--- title: "MultiSensor AI Announces First Quarter 2026 Results | MSAI Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/286314252.md" description: "MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) reported its first quarter 2026 results, showing a revenue increase of 38% to $1.6 million, with software revenue up 169% to $0.7 million. The net loss narrowed to $2.5 million, a 44% improvement year-over-year. CEO Asim Akram highlighted strategic leadership additions and successful deployments at Manchester Airport and a global food solutions provider. The company continues to expand its presence in critical infrastructure, with positive customer feedback on pilot projects in the data center sector. The full report is available on the SEC website and the company's Investor Relations page." datetime: "2026-05-13T12:30:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286314252.md) - [en](https://longbridge.com/en/news/286314252.md) - [zh-HK](https://longbridge.com/zh-HK/news/286314252.md) --- # MultiSensor AI Announces First Quarter 2026 Results | MSAI Stock News Houston, Texas--(Newsfile Corp. - May 13, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) (the "Company," "MultiSensor AI" or "MSAI") today announced financial results for the first quarter ended March 31, 2026. "Over the last quarter, we continued to sharpen our strategic focus and strengthen the leadership foundation required to scale the business," said Asim Akram, Chief Executive Officer. "The additions of James Newman as Senior Director of Product Enablement and Todd McKellar as Vice President of Sales bring deep reliability, industrial operations, and go-to-market expertise to the Company. Their leadership has already helped us translate our strategy into more differentiated solutions, stronger customer engagement, and higher-quality commercial opportunities across both existing and prospective accounts." Robert Nadolny, Chief Financial Officer, continued, "In the first quarter, we delivered continued growth in our software revenue, reflecting increased adoption of MultiSensor AI's solutions across our customer base. At the same time, disciplined expense management and improving operating efficiency contributed to a narrower net loss year-over-year, demonstrating our progress toward scaling the business while maintaining financial discipline." **Financial Highlights:** - First quarter revenue was $1.6 million, representing an increase of $0.4 million or 38%, as compared to $1.2 million in the first quarter of 2025. - Software revenue grew to $0.7 million in the first quarter of 2026, representing an increase of $0.4 million, or 169%, as compared to $0.3 million in the first quarter of 2025. - Gross margin was 57% in the first quarter of 2026, representing a decrease of 2% as compared to 59% for the first quarter of 2025. - First quarter net loss was $2.5 million, representing a decrease of $1.9 million, or 44%, as compared to net loss of $4.4 million in the first quarter of 2025. **Strategic Business Highlights:** - During the first quarter of 2026, we completed initial deployments at Manchester Airport and a global direct-to-consumer food solutions provider, further validating the applicability of our solutions across complex, mission-critical operations. We also continued expanding our relationship with a large global distribution customer, which recently approved additional projects focused on monitoring rooftop solar infrastructure and distribution facilities, with installations expected throughout the remainder of fiscal year 2026. - We successfully deployed two pilot projects within the data center sector, marking an important step in expanding MSAI's presence in critical infrastructure environments. Initial customer feedback has been positive, and we are actively engaged in discussions to broaden these deployments and pursue additional opportunities across other data center facilities. The Company's Quarterly Report is filed with the Securities and Exchange Commission (the "SEC") and is available at www.sec.gov as well as in the Investor Relations section of the Company's website (www.multisensorai.com). All share and per share amounts presented have been adjusted retroactively to reflect the 1-for-40 reverse stock split on April 13, 2026. **About MultiSensor AI** MSAI delivers condition monitoring and continuous early threat detection through a multi-sensor condition intelligence platform for high-throughput, automation-rich, and power-dense industrial facilities. Through a unified edge-to-cloud architecture, MSAI Connect provides a multi-sensor condition intelligence layer that bridges critical visibility gaps, strengthens system reliability, and improves asset performance. By integrating thermal, visual, vibration, and environmental sensing into a single platform, MSAI detects early signs of mechanical and electrical degradation - enabling organizations to proactively protect uptime, enhance safety, and extend critical asset lifespan. For more information or to request a demo, please visit www.multisensorai.com. **Forward Looking Statements** This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "will," "would" or their negatives or variations of these words, or similar expressions. All statements contained in this press release that do not strictly relate to matters of historical fact should be considered forward-looking statements, including, without limitation, management's expectations regarding its strategic priorities and objectives, future plans and business prospects. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors and those identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in the Company's other filings with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. Any forward-looking statement made in this press release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. **MSAI Contact:** e-mail: ir@multisensorai.com website: www.multisensorai.com Source: MultiSensor AI Holdings, Inc. **MultiSensor AI Holdings, Inc.