Core Insights - Electro-Sensors, Inc. reported a slight decline in net sales for Q1 FY25, totaling $2,239,000, a decrease of 0.2% compared to Q1 FY24 [2][4] - The gross margin improved to 48.4%, up from 48.1% in the previous year, indicating better cost management [2][3] - The company experienced a significant operating loss of $169,000, which is a 69% increase in losses compared to the prior year [2][3] - The net loss for the quarter was $64,000, contrasting with a net income of $11,000 in Q1 FY24 [3][4] Financial Performance - Net sales for Q1 FY25 were $2,239,000 compared to $2,244,000 in Q1 FY24, reflecting a minor decrease [2][3] - Gross profit for the quarter was $1,084,000, slightly up from $1,080,000 in the same period last year [3] - Operating expenses rose to $1,253,000 from $1,180,000, contributing to the increased operating loss [3] - Non-operating income decreased to $88,000 from $116,000, impacting overall profitability [3] Balance Sheet Highlights - As of March 31, 2025, total assets increased to $15,086,000 from $14,885,000 at the end of 2024 [5] - Cash and investments were approximately $10,000,000, showing a slight decrease from $10,004,000 [5] - Total stockholders' equity remained relatively stable at $14,300,000 compared to $14,333,000 at the end of 2024 [5] Company Overview - Electro-Sensors, Inc. specializes in machine monitoring sensors and hazard monitoring systems, serving various industries [6] - The company is ISO9001:2015 certified, emphasizing its commitment to quality and customer service [6] - Founded in 1968 and based in Minnetonka, Minnesota, Electro-Sensors aims to enhance safety and operational efficiency for its clients [6]