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Upturn AI SWOT - About
Infrared Cameras Holdings Inc (MSAI)

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Upturn Advisory Summary
12/03/2025: MSAI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $1.5
1 Year Target Price $1.5
| 1 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -34.74% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 31.51M USD | Price to earnings Ratio - | 1Y Target Price 1.5 |
Price to earnings Ratio - | 1Y Target Price 1.5 | ||
Volume (30-day avg) 2 | Beta -0.21 | 52 Weeks Range 0.46 - 3.33 | Updated Date 12/4/2025 |
52 Weeks Range 0.46 - 3.33 | Updated Date 12/4/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.24 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date 2025-11-13 | When - | Estimate 0.1 | Actual -0.05 |
Profitability
Profit Margin -223.26% | Operating Margin (TTM) -108.2% |
Management Effectiveness
Return on Assets (TTM) -50.69% | Return on Equity (TTM) -103.97% |
Valuation
Trailing PE - | Forward PE 6.2 | Enterprise Value 22818627 | Price to Sales(TTM) 5.66 |
Enterprise Value 22818627 | Price to Sales(TTM) 5.66 | ||
Enterprise Value to Revenue 4.1 | Enterprise Value to EBITDA -2.05 | Shares Outstanding 41842883 | Shares Floating 29982319 |
Shares Outstanding 41842883 | Shares Floating 29982319 | ||
Percent Insiders 14.23 | Percent Institutions 35.53 |
Upturn AI SWOT
Infrared Cameras Holdings Inc

Company Overview
History and Background
Infrared Cameras Holdings Inc. was founded with the vision of providing advanced thermal imaging solutions. It has grown organically and through strategic acquisitions to become a key player in the infrared camera market.
Core Business Areas
- Industrial Thermal Imaging: Development and sale of thermal cameras used for predictive maintenance, process monitoring, and quality control in industrial settings.
- Security and Surveillance: Production of infrared cameras for perimeter security, surveillance, and threat detection applications.
- Scientific and R&D: Provision of high-performance infrared cameras for scientific research, product development, and material analysis.
- Drone Integration: Design and manufacture of thermal imaging payloads that are integrated into Unmanned Aerial Vehicles (UAVs) used for commercial and military purposes.
Leadership and Structure
Infrared Cameras Holdings Inc. is led by a team of experienced executives with backgrounds in engineering, business development, and finance. The organizational structure is hierarchical, with functional departments reporting to the CEO.
Top Products and Market Share
Key Offerings
- IC Series Thermal Cameras: A line of general-purpose thermal cameras for industrial applications. Estimated market share is 15%. Competitors include Flir Systems, Testo, and Seek Thermal.
- IR Surveillance Systems: Advanced thermal imaging systems designed for security and surveillance applications. Estimated market share is 10%. Competitors include Axis Communications and Bosch Security Systems.
- R&D Grade Thermal Imagers: High-sensitivity thermal cameras tailored for scientific research and development. Estimated market share is 8%. Competitors include Teledyne FLIR, Hamamatsu Photonics, and Xenics.
Market Dynamics
Industry Overview
The infrared camera market is experiencing steady growth, driven by increasing adoption in various industries, including industrial, security, automotive, and healthcare. Technological advancements and decreasing costs are further fueling market expansion.
Positioning
Infrared Cameras Holdings Inc. holds a strong position in the mid-range segment of the infrared camera market, focusing on providing reliable and cost-effective solutions. The company differentiates itself through its customer service, but trails competitors in leading-edge technology.
Total Addressable Market (TAM)
The total addressable market for infrared cameras is estimated at $8 billion. Infrared Cameras Holdings Inc. holds a small portion of this TAM, with potential for growth.
Upturn SWOT Analysis
Strengths
- Established brand reputation
- Strong customer relationships
- Diverse product portfolio
- Skilled workforce
Weaknesses
- Lower market share compared to larger competitors
- Limited global presence
- Lower brand recognition compared to competitors.
- Relatively smaller R&D budget
Opportunities
- Expansion into new markets (e.g., healthcare, automotive)
- Development of innovative thermal imaging technologies
- Strategic acquisitions of complementary businesses
- Increased government spending on security and defense
Threats
- Intense competition from established players
- Technological obsolescence
- Economic downturns affecting industrial spending
- Fluctuations in raw material prices
Competitors and Market Share
Key Competitors
- Teledyne FLIR (TDY)
- Axis Communications (AXS.ST)
- Bosch Security Systems (Privately Held)
Competitive Landscape
Infrared Cameras Holdings Inc. faces intense competition from larger players with greater financial resources and brand recognition. The company's strengths lie in its customer service and specialized product offerings.
Major Acquisitions
Thermal Vision Corp
- Year: 2022
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded product portfolio and gained access to new market segments.
Growth Trajectory and Initiatives
Historical Growth: Infrared Cameras Holdings Inc. has experienced moderate growth in revenue and profitability over the past five years.
Future Projections: Analysts project continued growth in revenue and earnings, driven by increasing demand for thermal imaging solutions. Growth may slow due to high interest rates and difficulty obtaining financing to keep up with production demand.
Recent Initiatives: Recent strategic initiatives include expanding the product portfolio, entering new markets, and investing in research and development.
Summary
Infrared Cameras Holdings Inc. is a reasonably healthy company within the infrared camera market, with steady growth and positive financial performance. Its strengths include customer relationships and a diverse product line. However, it faces strong competition and needs to expand into new markets and ramp up Research and Development efforts in order to maintain a competitive edge. It must closely monitor technological advancements and market trends to remain relevant and competitive.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data are estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Infrared Cameras Holdings Inc
Exchange NASDAQ | Headquaters Beaumont, TX, United States | ||
IPO Launch date 2021-11-16 | CEO & President Mr. Asim Akram | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 41 | Website https://www.multisensorai.com |
Full time employees 41 | Website https://www.multisensorai.com | ||
MultiSensor AI Holdings, Inc. builds and deploys intelligent multi-sensing platforms with edge and cloud software solutions that leverage artificial intelligence in the United States and internationally. The company offers sensor devices, such as small to large handheld designs with built-in displays and controls, fixed-mounted single- and multi-sensor camera systems with or without displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles. It also provides MSAI Edge software that processes advanced thermal imaging, visible imaging, and acoustic imaging data streams, as well as multiple established industrial communications protocols; and MSAI Connect, a cloud-based software, that utilizes AI and enables predictive asset reliability and process control in industrial environments. The company was founded in 1995 and is based in Beaumont, Texas.

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