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Electro-Sensors FY24 EPS $0.13 Up From $0.08 YoY; Revenue $9.37M Up From $8.56M YoY

Benzinga·03/19/2025 20:18:38
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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, 2024.

  • Annual revenue of $9.4 million, up 9.6% over prior year
  • Gross Margin of 48.9%
  • Cash and investments of $10.0 million

Table in thousands, except per share data



 


 
FY24

 
FY23

 
Change
Net Sales

 
$ 9,373

 
$ 8,555

 
9.6 %
Gross Margin

 


 
48.9 %

 
49.6 % (70) bps
Operating Income (Loss)

 
$ (4)

 
$ (28)

 
85.7 %
Operating Income (Loss) Margin

 


 
(0.0) %

 
(0.4) % 40 bps
Income Before Income Taxes

 
$ 436

 
$ 378

 
15.3 %
Earnings Per Share (diluted)

 
$ 0.13

 
$ 0.08

 
62.5 %

Net sales during 2024 increased 9.6% to $9,373,000 from $8,555,000 in the prior year.  The increase in net sales was largely driven by higher sales of HazardPRO wireless sensors in agricultural applications.  International sales increased slightly to 11.5% of net sales compared to 10.3% of net sales for the prior year.