** **Condensed Consolidated Statements of Operations** **(unaudited)** _(Amounts in thousands of U.S. dollars, except share and per share data)_ **Three months ended March 31,** **2026** **2025** **Revenue, net** **$** **1,614** **$** **1,170** Cost of goods sold (exclusive of depreciation) 700 476 **Operating expenses:** Selling, general and administrative 2,989 4,139 Share-based compensation expense 182 907 Depreciation 352 280 Loss (gain) on asset disposal (15 ) (15 ) Total operating expenses 3,508 5,311 **Operating loss** **(2,594** **)** **(4,617** **)** Interest expense (income), net (155 ) (4 ) Other expense (income), net (1 ) (185 ) Loss before income taxes (2,438 ) (4,428 ) Income tax expense (benefit) 33 8 **Net loss** **$** **(2,471** **)** **$** **(4,436** **)** **Weighted-average shares outstanding, basic and diluted** Basic 2,012,241 818,141 Diluted 2,012,241 818,141 **Net loss per share, basic and diluted** Basic $ (1.23 ) $ (5.42 ) Diluted (1.23 ) (5.42 ) **MultiSensor AI Holdings, Inc.** **Condensed Consolidated Balance Sheets** **(unaudited) **_(Amounts in thousands of U.S. dollars, except share and per share data)_ **March 31, 2026** **December 31, 2025** **Assets** Current assets Cash and cash equivalents $ 22,552 $ 24,365 Trade accounts receivable, net of allowance for credit losses of $28 and $17, respectively 1,190 1,670 Inventories, current 3,794 4,020 Other current assets 907 826 Total current assets $ 28,443 $ 30,881 Property, plant and equipment, net 3,859 4,085 Inventories, noncurrent 331 379 Other noncurrent assets 202 129 **Total assets** **$** **32,835** $ **35,474** **Liabilities and shareholders' equity** Current liabilities Accounts payable $ 429 $ 291 Income taxes payable 1 \- Accrued expense 820 981 Contract liabilities 893 1,255 Other current liabilities 46 121 Total current liabilities $ 2,189 2,648 Contract liabilities, noncurrent 854 751 Warrants 10 10 Deferred tax liabilities, net 63 33 **Total liabilities** **$** **3,116** **$** **3,442** Commitments and contingencies (Note 13) **Shareholders' equity** Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025, and 2,012,293 and 2,007,613 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively \- \- Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively and no shares issued or outstanding as of March 31, 2026 and December 31, 2025, respectively \- \- Additional paid-in capital 98,529 98,371 Accumulated deficit (68,810 ) (66,339 ) **Total shareholders' equity** **$** **29,719** **32,032** **Total liabilities and shareholders' equity** **$** **32,835** **$** **35,474** **MultiSensor AI Holdings, Inc.** **Condensed Consolidated Statements of Cash Flows** **(unaudited)** _(Amounts in thousands of U.S. dollars)_ **Three months ended March 31,** **2026** **2025** **Operating Activities:** Net loss $ (2,471 ) $ (4,436 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation 352 280 Non-cash lease activity \- 35 Bad debt expenses (recoveries) 17 \- Deferred income tax (income) expense 30 6 Share-based compensation 182 907 Loss (gain) on disposal of equipment (15 ) (15 ) **Increase (decrease) in cash resulting from changes in:** Trade accounts receivable 463 (10 ) Inventories 274 (375 ) Other current assets (81 ) 126 Other noncurrent assets (73 ) (37 ) Trade accounts payable 128 404 Income taxes payable 1 (59 ) Contract liabilities (362 ) (263 ) Other current liabilities (75 ) (162 ) Right of use liabilities \- (35 ) Accrued expenses (161 ) 468 Contract liabilities, noncurrent 103 (10 ) **Net cash provided by (used in) operating activities** $ **(1,688** **)** $ **(3,176** **)** **Investing Activities:** Capital expenditures (121 ) (435 ) Proceeds from sale of equipment 20 15 **Net cash provided by (used in) investing activities** $ **(101** **)** $ **(420** **)** **Financing Activities:** Proceeds from issuances of common stock \- 4,657 Tax payments associated with equity-based compensation transactions (24 ) (500 ) Repayment of Legacy SMAP promissory note \- (172 ) **Net cash provided by (used in) financing activities** **$** **(24** **)** **$** **3,985** Net increase/(decrease) in cash, cash equivalents, and restricted cash equivalents (1,813 ) 389 Cash, cash equivalents, and restricted cash equivalents beginning of period 24,465 4,508 **Cash, cash equivalents, and restricted cash equivalents end of the period** **$** **22,652** **$** **4,897** **Reconciliation of cash, cash equivalents and restricted cash equivalents at end of period:** Cash and cash equivalents $ 22,552 $ 4,747 Restricted cash equivalents included in other current assets 100 150 **Cash, cash equivalents, and restricted cash equivalents end of the period** **$** **22,652** **$** **4,897** **Supplemental cash flow information:** Interest paid $ \- $ \- Income tax paid, net of refunds received 10 110 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297319 ### Related Stocks - [MSAI.US](https://longbridge.com/en/quote/MSAI.US.md) - [MSAIW.US](https://longbridge.com/en/quote/MSAIW.US.md) ## Related News & Research - [05:00 ETWindows Apps That Don't Run on macOS (2026): Parallels Recognized as Top Solution for Running PC-Exclusive Software on Mac by Expert Consumers](https://longbridge.com/en/news/287035279.md) - [Windows Apps That Don't Run on macOS (2026): Parallels Recognized as Top Solution for Running PC-Exclusive Software on Mac by Expert Consumers](https://longbridge.com/en/news/287035833.md) - [Inquiry Into Adobe's Competitor Dynamics In Software Industry](https://longbridge.com/en/news/286892118.md) - [Stocks in Play: Sylogist Ltd.](https://longbridge.com/en/news/286933780.md) - [Best Virtual Machine for Mac (2026): Parallels Recognized for Windows Performance and Compatibility by Software Experts](https://longbridge.com/en/news/286888098.md)