MultiSensor AI Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
MSAI$3.05-4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (unaudited)
Condensed Consolidated Statements of Operations
(Amounts in thousands of U.S. dollars, except share and per share data)
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended September 30, · · Nine Months Ended September 30, | ||||||||||||
| · · 2025 · · 2024 · · 2025 · · 2024 | ||||||||||||
| Revenue, net | $1,574 | $1,602 | $4,163 | $6,002 | ||||||||
| Cost of goods sold (exclusive of depreciation) | | | 566 | | | 533 | | | 2,126 | | | 2,240 |
| Inventory impairment | | — | | 2,038 | | — | | 2,272 | ||||
| Operating expenses: | | | | | | | ||||||
| Selling, general and administrative | | 2,164 | | 6,098 | | 9,212 | | 12,072 | ||||
| Share-based compensation expense | | | 205 | | | 29 | | | 1,535 | | | 3,355 |
| Depreciation | | 342 | | 307 | | 952 | | 878 | ||||
| Loss (gain) on asset disposal | | | (9) | | | 342 | | | (33) | | | 342 |
| Other loss | | | — | | | 930 | | | — | | | 930 |
| Total operating expenses | | 2,702 | | 7,706 | | | 11,666 | | | 17,577 | ||
| Operating loss | | | (1,694) | | | (8,675) | | | (9,629) | | | (16,087) |
| Interest expense (income), net | | (5) | | — | | (20) | | 63 | ||||
| Change in fair value of convertible notes | | — | | — | | — | | 475 | ||||
| Change in fair value of warrants liabilities | | | — | | | — | | | — | | | (38) |
| Loss on financing transaction | | | — | | | — | | | — | | | 1,381 |
| Other expense (income), net | | (1) | | (85) | | (181) | | 893 | ||||
| Loss before income taxes | | | (1,688) | | | (8,590) | | | (9,428) | | | (18,861) |
| Income tax expense (benefit) | | | (11) | | | (395) | | | 7 | | | (351) |
| Net loss | | $(1,677) | | $(8,195) | | $(9,435) | | $(18,510) | ||||
| Weighted-average shares outstanding, basic and diluted | | | | | | | ||||||
| Basic | | 34,495,208 | | 24,268,186 | | 33,554,326 | | 16,639,114 | ||||
| Diluted | | 34,495,208 | | 24,268,186 | | 33,554,326 | | 16,639,114 | ||||
| Net loss per share, basic and diluted | | | | | | | | | ||||
| Basic | | $(0.05) | | $(0.34) | | $(0.28) | | $(1.11) | ||||
| Diluted | | (0.05) | | (0.34) | | (0.28) | | (1.11) | ||||
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