Infrared Cameras Holdings Inc

Earnings data Q1 2024

Earnings data Q4 2023

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MultiSensor AI Holdings, Inc. develops and manufactures infrared-sensor systems. Its AWS-powered software leverages ICI-built thermal imaging, acoustic imaging, and vibration sensing platforms for condition-based monitoring of critical mechanical and electrical assets and manufactured outputs. The company was founded in 1995 and is headquartered in Beaumont, TX.

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Strong top-line expansion and balance sheet improvements support the foundation for further growth HOUSTON, TX / ACCESSWIRE / May 16, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial condition-based maintenance and process control solutions announced results for the first quarter ended March 31, 2024. Financial Highlights for Q1 2024: Revenue increased 132% year over year from $980k to $2,275k Annual recurring revenue1 increased more than 450% from approximately $425k to $2,500k Completed conversion of $7.05 million of convertible notes and other debts to equity(including conversions subsequent to Q1) Strategic Business Highlights: The Company continued its revenue expansion with launch customers and initiated SaaS contract with new enterprise customers.

MultiSensor AI Announces First Quarter 2024 Results

The conversion fortifies the balance sheet, while improving the capital structure by eliminating a significant portion of its debt obligations BEAUMONT, TX / ACCESSWIRE / May 3, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial predictive maintenance and process control solutions, today announced the conversion of $6,555,000 of its convertible notes to equity. Following the transaction, $250,000 of the $6,805,000 of notes originally issued in connection with the Company's business combination on December 19, 2023, remain outstanding.

MultiSensor AI Announces Investor Agreements for the Conversion of $6.555 Million Convertible Debt to Equity

HOUSTON, TX / ACCESSWIRE / April 18, 2024 / MultiSensor AI Holdings, Inc. (Nasdaq:MSAI), a leader in the emerging AI-driven predictive maintenance space, today announced that it has reorganized its thermal inspections services into a newly launched multi-sensor business, MSAI Inspection Services. MSAI has long been a leader in providing thermal inspections to a range of enterprise customers, particularly in the healthcare and industrial spaces.

MultiSensor AI Announces Launch of MSAI Inspections Business

Completed business combination with SportsMap Tech Acquisition Corp. and began trading on December 20, 2023 Demonstrated strong momentum in sales pipeline saturated with global blue-chip companies BEAUMONT, TX / ACCESSWIRE / April 1, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial predictive maintenance and process control solutions, today announced results for the fourth quarter and full year ended December 31, 2023. Strategic Business Highlights: Completed business combination agreement with SportsMap Tech Acquisition Corp Executed a corporate rebrand changing the Company's name to MultiSensor AI which aligns with the Company's goals to provide AI-driven multi-sensor software solutions in the predictive maintenance market Unveiled new SmartIR 2.0 software platform which added new sensor modalities and AI-powered analytic capabilities to its existing platform Subsequent to quarter end, the Company announced the waiver of earnout share issuances and release of lock-up restrictions David Gow, Multisensor AI's chairman, commented, "I am pleased to report the results of Multisensor AI's first quarter as a public company.

MultiSensor AI Announces Fourth Quarter and Full Year 2023 Results

HOUSTON, TX / ACCESSWIRE / March 7, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a leader in the emerging AI-driven predictive maintenance space, today announced that it had entered into an agreement (the "Earnout Waiver Agreement") to terminate a provision of its Business Combination Agreement (the "Earnout Provision") with SportsMap Tech Acquisition Corp., dated December 5, 2022. The Earnout Provision would have required the Company to issue of up to 2,400,000 shares of the Company's common stock to certain former stakeholders of Infrared Cameras Holdings, Inc., the target operating company that was party to the business combination.

MultiSensor AI Announces Waiver of Earnout Share Issuance and Release of Lock-Up Restrictions

The event will mark MSAI's first investor-facing event as a public entity HOUSTON, TX / ACCESSWIRE / February 22, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial predictive maintenance and process control solutions, announced today that it will be presenting at the 36th Annual ROTH Conference March 17-19, 2024, at The Ritz Carlton Laguna Niguel in Dana Point, California. Steve Winch, President, Peter Baird, Chief Financial Officer, and Jeff Guida, Chief Innovation Officer, will be presenting to investors, highlighting the Company's recent commercial breakthroughs, technology upgrades, and the overarching growth strategy.

MultiSensor AI to Present at the 36th Annual ROTH Conference March 17-19, 2024, in Dana Point, California

Revolutionary Predictive Maintenance and Process Control Solution Adds New Sensor Modalities and AI-Powered Analytics Capabilities HOUSTON, TX / ACCESSWIRE / February 15, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial maintenance and process control solutions, announced today that it has released the next generation of its flagship software, SmartIR. The release of SmartIR 2.0 marks a significant milestone in MultiSensor AI's mission: to empower industrial organizations with predictive, AI-powered solutions for advanced asset reliability, process control, and employee health and safety.

MultiSensor AI Unveils SmartIR 2.0 Software Platform

Name Change Reflects Evolution into SaaS Leader in Industrial Predictive Maintenance HOUSTON, TX / ACCESSWIRE / February 12, 2024 / Infrared Cameras Holdings, Inc., a leader in the emerging AI-driven predictive maintenance space, is pleased to announce that as of February 9, 2024 it has changed its name to MultiSensor AI Holdings, Inc. ("MultiSensor AI"). The Company's NASDAQ ticker symbol, MSAI, will remain unchanged.

Infrared Cameras Holdings, Inc. Changes Its Name to MultiSensor AI Holdings, Inc. - A Bold New Chapter in MultiSensor AI's Journey

Infrared Cameras (NASDAQ:MSAI) stock is on the rise Thursday despite a lack of news from the tech company this morning. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is up today.

Why Is Infrared Cameras (MSAI) Stock Up 137% Today?

SportsMap Tech Acquisition Corp

Note: A prior version of this press release incorrectly indicated that a halt would be placed on the company's securities pending the company demonstrating that it satisfies the initial listing criteria for NASDAQ. The newly public, Infrared Cameras Holdings, Inc., will offer innovative solutions through its integrated thermal imaging and sensing platforms BEAUMONT, TX / ACCESSWIRE / December 19, 2023 / Infrared Cameras Holdings, Inc., a privately-held transformational solutions provider of a suite of thermal imaging and sensing platforms, paired with edge and cloud software, today closed its previously announced business combination with SportsMap Tech Acquisition Corp. (NASDAQ:SMAP), a publicly-traded special purpose acquisition company.

CORRECTION: Infrared Cameras Announces Closing of Business Combination with SportsMap Tech Acquisition Corp.

The newly public, Infrared Cameras Holdings, Inc., will offer innovative solutions through its integrated thermal imaging and sensing platforms BEAUMONT, TX / ACCESSWIRE / December 19, 2023 / Infrared Cameras Holdings, Inc., a privately-held transformational solutions provider of a suite of thermal imaging and sensing platforms, paired with edge and cloud software, today closed its previously announced business combination with SportsMap Tech Acquisition Corp. (NASDAQ:SMAP), a publicly-traded special purpose acquisition company. The business combination was approved by SMAP's stockholders at a special meeting of stockholders held on December 8, 2023.

Infrared Cameras Announces Closing of Business Combination with SportsMap Tech Acquisition Corp.

News for Infrared Cameras Holdings Inc Stock (MSAI)