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Electro-Sensors, Inc. Announces Third Quarter 2025 Financial Results
Prnewswire· 2025-11-13 20:30
Core Insights - Electro-Sensors, Inc. reported record quarterly revenue of $2,748,000 for Q3 2025, representing a 9.4% increase from $2,512,000 in Q3 2024 [2][5] - The gross margin improved to 53.1% in Q3 2025, up from 50.4% in the same quarter of the previous year, indicating effective supply chain management and successful sales price adjustments [2][3] - The company experienced a slight decrease in net income, reporting $208,000 for Q3 2025 compared to $238,000 in Q3 2024, with diluted earnings per share falling to $0.06 from $0.07 [4][5] Financial Performance - Net sales for the first nine months of 2025 reached $7,387,000, a 5.9% increase from $6,973,000 in the same period of 2024 [2][6] - Operating income for Q3 2025 was $181,000, a 4.6% increase from $173,000 in Q3 2024, while the operating income margin slightly decreased to 6.6% from 6.9% [2][4] - Non-operating income decreased to $91,000 in Q3 2025 from $117,000 in Q3 2024, contributing to the overall decline in income before income taxes [4] Balance Sheet Highlights - As of September 30, 2025, total assets increased to $15,737,000 from $14,885,000 at the end of 2024, driven by higher current assets [7] - Cash and investments rose to approximately $10.6 million, up from $10.0 million at the end of 2024, reflecting a solid liquidity position [5][7] - Stockholders' equity increased to $14,688,000 from $14,333,000, indicating a strengthening financial position [7] Company Overview - Electro-Sensors, Inc. specializes in designing and manufacturing machine monitoring sensors and hazard monitoring systems, serving multiple industries [8][9] - The company is ISO9001:2015 certified, emphasizing its commitment to quality and customer service [8]