MultiSensor AI Announces Second Quarter 2024 Results [Yahoo! Finance]
MultiSensor AI Holdings, Inc. (MSAI)
Company Research
Source: Yahoo! Finance
Recent capital raise and debt conversion represent meaningful inflection points, strengthening the Company's balance sheet and financial flexibility HOUSTON, TX / ACCESSWIRE / August 14, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial condition-based maintenance and process control solutions, announced results for the second quarter ended June 30, 2024. Financial Highlights: First half of 2024 revenue increased 90% year over year from $2.3 million to $4.4 million; Q2 revenue increased 59% year over year from $1.3 million to $2.1 million. Annual recurring revenue at the end of the period increased approximately 500% from approximately $450 thousand to $2.7 million. Subsequent to quarter end, the Company raised $26.5 million through a combination of a $11.5 million public offering and a $15 million private placement. During the quarter, MSAI completed the conversion of all remaining convertible notes and other debt to equity. Subsequ
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News
- MultiSensor AI to Attend the H.C. Wainwright 26th Annual Global Investment Conference [Yahoo! Finance]Yahoo! Finance
- MultiSensor AI to Attend the H.C. Wainwright 26th Annual Global Investment ConferenceAccesswire
- MultiSensor AI Announces Robert Nadolny as New Vice President - ControllerAccesswire
- MultiSensor AI Announces Second Quarter 2024 ResultsAccesswire
- MultiSensor AI Holdings, Inc. Announces Closing of $10 Million Public Offering, Exercise of $1.5 Million Over-Allotment Option, Concurrent $15 Million Private Placement And Appointment of Daniel M. Friedberg to the Board of DirectorsAccesswire
MSAI
Sec Filings
- 9/25/24 - Form 4
- 9/25/24 - Form SC
- 9/19/24 - Form 4
- MSAI's page on the SEC website