Electro-Sensors, Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
Electro-Sensors, Inc. (ELSE)
US:NASDAQ Investor Relations:
electro-sensors.com/about/investor-info
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Source: Yahoo! Finance
hazard monitoring systems, today announced financial results for the third quarter ended September 30, 2024 Quarterly revenue of , up 22.1% from the prior-year period Gross margin of 50.4% Cash and investments of approximately $10.3 million Selected Financial Information (unaudited; in thousands, except per share data) Q3 2024 Q3 2023 Change Net Sales Gross Margin bps Operating Income (Loss) Operating Income Margin bps Income Before Income Taxes Earnings Per Share (diluted) Net sales in the third quarter increased 22.1% to from in the prior-year quarter. For the nine-month period ended September 30, 2024 , net sales increased 11.8% to from in the comparable prior-year period. Furthermore, gross margin for the 2024 third quarter was 50.4%, up from 48.6% in the corresponding quarter in 2023. "Sales during the third quarter increased for both our wired sensor products and our wireless HazardPRO™ products, largely driven by industrial automation and agric
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