1) Strategic Business Highlights: The Company continued its revenue expansion with launch customers and initiated SaaS contract with new enterprise customers. Anticipated revenue scaling is expected from expansion of existing relationships and a robust pipeline of new customers. Completed corporate name change and re-branding from Infrared Cameras to MultiSensor AI. Announced multiple upgrades in scope and functionality of MSAI Clo
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News
- MultiSensor AI Holdings, Inc. Announces Pricing of $10 Million Public Offering and Concurrent $15 Million Private Placement for a Total of $25 Million [Yahoo! Finance]Yahoo! Finance
- MultiSensor AI Holdings, Inc. Announces Pricing of $10 Million Public Offering and Concurrent $15 Million Private Placement for a Total of $25 MillionAccesswire
- MultiSensor AI Announces Strategic Channel Partner Relationship with Denali Advanced IntegrationAccesswire
- MultiSensor AI Announces Compliance With Nasdaq Continued Listing Criteria [Yahoo! Finance]Yahoo! Finance
- MultiSensor AI Announces Compliance With Nasdaq Continued Listing CriteriaAccesswire
MSAI
Sec Filings
- 6/28/24 - Form EFFECT
- 6/26/24 - Form S-1/A
- 6/24/24 - Form S-1/A
- MSAI's page on the SEC website