Highest-materiality recent filing
MultiSensor AI Q1 revenue $1.6M (+38% YoY); net loss narrows 44% to $2.5M
Software revenue surged 169% YoY to $0.7M, driving total revenue growth.
MultiSensor AI FY2025 revenue $5.6M (-25% YoY), software up 88%, net loss narrows 46%
Software revenue $1.9M (+88% YoY); total revenue $5.6M (-25% YoY).
MultiSensor AI enters $60M ATM equity offering with Roth Capital and H.C. Wainwright
ATM sales agreement allows sale of up to $60M of common stock; agents earn 3% commission.
MultiSensor AI stockholders approve private placement and reverse stock split
Stockholders approved issuance of up to 27.26M common shares and 54.52M warrants for $11.15M gross proceeds (remaining from $14M total private placement).
Nasdaq grants MultiSensor AI additional 180 days to regain $1 bid price compliance
Nasdaq extended compliance deadline to May 11, 2026, after bid price fell below $1 on Nov 14.
MultiSensor AI Q3 net loss down 80% YoY to $1.7M; software revenue surges 114%
Revenue $1.6M (flat YoY, +11% QoQ); gross margin 64% (down 3pp YoY, +40pp QoQ).
MultiSensor AI raises $14.4M in registered direct offering of common stock and pre-funded warrants
Offering includes 4,595,000 shares at $1.35/share and pre-funded warrants for 6,100,000 shares at $0.0001 exercise price.
MultiSensor AI raises $14M in private placement of common stock and warrants at $0.409/share
Gross proceeds $14M; initial closing of $2.85M on Oct 30 issued 6,970,890 shares and warrants for 13,941,780 shares.
MultiSensor AI Q2 revenue falls 33% YoY to $1.4M; software revenue up 37%
Revenue $1.4M, down 33% from $2.1M in Q2 2024.
MultiSensor AI dismisses Deloitte & Touche, appoints Weaver as new auditor
Deloitte dismissed effective June 4, 2025; no disagreements or reportable events, except prior material weakness now remediated.
MultiSensor AI appoints Asim Akram CEO effective June 23; CCO Baird resigns
Asim Akram appointed CEO and President effective June 23, 2025; interim CEO Flavin remains on board.
MultiSensor AI receives Nasdaq bid price deficiency notice for MSAI common stock
On May 15, 2025, Nasdaq notified MSAI that its common stock bid price closed below $1.00 for 30 consecutive business days.
MultiSensor AI Q1 revenue down 49% to $1.2M; net loss per share improves 58% to $0.14
Revenue $1.2M (down 49% YoY); software revenue up 25% to $0.25M.
MultiSensor AI FY24 revenue $7.4M (+36%); net loss per share improves 70%
FY 2024 revenue $7.4M (+36% YoY); net loss per share $1.07 (improved 70% YoY).
MultiSensor AI appoints Flavin Interim President, Nadolny CFO; Winch steps down, Baird named CCO
Stuart V. Flavin III, already Interim CEO, appointed Interim President effective January 6, 2025.
MultiSensor AI CEO Gary Strahan resigns; director Stuart Flavin appointed Interim CEO
Stuart V. Flavin, III appointed Interim CEO effective Nov 26, 2024, succeeding Gary Strahan who resigned.
MultiSensor AI Q3 revenue $1.6M (+7% YoY); cash jumps to $8.6M after $26.5M equity raise
Q3 revenue $1.6M (+7% YoY); YTD revenue $6.0M (+57% YoY).
Q2 2024 revenue $2.1M (+59% YoY); H1 2024 revenue $4.4M (+90% YoY).
Public offering raised $11.5M gross (6.25M shares at $1.60 plus fully exercised 937,500-share over-allotment).
MultiSensor AI regains Nasdaq compliance; monitored through June 2025
Nasdaq Panel confirmed compliance with $2.5M stockholders' equity rule.
MultiSensor AI Q1 revenue up 132% YoY to $2.3M; ARR surges 450% to $2.5M
Revenue $2.275M, up 132% YoY from $980k.
