MultiSensor AI (NASDAQ:MSAI) Releases Earnings Results, Beats Estimates By $0.35 EPS

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

MultiSensor AI Stock Performance

Shares of MSAI traded down $0.03 on Thursday, reaching $3.39. The stock had a trading volume of 5,954 shares, compared to its average volume of 12,072. The firm has a market capitalization of $7.49 million, a price-to-earnings ratio of -0.60 and a beta of -0.17. The company has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $6.65. MultiSensor AI has a 12-month low of $2.80 and a 12-month high of $46.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of MultiSensor AI in a report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MultiSensor AI presently has a consensus rating of “Reduce”.

MultiSensor AI Company Profile

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.