MultiSensor AI Holdings, Inc.
For the period ended Mar 31, 2025. Filed May 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.
Mar 31, 2025 · Filed May 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.
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Condensed Consolidated Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands of U.S. dollars*)*
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended | ||||||
| · · March 31, · · March 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Operating Activities · · | ||||||
| Net loss | | $(4,436) | | $(3,922) | ||
| Adjustments to reconcile net loss to net cash: provided by (used in) operating activities | | | | | ||
| Depreciation | | 280 | | 273 | ||
| Non-cash lease expense | | 35 | | 39 | ||
| Deferred income tax expense (benefit) | | 6 | | 29 | ||
| Share-based compensation | | 907 | | — | ||
| Loss (Gain) on disposal of equipment | | | (15) | | | — |
| Loss on financing transaction | | — | | 876 | ||
| Change in fair value of warrants liabilities | | | — | | | (29) |
| Change in fair value of convertible notes | | — | | 475 | ||
| Increase (decrease) in cash resulting from changes in: | | | | | ||
| Trade accounts receivable | | (10) | | 1,763 | ||
| Deferred transaction costs | | — | | 464 | ||
| Inventories | | (375) | | (483) | ||
| Other current assets | | 126 | | 107 | ||
| Other noncurrent assets | | | (37) | | | — |
| Trade accounts payable | | 404 | | 1,583 | ||
| Income taxes payable | | (59) | | 1,565 | ||
| Income taxes receivable | | | — | | | 3 |
| Contract liability | | (263) | | (1,028) | ||
| Other current liabilities | | (162) | | (18) | ||
| Right of use liabilities | | (35) | | (36) | ||
| Accrued expenses | | 468 | | (1,286) | ||
| Contract liabilities, noncurrent | | | (10) | | | 117 |
| Net cash provided by (used in) operating activities | | $(3,176) | | $492 | ||
| Investing Activities | | | | | ||
| Capital expenditures | | (435) | | (571) | ||
| Proceeds from sale of equipment | | | 15 | | | — |
| Net cash used in investing activities | | $(420) | | $(571) | ||
| Financing Activities | | | | | ||
| Proceeds from Equity Line of Credit issuances | | | 4,657 | | | — |
| Repayment of Legacy SMAP promissory notes | | | (172) | | | — |
| Tax payments associated with Share-based compensation transactions | | | (500) | | | — |
| Repayments of First Insurance Funding line of credit | | | — | | | (385) |
| Repayments of related party promissory notes | | | — | | | (200) |
| Net cash provided by (used in) financing activities | | $3,985 | | $(585) | ||
| Net increase/(decrease) in cash, cash equivalents, and restricted cash equivalents | | 389 | | (664) | ||
| Cash, cash equivalents, and restricted cash equivalents beginning of period | | 4,508 | | 1,155 | ||
| Cash, cash equivalents, and restricted cash equivalents end of the period | | $4,897 | | $491 | ||
| | | | | | | |
| Reconciliation of cash, cash equivalents and restricted cash equivalents at end of period | | | | | | |
| Cash and cash equivalents | | $4,747 | | $491 | ||
| Restricted cash equivalents included in other current assets | | | 150 | | | — |
| Cash, cash equivalents, and restricted cash equivalents end of the period | | $4,897 | | $491 | ||
| | | | | | | |
| Supplemental cash flow information | | | | | ||
| Interest paid | | $— | | $4 | ||
| Income tax paid | | 110 | | — | ||
| | | | | | | |
| Non-cash investing and financing transactions | | | | | | |
| Conversion of convertible notes | | $— | | $4,475 | ||
| Conversion of Legacy SMAP promissory loan into common stock | | $— | | $200 | ||
| Proceeds from financing transaction shares | | $— | | $876 | ||
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