MSAI enters $25M equity line with B. Riley Principal Capital II
Up to $25M of newly issued common stock at Company's discretion over 36 months from Commencement Date.
MultiSensor AI wins Nasdaq continued listing; converts $1.65M notes to common stock
Nasdaq Panel granted continued listing subject to filing Q1 10-Q with >$2.5M stockholders equity by May 15, 2024.
Shareholders representing 59.4% voting power approved amendments to convertible notes and loan obligations.
MultiSensor AI converts $4.475M notes & $200K loan to boost equity for Nasdaq compliance
Converted $4.475M in convertible notes and $200K loan into common stock; issued 663,318 shares including inducement shares.
Earnout provision terminated effective March 7, 2024; up to 2,400,000 shares would have been issued upon certain triggers.
MultiSensor AI receives Nasdaq delisting notice for low market value of listed securities
Received Nasdaq notice on Feb 13, 2024 for failing minimum $50M Market Value of Listed Securities (MVLS) requirement.
Nasdaq notified Company on Dec 20, 2023 of non-compliance with initial listing Rule 5405(a): min 1.1M unrestricted publicly held shares and 400 round lot holders.
Infrared Cameras Holdings closes SPAC merger; faces Nasdaq listing deficiency
Business combination closed Dec 19, 2023; Legacy ICI merged into SMAP, now Infrared Cameras Holdings (MSAI, MSAIW).
All 7 proposals approved, including the Business Combination Agreement with Infrared Cameras Holdings.
$6.805M in convertible promissory notes issued to investors, including $4.3M cash proceeds.
SportsMap Tech raises $6.8M in convertible notes for ICI merger
Subscription agreement for $6.805M convertible notes; $4.3M net cash, $1.48M exchanged for existing SportsMap notes, $1M rolled over from ICI note.
SportsMap Tech Acquisition Corp. to merge with Infrared Cameras Holdings at $149M enterprise value
Transaction implies pro forma enterprise value of $149M, 6.7x NTM revenue of $22.1M.
appointed Asim Akram as the Company’s Chief Executive Officer and President, effective June 23, 2025
Stuart V. Flavin III, the Company’s Interim Chief Executive Officer and Interim President, agreed to transition out of these positions on the CEO Effective Date but will remain a member of the Board.
appointed Stuart V. Flavin III, the Company's Interim Chief Executive Officer, to also serve as the Company's Interim President, effective January 6, 2025
appointed Robert Nadolny, Vice President – Controller of the Company, as the Company's Chief Financial Officer
Steven Winch, the Company's President, transitioned out of this position on the Effective Date but remains a member on the Board and will continue to serve as an employee of the Company in the role of Senior Advisor
Mr. Baird, the Company's Chief Financial Officer and principal financial officer and principal accounting officer, transitioned out of these positions on the Effective Date, and was appointed Chief Commercial Officer of the Company.
Gary Strahan, who resigned as the Company’s Chief Executive Officer, effective as of the Effective Date
On July 1, 2024, in connection with the closing of the Private Placement and in accordance with the Purchase Agreement, Board unanimously voted to increase the size of the Board from six to seven directors, and to appoint Mr. Daniel M. Friedberg to fill the newly created Board position, to serve until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal.
Effective upon the consummation of the Business Combination, the Company entered into an amended and restated employment agreement with Gary Strahan, its Chief Executive Officer, Steve Winch, its President, and Peter Baird, its Chief Financial Officer.
Effective upon the consummation of the Business Combination, the Company entered into an amended and restated employment agreement with Gary Strahan, its Chief Executive Officer, Steve Winch, its President, and Peter Baird, its Chief Financial Officer.
Effective upon the consummation of the Business Combination, the Company entered into an amended and restated employment agreement with Gary Strahan, its Chief Executive Officer, Steve Winch, its President, and Peter Baird, its Chief Financial Officer.
On the effective date of the Registration Statement, Reid Ryan, David Graff, Steve Webster, and Oliver Luck were appointed to the board of directors of the Company.
Max materiality 0.85 · Median 0.65 · Most common event other_material