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Infrared Cameras Holdings Inc (MSAI)

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Upturn Advisory Summary
01/05/2026: 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 24.76M 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 -0.17 | 52 Weeks Range 0.25 - 2.40 | Updated Date 01/5/2026 |
52 Weeks Range 0.25 - 2.40 | Updated Date 01/5/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.24 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 23725214 | Price to Sales(TTM) 4.45 |
Enterprise Value 23725214 | Price to Sales(TTM) 4.45 | ||
Enterprise Value to Revenue 4.26 | Enterprise Value to EBITDA -2.05 | Shares Outstanding 80133381 | Shares Floating 16081846 |
Shares Outstanding 80133381 | Shares Floating 16081846 | ||
Percent Insiders 9.37 | Percent Institutions 40.47 |
Upturn AI SWOT
Infrared Cameras Holdings Inc

Company Overview
History and Background
Infrared Cameras Holdings Inc. (IRCH) was a publicly traded company focused on the development, manufacturing, and marketing of infrared cameras and related imaging products. While specific founding dates and detailed historical milestones are not readily available for this entity, its operational focus was within the niche market of thermal imaging technology. The company likely aimed to capitalize on the growing demand for non-contact temperature measurement, condition monitoring, and security applications.
Core Business Areas
- Infrared Camera Systems: Design, production, and sale of a range of infrared cameras, including handheld, board-level, and custom-designed systems for various industrial, commercial, and scientific applications.
- Software and Accessories: Development and provision of accompanying software for image analysis, data processing, and control of infrared cameras, along with essential accessories like lenses and power supplies.
Leadership and Structure
Information regarding the specific leadership team and detailed organizational structure of Infrared Cameras Holdings Inc. is not publicly available. As a publicly traded entity, it would have been overseen by a board of directors and managed by a team of executives responsible for its operations and strategic direction.
Top Products and Market Share
Key Offerings
- Infrared Cameras: Infrared Cameras Holdings Inc. likely offered a portfolio of thermal imaging cameras varying in resolution, temperature sensitivity, and form factor. Specific market share data for individual products is not available. Key competitors in this space include FLIR Systems (now Teledyne FLIR), Axis Communications, and Seek Thermal.
Market Dynamics
Industry Overview
The infrared camera market is characterized by technological advancements driving demand across various sectors, including industrial inspection (predictive maintenance), building diagnostics, security and surveillance, automotive, and medical imaging. Growth is fueled by increasing awareness of the benefits of thermal imaging for efficiency, safety, and early problem detection.
Positioning
Infrared Cameras Holdings Inc. was positioned as a specialized provider of infrared imaging solutions. Its competitive advantages would have stemmed from its technological expertise, product innovation, and ability to serve niche market demands within the broader thermal imaging industry. However, it faced strong competition from larger, more established players.
Total Addressable Market (TAM)
The global thermal imaging market is substantial and projected to grow significantly. Reports suggest the market size was in the billions of US dollars and expected to reach tens of billions in the coming years. Infrared Cameras Holdings Inc. would have targeted a segment of this TAM based on its product offerings and market focus.
Upturn SWOT Analysis
Strengths
- Specialized expertise in infrared imaging technology.
- Potential for innovative product development in a growing market.
- Niche market focus allowing for tailored solutions.
Weaknesses
- Limited brand recognition compared to larger competitors.
- Potential resource constraints for research and development and market penetration.
- Reliance on a niche market could be a vulnerability.
- Limited publicly available financial and operational data makes a comprehensive assessment difficult.
Opportunities
- Increasing adoption of thermal imaging in industrial automation and IoT.
- Growth in the security and surveillance sectors requiring advanced imaging.
- Emerging applications in areas like electric vehicle battery inspection and renewable energy infrastructure.
- Partnerships with system integrators and distributors to expand market reach.
Threats
- Intense competition from established players with significant market share and R&D budgets.
- Rapid technological advancements requiring continuous innovation.
- Economic downturns affecting capital expenditure in target industries.
- Potential regulatory changes impacting the use of imaging technology.
Competitors and Market Share
Key Competitors
- FLIR Systems (now Teledyne FLIR)
- Axis Communications
- Seek Thermal
- Raytheon Technologies Corporation (through its defense and aerospace segments)
Competitive Landscape
Infrared Cameras Holdings Inc. operated in a highly competitive landscape dominated by larger players with established product lines, extensive distribution networks, and significant R&D capabilities. Its advantages would have been its specialization and potential agility, while disadvantages included scale and brand recognition.
Growth Trajectory and Initiatives
Historical Growth: Specific historical growth trends for Infrared Cameras Holdings Inc. are not documented in publicly accessible financial reports.
Future Projections: Future growth projections for Infrared Cameras Holdings Inc. are not available, as specific analyst coverage for this entity is limited or non-existent.
Recent Initiatives: Information on recent strategic initiatives undertaken by Infrared Cameras Holdings Inc. is not publicly disclosed.
Summary
Infrared Cameras Holdings Inc. was a specialized player in the infrared imaging market, facing intense competition from larger entities. Its success would have hinged on technological innovation and niche market penetration. However, the lack of readily available financial and operational data suggests potential challenges in terms of scale, market visibility, and sustained growth. The company needs to focus on differentiation and strategic partnerships to thrive in this dynamic industry.
Similar Stocks
Sources and Disclaimers
Data Sources:
- General industry reports on thermal imaging market.
- Information available from financial news archives and public company databases (limited for IRCH).
- Competitor information derived from market analysis.
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. Specific financial data and historical details for Infrared Cameras Holdings Inc. are scarce. The AI-based rating is an automated assessment based on available inputs and should not be considered financial advice. Investors should conduct their own due diligence.
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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