Electro-Sensors, Inc. Announces Third Quarter 2025 Financial Results
MINNETONKA, Minn., Nov. 13, 2025 /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, 2025.
Selected Financial Information (unaudited, in thousands, except per share data)
Q3 2025
Q3 2024
Change
Net Sales
$
2,748
$
2,512
9.4
%
Gross Margin
53.1
%
50.4
%
270
bps
Operating Income
$
181
$
173
4.6
%
Operating Income Margin
6.6
%
6.9
%
(30)
bps
Income Before Income Taxes
$
272
$
290
(6.2)
%
Earnings Per Share (diluted)
$
0.06
$
0.07
(14.3)
%
Net sales in the third quarter increased 9.4% to $2,748,000 from $2,512,000 in the prior-year quarter. For the first nine months of 2025, net sales increased 5.9% to $7,387,000 from $6,973,000 in the comparable prior-year period. Gross margin for the 2025 third quarter was 53.1%, up from 50.4% in the corresponding quarter in 2024.
"We are pleased to report record quarterly revenue during the 2025 third quarter, driven by improved sales through our industrial automation distribution channels and higher OEM sales," said David L. Klenk, Electro-Sensors' president. "Furthermore, gross margin increased during the quarter as we continue to carefully manage our supply chain, while also benefiting from sales price adjustments implemented earlier in the year."
A full analysis of results for the period ended September 30, 2025 is available in the Company's Form 10-Q, which is available on the Company's website at www.electro-sensors.com or through the Securities and Exchange Commission's Edgar database at www.sec.gov.
Electro-Sensors, Inc.
Statements of Income
For the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited)
(in thousands except share and per share amounts)
Three Months Ended September 30,
2025
2024
Sales
$
2,748
$
2,512
Cost of goods sold
1,290
1,247
Gross profit
1,458
1,265
Operating expenses
1,277
1,092
Operating income
181
173
Non-operating income, net
91
117
Income before income taxes
272
290
Provision for income taxes
64
52
Net income
$
208
$
238
Earnings per share – diluted
$
0.06
$
0.07
Average shares outstanding - diluted
3,473,921
3,434,417
Nine Months Ended September 30,
2025
2024
Sales
$
7,387
$
6,973
Cost of goods sold
3,617
3,581
Gross profit
3,770
3,392
Operating expenses
3,760
3,426
Operating income (loss)
10
(34)
Non-operating income, net
261
342
Income before income taxes
271
308
Provision for income taxes
68
63
Net income
$
203
$
245
Earnings per share – diluted
$
0.06
$
0.07
Average shares outstanding - diluted
3,453,585
3,440,382
Electro-Sensors, Inc.
Balance Sheets
September 30, 2025 and December 31, 2024
(in thousands)
September 30,
December 31,
2025
2024
Assets
(unaudited)
Current Assets
Cash and investments
$
10,627
$
10,004
Trade receivables, net
1,425
1,309
Inventories
2,070
1,964
Other current assets
318
197
Total current assets
14,440
13,474
Deferred income tax asset, long-term
437
501
Property and equipment, net
860
910
Total assets
$
15,737
$
14,885
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable and accrued expenses
$
1,049
$
552
Total current liabilities
1,049
552
Stockholders' equity
Common stock
348
344
Additional paid-in capital
2,508
2,360
Retained earnings
11,832
11,629
Total stockholders' equity
14,688
14,333
Total liabilities and stockholders' equity
$
15,737
$
14,885
About Electro-Sensors
Electro-Sensors, Inc. is an industry leading designer and manufacturer of rugged and reliable machine monitoring sensors and wireless/wired hazard monitoring systems applied across multiple industries and applications. These products improve processes by protecting people, safeguarding systems, reducing downtime, and preventing waste. Electro-Sensors is proud to be an ISO9001:2015 quality certified company and is committed to providing excellent customer service and technical support. Founded in 1968 and located in Minnetonka, Minnesota, Electro-Sensors provides its loyal customers with reliable products that improve safety and help plants operate with greater efficiency, productivity and control.
Cautionary Statement Regarding Forward Looking Statements
This press release may include statements about possible or anticipated future financial performance, business activities, plans, or opportunities. These forward-looking statements may include the words "will," "should," "believes," "expects," "anticipates," "intends" or similar expressions. For these forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Forward-looking statements reflect the company's current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact. These forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC that could cause actual performance, activities, plans, or opportunities after the date the statements are made to differ significantly from those indicated in the forward-looking statements.
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SOURCE Electro-Sensors, Inc.