MultiSensor AI Holdings, Inc., previously known as Infrared Cameras Holdings, Inc., has actively reported its financial results for the first quarter of 2024 and the fiscal year ending December 31, 2023. The company announced a Q1 2024 revenue of $2.275 million and a fiscal year 2023 revenue of $5.43 million. Despite the revenue, MultiSensor AI experienced a net loss of $3.922 million in Q1 2024 and a substantial net loss of $22.268 million for the full year of 2023. Operating expenses for the same periods were reported at $3.436 million and $22.977 million, respectively. As of March 31, 2024, the company's cash and cash equivalents stood at $491K, with total assets amounting to $14.113 million against total liabilities of $12.752 million, resulting in stockholders' equity of $1.361 million. The company has engaged in financing activities, including the conversion of debt...Show More

MultiSensor AI Holdings, Inc., previously known as Infrared Cameras Holdings, Inc., has actively reported its financial results for the first quarter of 2024 and the fiscal year ending December 31, 2023. The company announced a Q1 2024 revenue of $2.275 million and a fiscal year 2023 revenue of $5.43 million. Despite the revenue, MultiSensor AI experienced a net loss of $3.922 million in Q1 2024 and a substantial net loss of $22.268 million for the full year of 2023. Operating expenses for the same periods were reported at $3.436 million and $22.977 million, respectively. As of March 31, 2024, the company's cash and cash equivalents stood at $491K, with total assets amounting to $14.113 million against total liabilities of $12.752 million, resulting in stockholders' equity of $1.361 million. The company has engaged in financing activities, including the conversion of debt into equity and entering into a Common Stock Purchase Agreement with B. Riley Principal Capital II, which could provide up to $25.0 million in funding through common stock sales. MultiSensor AI continues to focus on its growth strategies, which include expanding sales and marketing, investing in Software as a Service (SaaS) solutions, and exploring potential strategic acquisitions. The company's product offerings cater to industries such as distribution, logistics, manufacturing, utilities, and oil & gas, with in-house manufacturing capabilities and proprietary calibration processes. MultiSensor AI operates in a competitive market against large-scale manufacturers and specialized industry consultants.