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.
Electro-Sensors, Inc. designs and manufactures industrial machine monitoring sensors, process-control products, and wired and wireless hazard monitoring systems. Its updates center on operating and financial results, including sales trends across wired sensor products and HazardPRO wireless monitoring systems used in industrial and agricultural applications.
Company news also covers industrial automation distribution activity, OEM sales channels, manufacturing efficiency, pricing and gross-margin commentary, and public-company matters such as material agreements, shareholder votes, capital-structure disclosures, and governance matters.
Electro-Sensors reported Q1 FY22 revenue of $2.14 million, a 12.3% year-over-year increase. Gross margin improved to 54.6%, up 250 basis points from the previous year, highlighting effective cost management amidst global supply chain challenges. However, the company faced an operating loss of $14,000, increasing from a $4,000 loss in Q1 FY21. Net loss for the quarter was $9,000, compared to $2,000 the year prior. Cash and investments stood at approximately $9.7 million.
Electro-Sensors, Inc. (NASDAQ: ELSE) reported record net sales of $8.6 million for the year ending December 31, 2021, marking a 12.9% increase over 2020. The gross margin improved to 54.3%, up from 51.6% the previous year. Operating income rose to $441,000 from a loss of $204,000, resulting in a 5.0% operating margin. Net income reached $410,000, with diluted earnings per share at $0.12, compared to a loss of $0.04 in 2020. Growth was driven by domestic orders in agricultural and industrial sectors.
Electro-Sensors, Inc. (NASDAQ: ELSE) reported record third quarter revenue of $2,154,000, a 13.4% increase year-over-year. Gross margin improved to 55.9% from 52.2% due to enhanced manufacturing efficiency. The company posted a net income of $17,000, recovering from a loss of $46,000 in Q3 2020. Earnings per share rose to $0.01 from a loss of $0.01. Total cash and investments at quarter-end stood at approximately $9.7 million, reflecting solid financial positioning.
Electro-Sensors, Inc. (NASDAQ: ELSE) reported record revenue of $2,462,000 for Q2 2021, up 17.7% from $2,092,000 in Q2 2020. Gross margin improved to 55.9% from 52.5% year-over-year. The company achieved an operating income of $271,000, compared to $19,000 in the prior year, reflecting a significant 1326.3% increase. Earnings per share rose to $0.06, from $0.01 in Q2 2020. Cash and investments totaled approximately $9.6 million.
Electro-Sensors, Inc. (NASDAQ: ELSE) reported first-quarter 2021 results, with revenues at $1,901,000, down 1.1% year-over-year. Despite the decline in sales, the gross margin improved slightly to 52.1%. Operating expenses decreased significantly, resulting in a reduced operating loss of $4,000 compared to $141,000 in Q1 2020. The net loss was $2,000, or $0.00 per diluted share, a notable improvement from $91,000 the prior year.
International sales saw positive trends, especially in the HazardPRO product line.
Electro-Sensors, Inc. (NASDAQ: ELSE) reported Q3 2020 financial results, revealing a 7.3% decline in revenue to $1,899,000 compared to $2,049,000 in Q3 2019. The gross margin was 52.2%, a slight decrease from 52.4% the previous year. An operating loss of $54,000 was reported, significantly worse than last year’s $18,000 loss, contributing to a negative EPS of $(0.01). The ongoing COVID-19 pandemic continues to hinder sales, particularly in the HazardPRO wireless systems segment.
Electro-Sensors reported Q2 2020 revenue of $2,092,000, down 7.4% from $2,260,000 in Q2 2019, marking the first full quarter impacted by the pandemic. Gross margin decreased to 52.5%, with operating income dropping 78.4% to $19,000. Earnings per share fell 66.7% to $0.01. Despite cash and investments totaling $9.1 million, the company incurred a net loss of $73,000 for the first half of 2020, compared to a profit of $72,000 in 2019.