MultiSensor AI (NASDAQ:MSAI) Issues Quarterly Earnings Results

MultiSensor AI (NASDAQ:MSAI) released its earnings results on Thursday. The company reported ($0.88) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.23) by $0.35, FiscalAI reports. MultiSensor AI had a negative net margin of 141.70% and a negative return on equity of 36.08%. The company had revenue of $1.51 million for the quarter, compared to analysts’ expectations of $2.10 million.

MultiSensor AI Price Performance

NASDAQ MSAI traded down $0.03 during trading on Thursday, reaching $3.39. 5,954 shares of the company’s stock traded hands, compared to its average volume of 12,072. MultiSensor AI has a 12-month low of $2.80 and a 12-month high of $46.80. The company’s 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $6.65. The firm has a market cap of $7.49 million, a price-to-earnings ratio of -0.60 and a beta of -0.17.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MultiSensor AI in a research note on Monday, September 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MultiSensor AI has an average rating of “Reduce”.

About MultiSensor AI

MultiSensor AI is a technology company that develops artificial intelligence-enabled sensing and inspection solutions for industrial and commercial applications. Its platforms combine data from multiple sensor types, including thermal, visual and acoustic sensors, to help organizations identify equipment problems, monitor operating conditions and improve maintenance processes. The company’s products and services are designed to support applications such as predictive maintenance, infrastructure monitoring, industrial inspection and facility management.