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Multisensor AI Holdings
(NASDAQ:MSAI)
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Rating:46Neutral
Price Target:
$4.50
▼(-7.02% Downside)
Action:Reiterated
Date:07/21/26
MSAI scores low primarily due to weak operating fundamentals: very low gross margin, sizable ongoing losses, and negative/worsening free cash flow. Technicals add pressure as the stock trades below key moving averages with negative MACD. Offsetting factors include a de-risked balance sheet with zero debt and positive equity, plus supportive corporate developments (Nasdaq compliance and incentive alignment), but these are not yet enough to outweigh execution risk.
Positive Factors
De-risked balance sheet
Zero reported debt and a positive equity base materially reduce refinancing and leverage risk, giving management optionality to fund operations or strategic initiatives. This cleaner capital structure provides a stable runway while the company works to fix margins and cash flow.
Negative Factors
Very low gross margin
A ~7% gross margin constrains the firm's ability to cover operating expenses and achieve operating leverage. Durable margin weakness forces dependence on scale or structural product/pricing changes to reach profitability, making long-term margin recovery challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet
Zero reported debt and a positive equity base materially reduce refinancing and leverage risk, giving management optionality to fund operations or strategic initiatives. This cleaner capital structure provides a stable runway while the company works to fix margins and cash flow.
Read all positive factors
Multisensor AI Holdings (MSAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.59M
Dividend YieldN/A
Average Volume (3M)35.64K
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue Growth-4.80%
EPS Growth79.70%
CountryUS
Employees21
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-9.91
Shares Outstanding2,019,434
10 Day Avg. Volume20,837
30 Day Avg. Volume35,639
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.34
Price to Sales (P/S)1.94
P/FCF Ratio-1.11
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4
Revenue Forecast (FY)$10.80M
Multisensor AI Holdings Business Overview & Revenue Model
Company Description
MultiSensor AI Holdings, Inc. develops and supplies sophisticated multi-sensor systems, primarily for thermal imaging (thermography) and various other industrial uses, both domestically within the United States and across international markets. Th...
How the Company Makes Money
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Multisensor AI Holdings Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.00M | 5.55M | 7.40M | 5.43M | 7.27M | 28.79M |
| Gross Profit | 3.13M | 2.91M | 4.82M | 3.13M | 2.30M | 18.50M |
| EBITDA | -8.40M | -10.45M | -20.76M | -21.09M | -11.41M | 4.06M |
| Net Income | -9.75M | -11.71M | -21.50M | -22.27M | -13.29M | 2.31M |
Balance Sheet | ||||||
| Total Assets | 32.84M | 35.47M | 15.48M | 16.37M | 17.46M | 24.70M |
| Cash, Cash Equivalents and Short-Term Investments | 22.55M | 24.36M | 4.36M | 1.16M | 654.00K | 3.37M |
| Total Debt | 0.00 | 0.00 | 310.00K | 7.23M | 20.62M | 18.39M |
| Total Liabilities | 3.12M | 3.44M | 3.19M | 16.64M | 25.67M | 20.27M |
| Stockholders Equity | 29.72M | 32.03M | 12.29M | -268.00K | -8.21M | 4.44M |
Cash Flow | ||||||
| Free Cash Flow | -7.85M | -9.65M | -18.23M | -6.09M | -4.77M | 3.00M |
| Operating Cash Flow | -6.53M | -8.02M | -15.57M | -4.55M | -3.17M | 4.41M |
| Investing Cash Flow | -1.29M | -1.61M | -2.67M | -1.51M | -1.60M | -1.41M |
| Financing Cash Flow | 25.57M | 29.58M | 21.59M | 6.56M | 2.05M | -4.04M |
Multisensor AI Holdings Risk Analysis
Multisensor AI Holdings disclosed 78 risk factors in its most recent earnings report. Multisensor AI Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Multisensor AI Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | $80.27M | -1.76 | -83.01% | ― | 115.65% | 39.03% | |
46 Neutral | $9.59M | -0.48 | -48.87% | ― | -4.80% | 79.70% | |
46 Neutral | $79.14M | -7.39 | -162.16% | ― | 515.72% | 81.42% | |
45 Neutral | $17.52M | -1.48 | -129.84% | ― | -3.21% | 56.91% | |
41 Neutral | $7.33M | -1.94 | -88.69% | ― | 20.31% | 90.57% |
* Technology Sector Average
MSAI
Multisensor AI Holdings
5.32
-25.88
-82.95%
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Multisensor AI Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
Multisensor AI Updates Executive Equity Compensation Framework
Positive
Jul 20, 2026
Effective July 16, 2026, Multisensor AI Holdings’ board approved new grants of restricted stock units and performance-based stock units to CEO Asim Akram and CFO Robert Nadolny, tied to multi‑year vesting schedules and revenue targets ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Multisensor AI Shareholders Back Board and Incentive Plan
Positive
Jun 18, 2026
Multisensor AI Holdings held its Annual Meeting on June 12, 2026, with approximately 64.7% of outstanding common stock represented. Shareholders elected directors Margaret Chu, Stuart (“Trip”) V. Flavin III, Daniel Friedberg, David Gow...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.