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Stock impact report

Electro-Sensors, Inc. Announces Second Quarter 2024 Financial Results

Electro-Sensors, Inc. (ELSE) 
US:NASDAQ Investor Relations: electro-sensors.com/about/investor-info
Company Research Source: PR Newswire
MINNETONKA, Minn., Aug. 9, 2024 /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, 2024.Quarterly revenue of $2,217,000, up 3.7% from the prior-year periodGross margin of 47.2%Cash and investments of approximately $9.9 millionSelected Financial Information (unaudited; in thousands, except per share data)Q2 2023Q2 2022ChangeNet Sales$2,217$2,1373.7%Gross Margin47.2%50.0%-280bpsOperating Income (Loss)$(107)$44(343.2)%Operating Income Margin Show less Read more
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