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Electro-Sensors, Inc. Announces First Quarter 2026 Financial Results
MINNETONKA, Minn., May 14, 2026 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard
About this update from Electro-sensors, Inc.
[{"type":"text","content":"MINNETONKA, Minn., May 14, 2026 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the first quarter ended March 31, 2026.\nRecord first quarter revenue of $2,579,000Gross Margin of 51.3%Cash and investments of approximately $10.8 millionUnaudited; in thousands, except per share dataQ1 FY26Q1 FY25ChangeNet Sales$2,579$2,23915.2%Gross Margin51.3%48.4%290BpsOperating Loss$(218)$(169)(29.0)%Operating Margin(8.3)%(7.6)%(70)bpsLoss Before Income Tax Benefit$(147)$(81)(81.5)%Loss Per Share (diluted)$(0.03)$(0.02)(50.0)%\"We are pleased to report first quarter revenue of $2,579,000, up 15.2% from the prior-year period,\" said David L. Klenk, Electro-Sensors' president. \"The increase was driven primarily driven by higher sales of wired products and an increase in international sales for agricultural applications.A full analysis of results for the period ended March 31, 2026 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.Consolidated Statements of IncomeFor the Quarter Ended March 31, 2026 and 2025 (unaudited)(in thousands except share and per share amounts)Three Months Ended March 3120262025Net sales$2,579$2,239Cost of goods sold1,2571,155Gross profit1,3221,084Operating expenses1,5401,253Operating loss(218)(169)Non-operating income7188Loss before income taxes(147)(81)Benefit from income taxes(31)(17)Net loss$(116)$(64)Loss per share – diluted$(0.03)$(0.02)Average shares outstanding - diluted3,511,8673,449,021Electro-Sensors, Inc.Consolidated Balance SheetsMarch 31, 2026 and December 31, 2025(in thousands)March 31December 3120262025Assets(unaudited)Current AssetsCash and investments$10,812$10,601Trade receivables, net1,3931,404Inventories, net2,0802,028Other current assets387320Total current assets14,67214,353Deferred income tax asset, long-term495464Property and equipment, net892885Total assets$16,059$15,702Liabilities and Stockholders' EquityCurrent LiabilitiesAccounts payable and accrued expenses$1,161$885Total current liabilities1,161885Stockholders' equityCommon stock353348Additional paid-in capital2,7262,534Retained earnings11,81911,935Tota...