Electro-Sensors, Inc. Announces 2023 Year-End Financial Results

MINNETONKA, Minn., March 21, 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 year ended December 31, 2023. Annual revenue of $8.6 million, down 5.2% over prior year Gross Margin of 49.6% Cash and investments of $9.9 million Table in thousands, except per share data FY22 FY21 Change Net Sales $8,555 $9,029 (5.2) % Gross Margin 49.6 % 53.6 %(400) bps Operating Income (Los ...