Electro-Sensors, Inc. Announces Second Quarter 2025 Financial Results
-
Quarterly revenue of
$2,400,000 , up 8.3% from the prior-year period - Gross margin of 51.2%
-
Cash and investments of approximately
$10.2 million
Selected Financial Information (unaudited, in thousands, except per share data)
|
|
Q2 2025 |
Q2 2024 |
Change |
||||||
|
|
|
$ |
2,400 |
|
$ |
2,217 |
|
8.3 |
% |
|
Gross Margin |
|
|
51.2 |
% |
|
47.2 |
% |
400 |
bps |
|
Operating Loss |
|
$ |
(2) |
|
$ |
(107) |
|
98.1 |
% |
|
Operating Income Margin |
|
|
(0.1) |
% |
|
(4.8) |
% |
470 |
bps |
|
Income Before Income Taxes |
|
$ |
80 |
|
$ |
2 |
|
3900.0 |
% |
|
Earnings Per Share (diluted) |
|
$ |
0.02 |
|
$ |
0.00 |
|
100.0 |
% |
Net sales in the second quarter increased 8.3% to
"We are pleased to report second quarter revenue of
A full analysis of results for the period ended
|
Statements of Income
For the Three and Six Months Ended (in thousands except share and per share amounts)
|
||||||
|
|
Three Months Ended |
|||||
|
|
2025 |
|
2024 |
|
||
|
Sales |
$ |
2,400 |
|
$ |
2,217 |
|
|
Cost of goods sold |
|
1,172 |
|
|
1,170 |
|
|
Gross profit |
|
1,228 |
|
|
1,047 |
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
1,230 |
|
|
1,154 |
|
|
|
|
|
|
|
|
|
|
Operating loss |
|
(2) |
|
|
(107) |
|
|
|
|
|
|
|
|
|
|
Non-operating income, net |
|
82 |
|
|
109 |
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
80 |
|
|
2 |
|
|
|
|
|
|
|
|
|
|
Provision for income taxes |
|
21 |
|
|
6 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
59 |
|
$ |
(4) |
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share – diluted |
$ |
0.02 |
|
$ |
0.00 |
|
|
Average shares outstanding - diluted |
|
3,550,957 |
|
|
3,428,021 |
|
|
|
Six Months Ended |
|||||
|
|
2025 |
|
2024 |
|
||
|
Sales |
$ |
4,639 |
|
$ |
4,461 |
|
|
Cost of goods sold |
|
2,327 |
|
|
2,334 |
|
|
Gross profit |
|
2,312 |
|
|
2,127 |
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
2,483 |
|
|
2,334 |
|
|
|
|
|
|
|
|
|
|
Operating loss |
|
(171) |
|
|
(207) |
|
|
|
|
|
|
|
|
|
|
Non-operating income, net |
|
170 |
|
|
225 |
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
(1) |
|
|
18 |
|
|
|
|
|
|
|
|
|
|
Provision for income taxes |
|
4 |
|
|
11 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
(5) |
|
$ |
7 |
|
|
|
|
|
|
|
|
|
|
Earnings per share – diluted |
$ |
0.00 |
|
$ |
0.00 |
|
|
Average shares outstanding - diluted |
|
3,449,021 |
|
|
3,428,021 |
|
|
Balance Sheets
(in thousands)
|
||||||
|
|
|
|
|
|
||
|
|
2025 |
|
2024 |
|
||
|
Assets |
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
Cash and investments |
$ |
10,238 |
|
$ |
10,004 |
|
|
Trade receivables, net |
|
1,282 |
|
|
1,309 |
|
|
Inventories |
|
2,010 |
|
|
1,964 |
|
|
Other current assets |
|
252 |
|
|
197 |
|
|
Total current assets |
|
13,782 |
|
|
13,474 |
|
|
|
|
|
|
|
|
|
|
Deferred income tax asset, long-term |
|
501 |
|
|
501 |
|
|
Property and equipment, net |
|
877 |
|
|
910 |
|
|
Total assets |
$ |
15,160 |
|
$ |
14,885 |
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
$ |
769 |
|
$ |
552 |
|
|
Total current liabilities |
|
769 |
|
|
552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity |
|
|
|
|
|
|
|
Common stock |
|
344 |
|
|
344 |
|
|
Additional paid-in capital |
|
2,423 |
|
|
2,360 |
|
|
Retained earnings |
|
11,624 |
|
|
11,629 |
|
|
Total stockholders' equity |
|
14,391 |
|
|
14,333 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders' equity |
$ |
15,160 |
|
$ |
14,885 |
|
About
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
For more information please visit our website at: www.electro-sensors.com. Also look us up on:
LinkedIn: linkedin.com/company/electro-sensors-inc-
X: x.com/ESIsensors
Facebook: facebook.com/ElectroSensors
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