Quarterly ResultMay 13, 2026, 04:52 PM
MultiSensor AI Q1 Revenue $1.61M, Net Loss Narrows to $2.47M; Reverse Split
AI Summary
MultiSensor AI Holdings, Inc. reported a significant improvement in its first-quarter 2026 financial results, with net revenue increasing to $1.61 million and net loss narrowing to $2.47 million. The company also completed a 1-for-40 reverse stock split in April 2026 and entered into a new at-market sales agreement for up to $60 million. Strategic deployments expanded into new markets, including Manchester Airport and data centers, while the company terminated its Equity Line of Credit.
Key Highlights
- Net revenue increased 37.9% to $1.61 million in Q1 2026 from $1.17 million in Q1 2025.
- Net loss narrowed to $2.47 million in Q1 2026 from $4.44 million in Q1 2025.
- Basic net loss per share improved to $(1.23) in Q1 2026 from $(5.42) in Q1 2025.
- Cash and cash equivalents were $22.55 million as of March 31, 2026.
- Effected a 1-for-40 reverse stock split on April 13, 2026, reducing outstanding shares to 2,012,293.
- Entered a new at-market sales agreement for up to $60 million with Roth Capital Partners and H.C. Wainwright & Co.
- Software revenue grew 169% to $675 thousand in Q1 2026 from $251 thousand in Q1 2025.
- International revenue surged to $1.12 million in Q1 2026 from $50 thousand in Q1 2025.