MINNETONKA, Minn., Nov. 13, 2025 /PRNewswire/ -- Electro-Sensors, Inc. $(ELSE)$, a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the third quarter ended September 30, 2025.
-- Record quarterly revenue of $2,748,000, up 9.4% from the prior-year
period
-- Gross margin of 53.1%
-- Cash and investments of approximately $10.6 million
Selected Financial Information (unaudited, in thousands, except per share data)
Q3 2025 Q3 2024 Change
----------- ---------- -----------
Net Sales $2,748 $2,512 9.4%
Gross Margin 53.1% 50.4% 270 bps
Operating Income $ 181 $ 173 4.6%
Operating Income Margin 6.6% 6.9% (30) bps
Income Before Income Taxes $ 272 $ 290 (6.2)%
Earnings Per Share (diluted) $ 0.06 $ 0.07 (14.3)%
Net sales in the third quarter increased 9.4% to $2,748,000 from $2,512,000 in the prior-year quarter. For the first nine months of 2025, net sales increased 5.9% to $7,387,000 from $6,973,000 in the comparable prior-year period. Gross margin for the 2025 third quarter was 53.1%, up from 50.4% in the corresponding quarter in 2024.
"We are pleased to report record quarterly revenue during the 2025 third quarter, driven by improved sales through our industrial automation distribution channels and higher OEM sales," said David L. Klenk, Electro-Sensors' president. "Furthermore, gross margin increased during the quarter as we continue to carefully manage our supply chain, while also benefiting from sales price adjustments implemented earlier in the year."
A full analysis of results for the period ended September 30, 2025 is available in the Company's Form 10-Q, which is available on the Company's website at www.electro-sensors.com or through the Securities and Exchange Commission's Edgar database at www.sec.gov.
Electro-Sensors, Inc. Statements of Income For the Three and Nine Months
Ended September 30, 2025 and 2024 (unaudited) (in thousands except share
and per share amounts)
Three Months Ended September 30,
2025 2024
------------------- ---------------
Sales $ 2,748 $ 2,512
Cost of goods sold 1,290 1,247
--- -------------- --------------
Gross profit 1,458 1,265
Operating expenses 1,277 1,092
--- -------------- --------------
Operating income 181 173
Non-operating income, net 91 117
--- -------------- --------------
Income before income taxes 272 290
Provision for income taxes 64 52
--- -------------- --------------
Net income $ 208 $ 238
=== ============== ==============
Earnings per share -- diluted $ 0.06 $ 0.07
Average shares outstanding -
diluted 3,473,921 3,434,417
Nine Months Ended September 30,
2025 2024
------------------ -----------------
Sales $ 7,387 $ 6,973
Cost of goods sold 3,617 3,581
-------------- -------------
Gross profit 3,770 3,392
Operating expenses 3,760 3,426
-------------- -------------
Operating income (loss) 10 (34)
Non-operating income, net 261 342
-------------- -------------
Income before income taxes 271 308
Provision for income taxes 68 63
-------------- -------------
Net income $ 203 $ 245
============== =============
Earnings per share -- diluted $ 0.06 $ 0.07
Average shares outstanding -
diluted 3,453,585 3,440,382
Electro-Sensors, Inc.
Balance Sheets
September 30, 2025 and December 31, 2024
(in thousands)
September 30, December 31,
2025 2024
--------------- --------------
Assets (unaudited)
Current Assets
Cash and investments $ 10,627 $ 10,004
Trade receivables, net 1,425 1,309
Inventories 2,070 1,964
Other current assets 318 197
----------- ----------
Total current assets 14,440 13,474
Deferred income tax asset, long-term 437 501
Property and equipment, net 860 910
----------- ----------
Total assets $ 15,737 $ 14,885
=========== ==========
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable and accrued expenses $ 1,049 $ 552
----------- ----------
Total current liabilities 1,049 552
Stockholders' equity
Common stock 348 344
Additional paid-in capital 2,508 2,360
Retained earnings 11,832 11,629
Total stockholders' equity 14,688 14,333
----------- ----------
Total liabilities and stockholders'
equity $ 15,737 $ 14,885
=========== ==========
About Electro-Sensors
Electro-Sensors, Inc. is an industry leading designer and manufacturer of rugged and reliable machine monitoring sensors and wireless/wired hazard monitoring systems applied across multiple industries and applications. These products improve processes by protecting people, safeguarding systems, reducing downtime, and preventing waste. Electro-Sensors is proud to be an ISO9001:2015 quality certified company and is committed to providing excellent customer service and technical support. Founded in 1968 and located in Minnetonka, Minnesota, Electro-Sensors provides its loyal customers with reliable products that improve safety and help plants operate with greater efficiency, productivity and control.
Cautionary Statement Regarding Forward Looking Statements
This press release may include statements about possible or anticipated future financial performance, business activities, plans, or opportunities. These forward-looking statements may include the words "will," "should," "believes," "expects," "anticipates," "intends" or similar expressions. For these forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Forward-looking statements reflect the company's current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact. These forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC that could cause actual performance, activities, plans, or opportunities after the date the statements are made to differ significantly from those indicated in the forward-looking statements.
For more information please visit our website at: www.electro-sensors.com. Also look us up on:
LinkedIn: linkedin.com/company/electro-sensors-inc-
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SOURCE Electro-Sensors, Inc.
(END) Dow Jones Newswires
November 13, 2025 15:30 ET (20:30 GMT)