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Electro-Sensors Inc - $ELSE STOCK NEWS

Welcome to our dedicated page for Electro-Sensors news (Ticker: $ELSE), a resource for investors and traders seeking the latest updates and insights on Electro-Sensors stock.

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Rhea-AI Summary
Electro-Sensors, Inc. (NASDAQ: ELSE) reported a decrease in annual revenue to $8.6 million, down 5.2% from the prior year. The company's gross margin stood at 49.6%, with cash and investments totaling $9.9 million. Net sales decreased by 5.2% in 2023, with international sales remaining steady at 10.3% of net sales. Despite initial delays in customer projects, sales picked up in the fourth quarter, driven by repeat orders for advanced wireless hazard monitoring systems.
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Electro-Sensors, Inc. (NASDAQ: ELSE) Announces Q3 2023 Financial Results: Revenue of $2,057,000, Gross Margin of 48.3%, and Cash and Investments of $9.9 million. Net sales decreased by 7.2% and gross margin for the 2023 nine-month period was 49.4%, down from 54.0% in 2022.
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Electro-Sensors Inc

Nasdaq:ELSE

ELSE Rankings

ELSE Stock Data

13.92M
1.91M
54.34%
11.67%
0.01%
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Manufacturing
Link
United States of America
MINNETONKA

About ELSE

electro-sensors, inc., designs and manufactures the most reliable machine monitoring sensors and hazard monitoring systems in the industry. since 1968, we have been delivering machine monitoring solutions to customers world-wide. we pride ourselves on supplying easy-to-install, complete systems designed to last for many years of accurate and reliable service. we know that every unintentional machine shutdown costs time and money for our customers. that's why we strive to offer product solutions that provide our customers with vital information about their process, so they can make controlled decisions before a catastrophic machinery failure. our machine monitoring products have identified many problems in process lines and prevented costly shutdowns, equipment damage, product jams, and the subsequent cleanup of wasted product. information about our products can be found on our website or by calling our toll-free phone number. if you need us to adapt one of our standard products to your