Revenue: As of FY2025 Q3, the actual value is USD 1.574 M, missing the estimate of USD 1.7 M.EPS: As of FY2025 Q3, the actual value is USD -0.05.EBIT: As of FY2025 Q3, the actual value is USD -1.693 M.<h3>Segment Revenue</h3><ul><li>Total Revenue: For the three months ended September 30, 2025, total revenue was $1.574 million, a slight decrease from $1.602 million in the same period in 2024. For the nine months ended September 30, 2025, total revenue was $4.163 million, down from $6.002 million in 2024.</li><li>Hardware Revenue: For the three months ended September 30, 2025, hardware revenue was $853,000, down from $1.077 million in 2024. For the nine months ended September 30, 2025, hardware revenue was $2.480 million, down from $4.822 million in 2024.</li><li>Software Revenue: Software revenue increased to $615,000 for the three months ended September 30, 2025, from $287,000 in 2024. For the nine months ended September 30, 2025, software revenue was $1.266 million, up from $843,000 in 2024.</li><li>Services Revenue: Services revenue was $106,000 for the three months ended September 30, 2025, down from $238,000 in 2024. For the nine months ended September 30, 2025, services revenue was $417,000, up from $337,000 in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: The net loss for the three months ended September 30, 2025, was $1.677 million, compared to a net loss of $8.195 million in 2024. For the nine months ended September 30, 2025, the net loss was $9.435 million, compared to $18.510 million in 2024.</li><li>Operating Loss: The operating loss for the three months ended September 30, 2025, was $1.694 million, compared to $8.675 million in 2024. For the nine months ended September 30, 2025, the operating loss was $9.629 million, compared to $16.087 million in 2024.</li><li>Gross Margin: The gross margin for the three months ended September 30, 2025, was 64%, compared to 67% in 2024. For the nine months ended September 30, 2025, the gross margin was 49%, compared to 63% in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities was $5.783 million for the nine months ended September 30, 2025, compared to $12.510 million in 2024.</li><li>Free Cash Flow: Not explicitly stated, but the net decrease in cash, cash equivalents, and restricted cash equivalents was $3.344 million for the nine months ended September 30, 2025.</li></ul><h3>Unique Metrics</h3><ul><li>Customer Concentration: For the three months ended September 30, 2025, two customers accounted for 36% and 12% of total net revenue. For the nine months ended September 30, 2025, one customer accounted for 28% of total net revenue.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focused on growing its position as a SaaS leader in predictive maintenance, with a significant increase in connected sensors to its cloud-based platform, MSAI Connect. The company anticipates significant opportunities to drive increased recurring revenues with its solutions.</li><li>Non-Core Business: The company is executing strategic cost optimization initiatives, including a reduction in employee headcount and professional fees, to enhance long-term profitability and position for scalable growth.</li></ul>

MultiSensor AI | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 1.574 M