Electro-Sensors, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 05, 2021 at 02:03 pm EDT
Share
Electro-Sensors, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 2.15 million compared to USD 1.9 million a year ago. Net income was USD 0.017 million compared to net loss of USD 0.046 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 6.52 million compared to USD 5.91 million a year ago. Net income was USD 0.229 million compared to net loss of USD 0.119 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.
Electro-Sensors, Inc. manufactures and sells industrial production monitoring and process control systems. It manufactures a line of monitoring and control systems for a range of industrial machine applications. The systems measure machine production and operation rates, as well as regulate the speed of related machines in production processes. Its product range includes speed monitoring systems, temperature application products, position application products, vibration monitoring products, tilt switches and hazard monitoring systems. Its speed monitoring systems compare revolutions per minute or speed against acceptable rates as determined by its customers. Its speed monitoring systems also include a line of products that measure production counts or rates, such as number of parts, gallons per minute and others. Its main temperature applications include bearing, gear box, and motor temperature monitoring sensors. Electro-Sentry and HazardPRO are its hazard monitoring systems.
ELECTRO-SENSORS, INC. 
