Electro-Sensors, Inc. Announces Second Quarter 2019 Financial Results
Electro-Sensors, Inc. (ELSE)
US:NASDAQ Investor Relations:
electro-sensors.com/about/investor-info
Company Research
Source: PR Newswire
MINNETONKA, Minn., Aug. 12, 2019 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the second quarter ended June 30, 2019.Quarterly revenue of $2,260,000, up 27% from prior-year quarter Gross margin of 54.6% Cash and investments of approximately $8.8 millionSelected Financial Information (unaudited; in thousands, except per share data)Q2 2019Q2 2018ChangeNet Sales$2,260$1,78027.0%Gross Margin54.6%54.6%0bpsOperating Income (Loss)$88$(75)217%Operating Income (Loss) Margin3.9%(4.2)%81bpsIncome (Loss) Before Income Taxes$131$(48)372.9%Earning (Loss)
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