MultiSensor AI | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 1.574 M

Revenue: As of FY2025 Q3, the actual value is USD 1.574 M, missing the estimate of USD 1.7 M.

EPS: As of FY2025 Q3, the actual value is USD -0.05.

EBIT: As of FY2025 Q3, the actual value is USD -1.699 M.

Segment Revenue

• Third quarter revenue was $1.6 million, consistent with the third quarter of 2024, representing an increase of $0.2 million, or 11%, quarter over quarter.
• Software revenue grew to $0.6 million in the third quarter of 2025, representing an increase of $0.3 million, or 114%, compared to the third quarter of 2024, and an increase of $0.2 million, or 54%, quarter over quarter.

Operational Metrics

• Gross margin was 64% in the third quarter of 2025, a decrease of 3% compared to the third quarter of 2024, and an increase of 40% quarter over quarter.
• Third quarter net loss was $1.7 million, a decrease of $6.5 million, or 80%, compared to the third quarter of 2024, and a decrease of $1.6 million, or 50%, quarter over quarter.
• Operating loss for the third quarter was $1.694 million, compared to $8.675 million in the third quarter of 2024.

Cash Flow

• The report does not provide specific figures for operating cash flow or free cash flow.

Unique Metrics

• As of September 30, 2025, approximately 665 active sensors were connected to the MSAI Connect platform, representing a 9% increase quarter over quarter and a 167% increase year over year.

Outlook / Guidance

• The company announced two capital raises shortly after quarter-end totaling approximately $26 million, net of offering expenses, enhancing financial flexibility for focused investment in the platform.
• The company is focused on delivering sustainable growth and tangible return on investment for customers, with strategic priorities including cost optimization and expansion into North America.