Business
MultiSensor AI Announces First Quarter 2026 Results
Houston, Texas--(Newsfile Corp. - May 13, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) (the "Company," "MultiSensor AI" or "MSAI") today announced
About this update from Multisensor Ai Holdings, Inc.
[{"type":"text","content":"Houston, Texas--(Newsfile Corp. - May 13, 2026) - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) (the \"Company,\" \"MultiSensor AI\" or \"MSAI\") today announced financial results for the first quarter ended March 31, 2026.\n\"Over the last quarter, we continued to sharpen our strategic focus and strengthen the leadership foundation required to scale the business,\" said Asim Akram, Chief Executive Officer. \"The additions of James Newman as Senior Director of Product Enablement and Todd McKellar as Vice President of Sales bring deep reliability, industrial operations, and go-to-market expertise to the Company. Their leadership has already helped us translate our strategy into more differentiated solutions, stronger customer engagement, and higher-quality commercial opportunities across both existing and prospective accounts.\"\nRobert Nadolny, Chief Financial Officer, continued, \"In the first quarter, we delivered continued growth in our software revenue, reflecting increased adoption of MultiSensor AI's solutions across our customer base. At the same time, disciplined expense management and improving operating efficiency contributed to a narrower net loss year-over-year, demonstrating our progress toward scaling the business while maintaining financial discipline.\"\nFinancial Highlights:\n\n\nFirst quarter revenue was $1.6 million, representing an increase of $0.4 million or 38%, as compared to $1.2 million in the first quarter of 2025.\n\n\nSoftware revenue grew to $0.7 million in the first quarter of 2026, representing an increase of $0.4 million, or 169%, as compared to $0.3 million in the first quarter of 2025.\n\n\nGross margin was 57% in the first quarter of 2026, representing a decrease of 2% as compared to 59% for the first quarter of 2025.\n\n\nFirst quarter net loss was $2.5 million, representing a decrease of $1.9 million, or 44%, as compared to net loss of $4.4 million in the first quarter of 2025.\n\n\nStrategic Business Highlights:\n\n\nDuring the first quarter of 2026, we completed initial deployments at Manchester Airport and a global direct-to-consumer food solutions provider, further validating the applicability of our solutions across complex, mission-critical operations. We also continued expanding our relationship with a large global distribution customer, which recently approved additional projects focus...