Electro-Sensors, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 11:37 am EST
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Electro-Sensors, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 2.22 million compared to USD 2.15 million a year ago. Net income was USD 0.122 million compared to USD 0.017 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.04.
For the nine months, sales was USD 6.92 million compared to USD 6.52 million a year ago. Net loss was USD 0.171 million compared to net income of USD 0.229 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.07 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. 
