NEWS ER
MultiSensor AI Announces Second Quarter 2024 Results
Positive
Q2 2024 revenue increased 59% year-over-year to $2.1 million
First half 2024 revenue grew 90% year-over-year to $4.4 million
Annual recurring revenue increased 500% to $2.7 million
Raised $26.5 million through public offering and private placement
Converted all remaining convertible notes and debt to equity
Launched Inspections business, expanding service offerings
Announced strategic partnership with Denali Advanced Integration
Negative
None.
Positive
Q2 2024 revenue increased 59% year-over-year to $2.1 million
First half 2024 revenue grew 90% year-over-year to $4.4 million
Annual recurring revenue increased 500% to $2.7 million
Raised $26.5 million through public offering and private placement
Converted all remaining convertible notes and debt to equity
Launched Inspections business, expanding service offerings
Announced strategic partnership with Denali Advanced Integration
Negative
None.
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