Electro-Sensors, Inc. Announces Third Quarter 2019 Financial Results
Electro-Sensors, Inc. (ELSE)
US:NASDAQ Investor Relations:
electro-sensors.com/about/investor-info
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Source: PR Newswire
MINNETONKA, Minn., Nov. 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 third quarter ended September 30, 2019.Quarterly revenue of $2,049,000, down 4.5% from prior year quarter Year-to-date revenue of $6,317,000, up 12% from similar prior year period Cash and investments of approximately $8.9 millionSelected Financial Information (unaudited; in thousands, except per share data)Q3 2019Q3 2018ChangeNet Sales$2,049$2,146-4.5%Gross Margin52.4%55.7%-330 bpsOperating Income (Loss)$(18)$199-109.0%Operating Income (Loss) Margin(0.9)%9.3%-1020 bpsIncome Before Income Taxes$25$237-89.5%Earnings Per Share (diluted)
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