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Stock impact report

MultiSensor AI Announces Third Quarter 2024 Results [Yahoo! Finance]

MultiSensor AI Holdings, Inc. (MSAI) 
Company Research Source: Yahoo! Finance
HOUSTON, TX / ACCESSWIRE / November 12, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) (the "Company" or "MSAI"), a pioneer in AI-powered industrial condition-based maintenance and process control solutions announced results for the third quarter ended September 30, 2024. Financial Highlights: Year to date revenue increased 57% year over year to $6.0 million from $3.8 million; Q3 revenue increased 7% year over year to $1.6 million from $1.5 million. Overall liquidity increased as the Company's cash position grew to $8.6 million as of September 30, 2024, from $0.2 million as of June 30, 2024. Total liabilities decreased to $3.3 million as of September 30, 2024, from $14.9 million as of June 30, 2024, as the Company focuses on maintaining a conservative balance sheet. Strategic Business Highlights: Closed on a combined $26.5 million in public and private equity offerings in July 2024 Announced strategic partner relationships with Seek Thermal and IndustrAI Sàrl, which Show less Read more
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