MultiSensor AI (NASDAQ:MSAI) Announces Earnings Results

MultiSensor AI (NASDAQ:MSAI) posted its quarterly earnings results on Tuesday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20), Zacks reports. The firm had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $4.50 million. MultiSensor AI had a negative net margin of 398.12% and a negative return on equity of 3,569.83%.

MultiSensor AI Price Performance

MSAI traded down $0.23 during midday trading on Wednesday, hitting $1.72. 19,689 shares of the company traded hands, compared to its average volume of 77,348. The company’s 50-day moving average is $2.03 and its 200 day moving average is $2.03. MultiSensor AI has a 52 week low of $1.51 and a 52 week high of $14.00.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.