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

MultiSensor AI (NASDAQ:MSAI) posted 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 return on equity of 36.08% and a negative net margin of 141.70%. The company had revenue of $1.51 million for the quarter, compared to the consensus estimate of $2.10 million.

MultiSensor AI Price Performance

Shares of NASDAQ:MSAI traded down $0.03 during mid-day trading on Thursday, reaching $3.39. 5,954 shares of the company traded hands, compared to its average volume of 12,072. The company’s 50 day moving average price is $4.22 and its 200-day moving average price is $6.65. The firm has a market cap of $7.49 million, a PE ratio of -0.60 and a beta of -0.17. MultiSensor AI has a 52 week low of $2.80 and a 52 week high of $46.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of MultiSensor AI in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to 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.