Electro-Sensors, Inc. Announces 2019 Year-End Financial Results
Electro-Sensors, Inc. (ELSE)
US:NASDAQ Investor Relations:
electro-sensors.com/about/investor-info
Company Research
Source: PR Newswire
MINNETONKA, Minn., March 25, 2020 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the year ended December 31, 2019.Record annual net sales of over $8.2 million, up 10% from prior year Net income of $187,000, or $0.06 per share Cash and investments of $8.8 millionTable in thousands, except per share dataFY19FY18ChangeNet Sales$8,258$7,49510.2%Gross Margin52.9%54.0%-110bpsOperating Loss$(31)$(145)78.6%Operating Loss Margin(0.4)%(1.9)%150bpsIncome (Loss) Before Income Taxes
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