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

Author: Benzinga Newsdesk | March 19, 2025 04:18pm

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.

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